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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 14,461,000 $ 16,410,000
Accounts receivable, net of allowance for doubtful accounts of $185 and $260 at September 30, 2019 and December 31, 2018, respectively 1,301,000 1,154,000
Inventories 4,112,000 3,422,000
Prepaid expenses and other current assets 489,000 635,000
Total current assets 20,363,000 21,621,000
Right of use asset 5,192,000
Property and equipment, net 1,873,000 2,078,000
Other assets 579,000
Total assets 28,007,000 23,699,000
Current liabilities:    
Accounts payable 919,000 1,148,000
Accrued compensation 1,189,000 1,197,000
Accrued expenses and other current liabilities 681,000 1,449,000
Leasehold liability, current portion 855,000
Borrowings 8,578,000 7,486,000
Preferred stock dividends payable 2,685,000 2,918,000
Total current liabilities 14,907,000 14,198,000
Leasehold liability, long-term portion 4,337,000
Other long-term liabilities 9,000 41,000
Total liabilities 19,253,000 14,239,000
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Convertible preferred stock issuable in series, par value of $0.001 Shares authorized: 5,000,000 at June 30, 2019 and December 31, 2018 Shares issued and outstanding: 44,923 and 45,671 at June 30, 2019 and December 31, 2018, respectively; aggregate liquidation preference of $46,535 and $44,718 at June 30, 2019 and December 31, 2018, respectively
Common stock, par value of $0.001; Shares authorized: 100,000,000 at September 30, 2019 and December 31, 2018; Shares issued and outstanding: 10,342,179 and 3,492,200 at September 30, 2019 and December 31, 2018, respectively 10,000 3,000
Additional paid-in capital 351,958,000 338,342,000
Accumulated deficit (343,214,000) (328,885,000)
Total stockholders’ equity 8,754,000 9,460,000
Total liabilities and stockholders’ equity $ 28,007,000 $ 23,699,000