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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 23,078 $ 22,185
Accounts receivable, net of allowance for doubtful accounts of $6 at September 30, 2021 and $19 at December 31, 2020 1,400 1,484
Inventories 4,519 3,876
Prepaid expenses and other current assets 668 350
Total current assets 29,665 27,895
Right of use asset 3,408 4,063
Property and equipment, net 213 727
Other assets 452 510
Total assets 33,738 33,195
Current liabilities:    
Accounts payable 1,178 694
Accrued compensation 1,379 1,703
Series A preferred stock dividends payable 3,132 0
Accrued expenses and other current liabilities 791 669
Leasehold liability, current portion 959 806
Borrowings, current portion 0 3,590
Total current liabilities 7,439 7,462
Borrowings, long-term portion 11,853 9,400
Leasehold liability, long-term portion 2,449 3,257
Other long-term liabilities 431 0
Total liabilities 22,172 20,119
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Convertible preferred stock issuable in series, par value of $0.001; Aggregate shares authorized: 5,000,000 at September 30, 2021 and December 31, 2020; Aggregate shares issued and outstanding: 52,276 and 52,369 at September 30, 2021 and December 31, 2020, respectively; aggregate liquidation preference of $52,191 at both September 30, 2021 and December 31, 2020 (Note 8) 0 0
Common stock, par value of $0.001; Shares authorized: 100,000,000 at September 30, 2021 and December 31, 2020; Shares issued and outstanding: 95,562,955 and 84,926,129 at September 30, 2021 and December 31, 2020, respectively 96 85
Additional paid-in capital 391,227 380,332
Accumulated deficit (379,757) (367,341)
Total stockholders’ equity 11,566 13,076
Total liabilities and stockholders’ equity $ 33,738 $ 33,195