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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 16,039 $ 19,497
Accounts receivable, net of allowance for doubtful accounts of $9 at June 30, 2022 and $6 at December 31, 2021 1,279 1,393
Inventories 5,178 4,601
Prepaid expenses and other current assets 1,099 300
Total current assets 23,595 25,791
Right of use asset 2,696 3,179
Property and equipment, net 520 95
Other assets 357 420
Total assets 27,168 29,485
Current liabilities:    
Accounts payable 727 1,394
Accrued compensation 1,493 1,609
Series A preferred stock dividends payable 2,255 0
Accrued expenses and other current liabilities 744 718
Leasehold liability, current portion 1,038 985
Total current liabilities 6,257 4,706
Borrowings, long-term portion 13,187 12,287
Leasehold liability, long-term portion 1,658 2,194
Other long-term liabilities 745 575
Total liabilities 21,847 19,762
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, 2022 and December 31, 2021; Shares issued and outstanding: 56,451 at June 30, 2022 and December 31, 2021; aggregate liquidation preference of $56,366 at June 30, 2022 and December 31, 2021 0 0
Common stock, par value of $0.001; Shares authorized: 100,000,000 at June 30, 2022 and December 31, 2021; Shares issued and outstanding: 6,081,333 and 4,778,263 at June 30, 2022 and December 31, 2021, respectively 6 96
Additional paid-in capital 399,422 394,380
Accumulated deficit (394,107) (384,753)
Total stockholders’ equity 5,321 9,723
Total liabilities and stockholders’ equity $ 27,168 $ 29,485