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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 7,174 $ 5,275
Accounts receivable, net of allowance for doubtful accounts of $56 and $41 at March 31, 2024 and December 31, 2023, respectively 1,377 1,014
Inventories, net 4,562 5,298
Prepaid expenses and other current assets 1,008 575
Total current assets 14,121 12,162
Right of use asset 1,991 1,102
Property and equipment, net 523 487
Other assets 225 19
Total assets 16,860 13,770
Current liabilities:    
Accounts payable 747 777
Accrued compensation 2,523 2,311
Preferred stock dividends payable 65 0
Accrued expenses and other current liabilities 822 817
Leasehold liability, current portion 1,156 1,102
Borrowings 14,751 14,293
Total current liabilities 20,064 19,300
Leasehold liability, long-term portion 835 0
Other long-term liabilities 15 672
Total liabilities 20,914 19,972
Commitments and contingencies (Note 6)  
Stockholders’ deficit:    
Shares issued and outstanding: 19,229 and 62,881 at March 31, 2024 and December 31, 2023, respectively; aggregate liquidation preference related to Series E and Series F convertible preferred stock of $7,338 at March 31, 2024 and $62,796 at December 31, 2023 related to Series A and Series E convertible preferred stock 0 0
Shares issued and outstanding: 1,586,434 and 1,279,928 at March 31, 2024 and December 31, 2023, respectively 2 1
Additional paid-in capital 422,157 414,493
Accumulated deficit (426,213) (420,696)
Total stockholders’ deficit (4,054) (6,202)
Total liabilities and stockholders’ deficit $ 16,860 $ 13,770