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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 5,901 $ 5,275
Accounts receivable, net of allowance for doubtful accounts of $56 and $41 at September 30, 2024 and December 31, 2023, respectively 877 1,014
Inventories, net 3,759 5,298
Prepaid expenses and other current assets 947 575
Total current assets 11,484 12,162
Right of use asset 1,427 1,102
Property and equipment, net 466 487
Other assets 224 19
Total assets 13,601 13,770
Current liabilities:    
Accounts payable 921 777
Accrued compensation 1,962 2,311
Preferred stock dividends payable 653 0
Accrued expenses and other current liabilities 589 817
Leasehold liability, current portion 1,210 1,102
Borrowings 4,168 14,293
Total current liabilities 9,503 19,300
Leasehold liability, long-term portion 217 0
Other long-term liabilities 6 672
Total liabilities 9,726 19,972
Commitments and contingencies (Note 6)  
Stockholders’ equity (deficit):    
Preferred stock issuable in series, par value of $0.001; Shares authorized: 5,000,000 at September 30, 2024 and December 31, 2023; Shares issued and outstanding: 30,229 and 62,881 at September 30, 2024 and December 31, 2023, respectively; aggregate liquidation preference of $18,338 and $62,796 at September 30, 2024 and December 31, 2023, respectively 0 0
Common stock, par value of $0.001; Shares authorized: 100,000,000 at September 30, 2024 and December 31, 2023; Shares issued and outstanding: 2,783,891 and 1,279,928 at September 30, 2024 and December 31, 2023, respectively 3 1
Additional paid-in capital 438,153 414,493
Accumulated deficit (434,281) (420,696)
Total stockholders’ equity (deficit) 3,875 (6,202)
Total liabilities and stockholders’ equity (deficit) $ 13,601 $ 13,770