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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 16,557 $ 11,231
Accounts receivable, net 13,973 15,958
Inventory 6,493 18,515
Prepaid expenses and other current assets 2,921 5,558
Total current assets 39,944 51,262
Property and equipment, net 377 1,108
Right of use assets, net 937 2,260
Intangible assets, net 2,210 2,279
Other assets 655 1,195
Total assets 44,123 58,104
Current liabilities:    
Accounts payable 13,679 30,432
Accrued and other expenses 15,051 19,984
Current portion of deferred revenues 1,166 1,148
Line of credit 9,250 4,685
Current portion of long-term debt 5,944 10,353
Total current liabilities 45,090 66,602
Noncurrent lease liability 22 1,162
Common stock warrant liabilities 27,781 724
Other long-term liabilities 906 251
Total liabilities 73,799 68,739
Commitments and contingencies (Note 7)
Series A convertible preferred stock, 0.0001 par value, 10,741,071 shares authorized as of December 31, 2023 and December 31, 2022; 28,628 and 0 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively (liquidation preference of $28,628) 7,855 0
Stockholders’ deficit:    
Common stock, $0.0001 par value, 107,142,857 shares authorized as of December 31, 2023 and December 31, 2022; 8,797,456 and 8,242,009 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively. 1 1
Additional paid-in capital 218,127 212,122
Accumulated deficit (255,659) (222,758)
Total stockholders’ deficit (37,531) (10,635)
Total liabilities, convertible preferred stock, and stockholders’ deficit $ 44,123 $ 58,104
Common stock, shares authorized (in shares) 107,142,857