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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 6,079 $ 4,100
Accounts receivable 1,174 1,034
Prepaid expenses 648 356
Total current assets 7,901 5,490
Property and Equipment:    
Equipment 2,677 2,517
Furniture and fixtures 43 43
Leasehold improvements 67 67
Property and equipment 2,787 2,627
Accumulated depreciation and amortization (1,713) (1,567)
Property and equipment, net 1,074 1,060
Finance leases, right-of-use assets, net 1,543 1,709
Operating leases, right-of-use assets, net 733 808
Other assets 165 166
Total noncurrent assets 3,515 3,743
TOTAL ASSETS 11,416 9,233
Current Liabilities:    
Accounts payable, trade 807 718
Accrued expenses 896 534
Finance leases liabilities, current portion 647 644
Operating leases liabilities, current portion 1,035 935
Notes payable, current portion 2,859 0
Deferred revenue 337 560
Total current liabilities 6,581 3,391
Non- Current Liabilities:    
Notes payable, noncurrent portion 1,783 0
Finance lease liabilities, noncurrent portion 663 673
Operating leases liability, noncurrent portion 1,087 1,250
Total non-current liabilities 3,533 1,923
Stockholders’ equity:    
Preferred Stock $0.01 par value: Authorized shares – 5,000 Issued shares – 0 in 2022 and 2021 0 0
Common stock, $0.01 par value: Authorized shares — 80,000 Issued shares — 19,474 in 2022 and 19,135 in 2021 Outstanding shares — 19,464 in 2022 and 19,125 in 2021 195 191
Common stock held in treasury, at cost – 10 shares (362) (362)
Additional paid-in capital 85,663 84,230
Accumulated deficit (84,151) (80,097)
Accumulated other comprehensive loss (43) (43)
Total stockholders’ equity 1,302 3,919
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 11,416 $ 9,233