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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash $ 73 $ 108
Restricted cash 417 0
Accounts receivable, net of allowance for doubtful accounts of $439 and $123 453 1,346
Inventories 2,403 3,811
Prepaid expenses and other current assets 118 79
Total current assets 3,464 5,344
Property and equipment, net 1,778 1,557
Acquired In-process Research and Development 4,620 4,620
Trademarks, trade names 1,240 1,240
Goodwill 4,658 4,658
Other Assets 196 151
Total assets 15,956 17,570
Current Liabilities:    
Account payable and accrued expenses 3,252 3,164
Secured lines of credit and current portion of long-term debt 50 3,214
Notes due to employees, current portion 326 681
Advance - Related Parties 154 288
Total current liabilities 3,782 7,347
Long term debt, net of current portion 4,869 60
Notes due to employees, net of current portion 45 135
Deferred tax liability 1,485 2,005
Total Liabilities 10,181 9,547
Commitments and Contingencies
Stockholders' Equity :    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 198,355 shares issued and outstanding as of December 31, 2017 and 2016 (liquidation value of all classes of preferred stock $2,624 and $2,533 as of December 31, 2017 and 2016, respectively) 962 962
Common stock, $0.001 par value; 100,000,000 shares authorized, 28,906,081 and 22,421,987 issued and outstanding as of December 31, 2017 and 2016, respectively 29 23
Additional paid-in capital 13,750 9,366
Stock subscription 0 25
Treasury Stock (327) (327)
Accumulated other comprehensive loss (444) (642)
Accumulated deficit (8,195) (1,384)
Total stockholders' equity 5,775 8,023
Total liabilities and stockholders' equity $ 15,956 $ 17,570