Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 2,897,000 $ 13,108,000
Accounts receivable 273,000 214,000
Inventories 7,070,000 4,780,000
Prepaid expenses and other current assets 890,000 1,086,000
Total current assets 11,130,000 19,188,000
Property and equipment, net 174,000 162,000
Other assets 148,000 41,000
Total assets 11,452,000 19,391,000
Current Liabilities:    
Accounts payable 2,042,000 1,549,000
Accrued liabilities 1,632,000 1,416,000
Total current liabilities 3,674,000 2,965,000
Convertible note payable 457,000  
Warrant liabilities 8,945,000 8,000
Derivative liability 333,000  
Other liabilities 39,000 41,000
Total liabilities 13,448,000 3,014,000
Commitments and contingencies
Series A 8% Senior Convertible Preferred stock, par value $0.0001; 0 shares authorized and outstanding as of December 31, 2022; 1,250,000 shares authorized; 0 shares outstanding as of December 31, 2021, (liquidation preference of $0) 0 0
Stockholders' Equity (Deficit):    
Common stock, par value $0.0001; 200,000,000 shares authorized; 712,564 and 158,310 shares issued and outstanding as of December 31, 2022 and 2021, respectively 7,000 2,000
Additional paid-in capital 226,318,000 228,578,000
Accumulated deficit (228,321,000) (212,203,000)
Total stockholders' equity (deficit) (1,996,000) 16,377,000
Total liabilities, convertible preferred stock and stockholders' equity (deficit) $ 11,452,000 $ 19,391,000