Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 13,108 $ 7,415
Accounts receivable 214 85
Inventories 4,780 2,708
Prepaid expenses and other current assets 1,086 908
Total current assets 19,188 11,116
Property and equipment, net 162 142
Other assets 41 41
Total assets 19,391 11,299
Current Liabilities:    
Accounts payable 1,549 672
Accrued liabilities 1,416 1,433
Borrowings, current position   179
Total current liabilities 2,965 2,284
Other liabilities 41 39
Borrowings, current position   668
Derivative liability 0 387
Warrant liability 8 8
Total liabilities 3,014 3,386
Commitments and contingencies (Note 8)
Series A 8% Senior Convertible Preferred stock, par value $0.0001; 1,250,000 shares authorized; 0 and 250,000 shares issued and outstanding as of December 31, 2021 and 2020, (liquidation preference of $0 and $1,136,000) 0 597
Stockholders' Equity:    
Common stock, par value $0.0001; 200,000,000 shares authorized; 15,819,059 and 8,402,250 shares issued and outstanding as of December 31, 2021 and 2020, respectively 2 1
Additional paid-in capital 228,578 207,698
Accumulated deficit (212,203) (200,383)
Total stockholders' equity 16,377 7,316
Total liabilities, convertible preferred stock and stockholders' equity $ 19,391 $ 11,299