Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
 [1]
Current Assets:    
Cash and cash equivalents $ 2,644,000 $ 13,108,000
Accounts receivable 237,000 214,000
Inventories 7,284,000 4,780,000
Prepaid expenses and other current assets 1,033,000 1,086,000
Total current assets 11,198,000 19,188,000
Property and equipment, net 198,000 162,000
Other assets 174,000 41,000
Total assets 11,570,000 19,391,000
Current Liabilities:    
Accounts payable 2,623,000 1,549,000
Accrued liabilities 1,239,000 1,416,000
Total current liabilities 3,862,000 2,965,000
Convertible notes payable, net 1,277,000  
Derivative liability 286,000  
Warrant liability 719,000 8,000
Other liabilities 74,000 41,000
Total liabilities 6,218,000 3,014,000
Commitments and contingencies (Note 8)
Series A 8% Senior Convertible Preferred stock, par value $0.0001; 0 shares authorized and outstanding as of September 30, 2022; 1,250,000 shares authorized; 0 shares outstanding as of December 31, 2021(liquidation preference of $0)
Stockholders' Equity:    
Common stock, par value $0.0001; 200,000,000 shares authorized; 17,119,353 and 15,819,059 shares outstanding as of September 30, 2022 and December 31, 2021, respectively 2,000 2,000
Additional paid-in capital 230,181,000 228,578,000
Accumulated deficit (224,831,000) (212,203,000)
Total stockholders' equity 5,352,000 16,377,000
Total liabilities, convertible preferred stock and stockholders' equity $ 11,570,000 $ 19,391,000
[1] The condensed consolidated balance sheet as of December 31, 2021 was derived from the audited consolidated balance sheet as of that date.