Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.20.4
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 23,906 $ 14,584
Short-term investments   15,993
Accounts receivable, net 238 786
Inventories 2,218 2,777
Prepaid expenses and other current assets 1,258 1,860
Total current assets 27,620 36,000
Property and equipment, net 3,211 5,050
Operating lease right-of-use-assets 2,484 2,835
Other non-current assets 123 196
TOTAL ASSETS 33,438 44,081
Current Liabilities    
Accounts payable 571 1,532
Accrued expenses 4,348 2,642
Current portion of deferred revenue 1,801 2,029
Current portion of equipment financing 265 293
Current portion of promissory note 421  
Current portion of operating lease liabilities 356 318
Total current liabilities 7,762 6,814
Deferred revenue 686 1,232
Promissory note 1,579  
Operating lease liabilities 2,264 2,620
Equipment financing   265
Total liabilities 12,291 10,931
Commitments and contingencies (Note 15)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized at December 31, 2020 and 2019; none issued
Common stock, $0.0001 par value, 300,000,000 shares authorized at December 31, 2020 and 2019; 3,188,679 and 550,814 issued and outstanding at December 31, 2020 and 2019, respectively 7 1
Additional paid-in capital 174,342 150,280
Accumulated deficit (153,202) (117,157)
Accumulated other comprehensive income   26
Total stockholders’ equity 21,147 33,150
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 33,438 $ 44,081