Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 20,616 $ 23,906
Accounts receivable, net 17 24
Inventories 997 877
Prepaid expenses and other current assets 1,169 1,100
Current assets of discontinued operations   1,713
Total current assets 22,799 27,620
Property and equipment, net 2,030 2,527
Operating lease right-of-use assets 2,205 2,484
Other long-term assets 45 45
Long-term assets of discontinued operations   762
TOTAL ASSETS 27,079 33,438
Current Liabilities    
Accounts payable 543 471
Accrued expenses 2,632 4,147
Current portion of operating lease liabilities 301 356
Current portion of equipment financing   265
Current portion of PPP promissory note   421
Current liabilities of discontinued operations   2,102
Total current liabilities 3,476 7,762
Operating lease liabilities 2,054 2,264
PPP promissory note   1,579
Long-term liabilities of discontinued operations   686
Total liabilities 5,530 12,291
Commitments and contingencies (Note 14)
Stockholders’ Equity    
Preferred stock, $0.0001 par value; 10,000 shares authorized; no shares issued
Common stock, $0.0001 par value; 300,000 shares authorized; 7,042 and 3,189 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 7 7
Additional paid-in capital 191,527 174,342
Accumulated deficit (169,985) (153,202)
Total stockholders’ equity 21,549 21,147
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 27,079 $ 33,438