Balance Sheet

v3.20.2
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 29,380 $ 14,584
Short-term investments   15,993
Accounts receivable, net 474 786
Inventories 2,704 2,777
Prepaid expenses and other current assets 1,221 1,860
Total current assets 33,779 36,000
Property and equipment, net 4,106 5,050
Operating lease right-of-use-assets 2,662 2,835
Other non-current assets 144 196
TOTAL ASSETS 40,691 44,081
Current Liabilities    
Accounts payable 1,870 1,532
Accrued expenses 3,937 2,642
Current portion of deferred revenue 1,859 2,029
Current portion of equipment financing 301 293
Current portion of operating lease liabilities 337 318
Total current liabilities 8,304 6,814
Deferred revenue 846 1,232
Equipment financing 112 265
Promissory note 2,000  
Operating lease liabilities 2,445 2,620
Total liabilities 13,707 10,931
Commitments and contingencies (Note 13)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 10,000,000 authorized at June 30, 2020 and December 31, 2019, respectively; none issued
Common stock, $0.0001 par value, 300,000,000 shares authorized; 38,182,623 and 13,770,349 issued and outstanding at June 30, 2020 and December 31, 2019, respectively 4 1
Additional paid-in capital 161,959 150,280
Accumulated deficit (134,979) (117,157)
Accumulated other comprehensive income   26
Total stockholders’ equity 26,984 33,150
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 40,691 $ 44,081

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