Balance Sheet

v3.20.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 18,437 $ 14,584
Short-term investments 5,003 15,993
Accounts receivable, net 684 786
Inventories 2,773 2,777
Prepaid expenses and other current assets 1,792 1,860
Total current assets 28,689 36,000
Property and equipment, net 4,687 5,050
Operating lease right-of-use-assets 2,749 2,835
Other non-current assets 175 196
TOTAL ASSETS 36,300 44,081
Current Liabilities    
Accounts payable 1,356 1,532
Accrued expenses 2,082 2,642
Current portion of deferred revenue 1,964 2,029
Current portion of equipment financing 293 293
Current portion of operating lease liabilities 327 318
Total current liabilities 6,022 6,814
Deferred revenue 1,082 1,232
Equipment financing 189 265
Operating lease liabilities 2,533 2,620
Total liabilities 9,826 10,931
Commitments and contingencies (Note 11)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 10,000,000 authorized at March 31, 2020 and December 31, 2019, respectively; none issued
Common stock, $0.0001 par value, 300,000,000 shares authorized; 13,895,349 and 13,770,349 issued and outstanding at March 31, 2020 and December 31, 2019, respectively 1 1
Additional paid-in capital 151,327 150,280
Accumulated deficit (124,858) (117,157)
Accumulated other comprehensive income 4 26
Total stockholders’ equity 26,474 33,150
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 36,300 $ 44,081

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