Balance Sheet

v3.20.2
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 33,646 $ 14,584
Short-term investments   15,993
Accounts receivable, net 475 786
Inventories 2,592 2,777
Prepaid expenses and other current assets 466 1,860
Total current assets 37,179 36,000
Property and equipment, net 3,581 5,050
Operating lease right-of-use-assets 2,574 2,835
Other non-current assets 120 196
TOTAL ASSETS 43,454 44,081
Current Liabilities    
Accounts payable 899 1,532
Accrued expenses 4,591 2,642
Current portion of deferred revenue 1,729 2,029
Current portion of equipment financing 306 293
Current portion of promissory note 168  
Current portion of operating lease liabilities 346 318
Total current liabilities 8,039 6,814
Deferred revenue 656 1,232
Equipment financing 34 265
Promissory note 1,832  
Operating lease liabilities 2,355 2,620
Total liabilities 12,916 10,931
Commitments and contingencies (Note 13)
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 10,000,000 authorized at September 30, 2020 and December 31, 2019, respectively; none issued
Common stock, $0.0001 par value, 300,000,000 shares authorized; 72,468,337 and 13,770,349 issued and outstanding at September 30, 2020 and December 31, 2019, respectively 7 1
Additional paid-in capital 173,289 150,280
Accumulated deficit (142,758) (117,157)
Accumulated other comprehensive income   26
Total stockholders’ equity 30,538 33,150
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 43,454 $ 44,081

Source