Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,958 $ 14,042
Accounts receivable 76 59
Inventory, current 245 488
Prepaid expenses and other current assets 478 781
Total current assets 5,757 15,370
Fixed assets, net 992 1,325
Inventory, non-current 251 511
Right-of-use assets 210 428
Other non-current assets 13 13
Total assets 7,223 17,647
Current liabilities:    
Accounts payable and accrued expenses 1,842 1,969
Operating lease liabilities - current 169 245
Other current liabilities 226 53
Current portion of long-term debt, net of unamortized debt discount of $16 and $182, respectively 1,033 2,532
Total current liabilities 3,270 4,799
Contingent royalty obligation 1,212
Operating lease liabilities - non-current 27 178
Convertible note, net of unamortized debt discount of $0 and $108, respectively 3,892
Long-term debt, net of unamortized debt discount of $108 and $135, respectively 1,239 4,589
Total liabilities 4,536 14,670
Commitments and contingent liabilities (Note 9)
Shareholders’ equity    
Preferred stock $0.0001 par value; 10,000,000 shares authorized; zero shares issued and outstanding
Common stock $0.0001 par value; 115,000,000 shares authorized; 1,547,042 and 310,494 shares issued and outstanding as of December 31, 2023 and 2022, respectively
Additional paid-in capital 156,905 144,328
Accumulated deficit (154,218) (141,351)
Total shareholders’ equity 2,687 2,977
Total liabilities and shareholders’ equity $ 7,223 $ 17,647