Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 4,944 $ 4,958
Accounts receivable 81 76
Inventory, current 228 245
Prepaid expenses and other current assets 497 478
Total current assets 5,750 5,757
Fixed assets, net 897 992
Inventory, non-current 251 251
Right-of-use assets 155 210
Other non-current assets 13 13
Total assets 7,066 7,223
Current liabilities:    
Accounts payable and accrued expenses 1,495 1,842
Operating lease liabilities - current 116 169
Other current liabilities 66 226
Current portion of long-term debt, net of unamortized debt discount of $91 and $108, respectively 1,632 1,033
Total current liabilities 3,309 3,270
Long-term debt, net of unamortized debt discount of $5 and $16, respectively 669 1,239
Operating lease liabilities - non-current 21 27
Total liabilities 3,999 4,536
Commitments and contingent liabilities (Note 9)
Shareholders’ equity    
Common stock $0.0001 par value; 115,000,000 shares authorized; 5,210,876 and 1,547,042 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 1
Additional paid-in capital 159,397 156,905
Accumulated deficit (156,331) (154,218)
Total shareholders’ equity 3,067 2,687
Total liabilities and shareholders’ equity $ 7,066 $ 7,223