Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
[1]
Current assets:    
Cash and cash equivalents $ 27,749 $ 20,819
Accounts receivable 74 35
Inventory 770 805
Prepaid expenses and other current assets 1,221 448
Total current assets 29,814 22,107
Fixed assets, net 1,312 1,178
Right-of-use assets 730 766
Other non-current assets 13 13
Total assets 31,869 24,064
Current liabilities:    
Accounts payable and accrued expenses 2,015 2,333
Operating lease liabilities - current 243 238
Other current liabilities 4 60
Term debt, net of debt discount of $19 and $21, respectively 7,981 7,979
Total current liabilities 10,243 10,610
Contingent royalty obligation 1,697 1,617
Operating lease liabilities - non-current 504 547
Total liabilities 12,444 12,774
Commitments and contingent liabilities (Note 9)
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; 46,779,028 and 32,272,309 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 5 3
Additional paid-in capital 127,790 115,008
Accumulated deficit (108,370) (103,721)
Total shareholders’ equity 19,425 11,290
Total liabilities and shareholders’ equity $ 31,869 $ 24,064
[1] Derived from audited consolidated financial statements