Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 15,757 $ 22,563 [1]
Accounts receivable 81 109 [1]
Inventory 1,038 496 [1]
Prepaid expenses and other current assets 1,317 793 [1]
Total current assets 18,193 23,961 [1]
Fixed assets, net 1,329 1,428 [1]
Right-of-use assets 547 687 [1]
Other non-current assets 13 13 [1]
Total assets 20,082 26,089 [1]
Current liabilities:    
Accounts payable and accrued expenses 2,212 2,584 [1]
Operating lease liabilities - current 266 307 [1]
Other current liabilities 18 10 [1]
Current portion of long-term debt, net of unamortized debt discount of $270 and $271, respectively 1,757 431 [1]
Total current liabilities 4,253 3,332 [1]
Contingent royalty obligation 1,823 1,760 [1]
Operating lease liabilities - non-current 280 385 [1]
Convertible note, net of unamortized debt discount of $138 and $166, respectively 3,862 3,834 [1]
Long-term debt, net of unamortized debt discount of $221 and $317, respectively 5,892 7,121 [1]
Total liabilities 16,110 16,432 [1]
Commitments and contingent liabilities (Note 9) [1]  
Shareholders’ equity    
Common stock $0.0001 par value; 5,750,000 shares authorized; 2,765,259 and 2,416,021 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively [1]
Additional paid-in capital 136,677 132,411 [1]
Accumulated deficit (132,705) (122,754) [1]
Total shareholders’ equity 3,972 9,657 [1]
Total liabilities and shareholders’ equity $ 20,082 $ 26,089 [1]
[1] Derived from audited consolidated financial statements