Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 13,294 $ 22,563
Accounts receivable 161 109
Inventory 1,014 496
Prepaid expenses and other current assets 1,018 793
Total current assets 15,487 23,961
Fixed assets, net 1,395 1,428
Right-of-use assets 471 687
Other non-current assets 13 13
Total assets 17,366 26,089
Current liabilities:    
Accounts payable and accrued expenses 2,696 2,584
Operating lease liabilities - current 248 307
Other current liabilities 70 10
Current portion of long-term debt, net of unamortized debt discount of $260 and $271, respectively 2,453 431
Total current liabilities 5,467 3,332
Contingent royalty obligation 1,789 1,760
Operating lease liabilities - non-current 220 385
Convertible note, net of unamortized debt discount of $123 and $166, respectively 3,877 3,834
Long-term debt, net of unamortized debt discount of $176 and $317, respectively 5,251 7,121
Total liabilities 16,604 16,432
Commitments and contingent liabilities (Note 9)
Shareholders’ equity    
Common stock $0.0001 par value; 115,000,000 shares authorized; 3,025,502 and 2,416,021 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively
Additional paid-in capital 138,431 132,411
Accumulated deficit (137,669) (122,754)
Total shareholders’ equity 762 9,657
Total liabilities and shareholders’ equity $ 17,366 $ 26,089