Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 26,379 $ 20,819 [1]
Accounts receivable 73 35 [1]
Inventory 706 805 [1]
Prepaid expenses and other current assets 859 448 [1]
Total current assets 28,017 22,107 [1]
Fixed assets, net 1,451 1,178 [1]
Right-of-use assets 712 766 [1]
Other non-current assets 13 13 [1]
Total assets 30,193 24,064 [1]
Current liabilities:    
Accounts payable and accrued expenses 2,150 2,333 [1]
Operating lease liabilities - current 261 238 [1]
Other current liabilities 7 60 [1]
Term debt, net of debt discount of $17 and $21, respectively 7,983 7,979 [1]
Total current liabilities 10,401 10,610 [1]
Contingent royalty obligation 1,734 1,617 [1]
Operating lease liabilities - non-current 467 547 [1]
Total liabilities 12,602 12,774 [1]
Commitments and contingent liabilities (Note 9)  
Shareholders’ equity    
Preferred Stock $0.0001 par value; 10,000,000 shares authorized; zero shares issued and outstanding [1]
Common Stock $0.0001 par value; 115,000,000 shares authorized; 48,241,188 and 32,272,309 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 5 3 [1]
Additional paid-in capital 130,698 115,008 [1]
Accumulated deficit (113,112) (103,721)
Total shareholders’ equity 17,591 11,290 [1]
Total liabilities and shareholders’ equity $ 30,193 $ 24,064 [1]
[1] Derived from audited consolidated financial statements