Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
 [1]
Current assets:    
Cash and cash equivalents $ 23,652 $ 20,819
Accounts receivable 181 35
Inventory 515 805
Prepaid expenses and other current assets 530 448
Total current assets 24,878 22,107
Fixed assets, net 1,438 1,178
Right-of-use assets 749 766
Other non-current assets 13 13
Total assets 27,078 24,064
Current liabilities:    
Accounts payable and accrued expenses 2,337 2,333
Operating lease liabilities - current 300 238
Other current liabilities 9 60
Term debt, net of debt discount of $0 and $21, respectively 7,979
Total current liabilities 2,646 10,610
Contingent royalty obligation 1,769 1,617
Operating lease liabilities - non-current 457 547
Convertible note, net of unamortized debt discount of $182 and $0, respectively 3,818
Long-term debt, net of unamortized debt discount of $480 and $0, respectively 4,608
Total liabilities 13,298 12,774
Commitments and contingent liabilities (Note 9)
Shareholders’ equity    
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; 48,241,188 and 32,272,309 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 5 3
Additional paid-in capital 131,711 115,008
Accumulated deficit (117,936) (103,721)
Total shareholders’ equity 13,780 11,290
Total liabilities and shareholders’ equity $ 27,078 $ 24,064
[1] Derived from audited consolidated financial statements