Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 20,338 $ 22,563
Accounts receivable 18 109
Inventory 700 496
Prepaid expenses and other current assets 1,347 793
Total current assets 22,403 23,961
Fixed assets, net 1,366 1,428
Right-of-use assets 643 687
Other non-current assets 13 13
Total assets 24,425 26,089
Current liabilities:    
Accounts payable and accrued expenses 1,992 2,584
Operating lease liabilities - current 296 307
Other current liabilities 8 10
Current portion of long-term debt, net of unamortized debt discount of $274 and $271, respectively 1,083 431
Total current liabilities 3,379 3,332
Contingent royalty obligation 1,731 1,760
Operating lease liabilities - non-current 346 385
Convertible note, net of unamortized debt discount of $153 and $166, respectively 3,847 3,834
Long-term debt, net of unamortized debt discount of $268 and $317, respectively 6,515 7,121
Total liabilities 15,818 16,432
Shareholders’ equity    
Common stock $0.0001 par value; 115,000,000 shares authorized; 55,059,891 and 48,320,986 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 6 5
Additional paid-in capital 136,166 132,406
Accumulated deficit (127,565) (122,754)
Total shareholders’ equity 8,607 9,657
Total liabilities and shareholders’ equity $ 24,425 $ 26,089