Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 791 $ 64
Accounts receivable, net 60 5
Inventories, net 1,368 1,666
Prepaid expenses 94 23
Total current assets 2,313 1,758
Operating lease right of use asset 151 192
Deferred offering costs 95
Fixed assets, net 78 97
Intangible assets, net 739 896
Total assets 3,281 3,038
Current liabilities:    
Accounts payable 127 277
Accrued expenses and other current liabilities 4 230
Operating lease liabilities - current portion 62 46
Related party promissory note payable and accrued interest 661 1,159
Total current liabilities 854 1,712
Long-term liabilities:    
Note Payable PPP loan 310
Operating lease liabilities - net of current portion 95 146
Total liabilities 1,259 1,858
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 500,000 shares authorized; no shares issued and outstanding
Common stock, $0.001 par value; 15,000,000 shares authorized; 11,846,795 and 9,176,908 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 12 9
Additional paid-in capital 43,787 40,496
Accumulated deficit (41,777) (39,325)
Total stockholders’ equity 2,022 1,180
Total liabilities and stockholders’ equity $ 3,281 $ 3,038