Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 27,615 $ 54,109
Short-term investments 9,874 0
Accounts receivable, net 2,665 2,337
Inventory, net 9,303 4,938
Prepaid expenses and other current assets 1,723 508
Total current assets 51,180 61,892
Property and equipment, net 806 539
Operating lease rights of use 1,895 2,241
Software license inventory 450 519
Licensing rights 1,028 265
Other assets 131 125
Total assets 55,490 65,581
Current liabilities:    
Accounts payable 272 427
Accrued compensation 2,824 2,604
Other accrued liabilities 2,065 537
Operating lease liabilities, current portion 561 507
Deferred product and service revenue, current portion 1,066 678
Total current liabilities 6,788 4,753
Operating lease liabilities, net of current portion 1,532 1,939
Deferred product and service revenue, net of current portion 390 264
2020 senior secured convertible note payable, net 9,893 9,838
Total liabilities 18,603 16,794
Commitments and contingencies (Note 8)
Stockholders' Equity Attributable to Parent [Abstract]    
Preferred stock, $0.01 par value; 25,000,000 shares authorized at December 31, 2022 and 2021; none issued and outstanding at December 31, 2022 and 2021 0 0
Common stock, $0.01 par value; 200,000,000 shares authorized at December 31, 2022 and 2021; 24,578,983 and 23,665,991 shares issued and outstanding at December 31, 2022 and 2021, respectively 246 237
Additional paid-in capital 187,008 182,482
Accumulated deficit (150,367) (133,932)
Total stockholders’ equity 36,887 48,787
Total liabilities and stockholders’ equity $ 55,490 $ 65,581