Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 54,109 $ 20,099
Accounts receivable, net 2,337 1,881
Inventory, net 4,938 3,238
Prepaid expenses and other current assets 508 244
Total current assets 61,892 25,462
Property and equipment, net 539 319
Operating lease rights of use 2,241 2,736
Software license inventory 519 589
Licensing rights 265 353
Other assets 125 59
Total assets 65,581 29,518
Current liabilities:    
Accounts payable 427 300
Accrued compensation 2,604 1,595
Other accrued liabilities 537 349
Operating lease liabilities, current portion 507 394
Deferred product and service revenue, current portion 678 562
Total current liabilities 4,753 3,200
Operating lease liabilities, net of current portion 1,939 2,446
Deferred product and service revenue, net of current portion 264 215
2020 senior secured convertible notes payable, net 9,838 21,280
Total liabilities 16,794 27,141
Commitments and contingencies (Note 7)
Stockholders' Equity Attributable to Parent [Abstract]    
Preferred stock, $0.01 par value; 25,000,000 shares authorized at December 31, 2021 and 2020; none issued and outstanding at December 31, 2021 and 2020 0 0
Common stock, $0.01 par value; 200,000,000 shares authorized at December 31, 2021 and 2020; 23,665,991 and 17,047,584 shares issued and outstanding at December 31, 2021 and 2020, respectively 237 170
Additional paid-in capital 182,482 121,729
Accumulated deficit (133,932) (119,522)
Total stockholders’ equity 48,787 2,377
Total liabilities and stockholders’ equity $ 65,581 $ 29,518