v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 4,272 $ 4,883
Accounts receivable, net of allowance for doubtful accounts and sales returns of $0.1 million and $0.2 million as of March 31, 2022 and December 31, 2021, respectively 3,761 2,575
Inventory 23,147 23,888
Prepaid expenses and other current assets 6,544 6,887
Total current assets 37,724 38,233
Property and equipment, net 753 496
Right of use assets - operating leases 4,786 0
Intangible assets, net 11,274 11,537
Other assets 160 122
Total assets 54,697 50,388
Current liabilities:    
Accounts payable 4,541 4,040
Accrued liabilities 5,546 6,762
Contract liabilities 12,767 12,127
Short-term early exercise stock option liabilities 774 922
Lease Liabilities, Current 1,489  
Line of credit 3,000 0
Total current liabilities 28,117 23,851
Lease liabilities, non-current 3,485  
Early exercise stock option liability 658 839
Other liabilities 2,085 2,216
Total liabilities 34,345 26,906
Stockholders' deficit:    
Common stock, par value $0.0001 per share; 300,000,000 shares authorized as of March 31, 2022 and December 31, 2021, 13,213,378 and 13,214,612, shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 1 2
Preferred stock, par value $0.0001 per share; 10,000,000 shares authorized as of March 31, 2022 and December 31, 2021, zero shares issued and outstanding as of March 31, 2022 and December 31, 2021
Treasury stock (168,750 shares outstanding as of March 31, 2022 and December 31, 2021) (7) (7)
Additional paid-in capital 96,319 95,207
Accumulated deficit (75,961) (71,720)
Total stockholders' equity 20,352 23,482
Total liabilities and stockholders' equity $ 54,697 $ 50,388

Source