v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 1,612 $ 7,008
Accounts receivable, net of allowance for doubtful accounts and sales returns of $0.7 million and $0.2 million as of September 30, 2021 and December 31, 2020, respectively 2,886 1,505
Inventory 22,371 11,880
Prepaid expenses and other current assets 4,463 3,046
Total current assets 31,332 23,439
Property and equipment, net 826 654
Intangible assets, net 9,834 0
Other assets 2,209 131
Total assets 44,201 24,224
Current liabilities:    
Accounts payable 5,482 3,673
Accrued liabilities 6,136 4,759
Contract liabilities 10,995 8,691
Current portion of long-term debt 1,205 1,526
Line of credit 5,500 0
Total current liabilities 29,318 18,649
Deferred rent 139 223
Warrant liabilities 3,746 1,067
Paycheck Protection Program note payable 0 1,364
Long-term debt, net 0 812
Early exercise stock option liability 1,974 0
Other liabilities 1,433 496
Total liabilities 36,610 22,611
Commitments and contingencies (Note 11)
Redeemable convertible preferred stock, $0.0001 par value, 80,083,782 and 71,512,354 shares authorized, 8,384,906 and 7,266,986 shares issued and outstanding, aggregate liquidation preference of $87,385 and $71,746 as of September 30, 2021 and December 31, 2020, respectively 68,884 56,462
Stockholders' deficit:    
Common stock, $0.0001 par value, 115,490,000 and 106,910,000 shares authorized as of September 30, 2021 and December 31, 2020, respectively, 3,153,906 and 945,794, shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 2 1
Treasury stock (168,750 shares outstanding as of both September 30, 2021 and December 31, 2020) (7) (7)
Additional paid-in capital 4,854 2,229
Accumulated deficit (66,142) (57,072)
Total stockholders' deficit (61,293) (54,849)
Total liabilities, redeemable convertible preferred stock, and stockholders' deficit $ 44,201 $ 24,224

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