Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 4,914 $ 4,883
Accounts receivable, net of allowance for doubtful accounts and sales returns of $0.2 million and $0.2 million as of June 30, 2022 and December 31, 2021, respectively 4,414 2,575
Inventory 26,443 23,888
Prepaid expenses and other current assets 5,362 6,887
Total current assets 41,133 38,233
Property and equipment, net 570 496
Right of use lease assets 4,401 0
Intangible assets, net 11,443 11,537
Other assets 127 122
Total assets 57,674 50,388
Current liabilities:    
Accounts payable 3,568 4,040
Accrued liabilities 6,332 6,762
Contract liabilities 13,577 12,127
Early exercise stock option liability, current 678 922
Lease liabilities, current 1,378 0
Line of credit 6,500 0
Short-term advances 2,620 0
Total current liabilities 34,653 23,851
Lease liabilities, non-current 3,200  
Early exercise stock option liability, non-current 524 839
Other liabilities 2,078 2,216
Total liabilities 40,455 26,906
Stockholders' deficit:    
Common stock, par value $0.0001 per share; 300,000,000 shares authorized as of June 30, 2022 and December 31, 2021, 13,280,402 and 13,214,612, shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 1 2
Preferred stock, par value $0.0001 per share; 10,000,000 shares authorized as of June 30, 2022 and December 31, 2021, zero shares issued and outstanding as of June 30, 2022 and December 31, 2021 0 0
Treasury stock (168,750 shares outstanding as of June 30, 2022 and December 31, 2021) (7) (7)
Additional paid-in capital 97,169 95,207
Accumulated deficit (79,944) (71,720)
Total stockholders' equity 17,219 23,482
Total liabilities and stockholders' equity $ 57,674 $ 50,388