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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 17,342 $ 19,497
Accounts receivable, net of allowance for doubtful accounts of $43 at September 30, 2022 and $6 at December 31, 2021 1,554 1,393
Inventories 5,047 4,601
Prepaid expenses and other current assets 652 300
Total current assets 24,595 25,791
Right of use asset 2,449 3,179
Property and equipment, net 574 95
Other assets 333 420
Total assets 27,951 29,485
Current liabilities:    
Accounts payable 612 1,394
Accrued compensation 1,344 1,609
Series A preferred stock dividends payable 3,382 0
Accrued expenses and other current liabilities 669 718
Leasehold liability, current portion 1,065 985
Total current liabilities 7,072 4,706
Borrowings, long-term portion 13,668 12,287
Leasehold liability, long-term portion 1,384 2,194
Other long-term liabilities 881 575
Total liabilities 23,005 19,762
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Convertible preferred stock issuable in series, par value of $0.001; Shares authorized: 5,000,000 at September 30, 2022 and December 31, 2021; Shares issued and outstanding: 56,451 at September 30, 2022 and December 31, 2021; aggregate liquidation preference of $56,366 at September 30, 2022 and December 31, 2021 0 0
Common stock, par value of $0.001; Shares authorized: 100,000,000 at September 30, 2022 and December 31, 2021; Shares issued and outstanding: 7,435,644 and 4,778,263 at September 30, 2022 and December 31, 2021, respectively 7 96
Additional paid-in capital 403,133 394,380
Accumulated deficit (398,194) (384,753)
Total stockholders’ equity 4,946 9,723
Total liabilities and stockholders’ equity $ 27,951 $ 29,485