Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 30,342 $ 17,740
Accounts receivable, net 51 273
Inventory 2,978  
Prepaid expenses and other current assets 3,346 2,395
Total current assets 36,717 20,135
Property, plant and equipment, net 5,052 4,821
Right-of-use asset 583 730
Intangible assets, net 24,254 26,400
Goodwill 2,127 2,127
Total assets 68,733 54,213
Current liabilities:    
Accounts payable 3,653 271
Accrued expenses and other current liabilities 4,993 3,532
Current portion of long-term debt, net 683  
Current portion of operating lease liability 333 318
Current portion of contingent consideration 8,467 3,592
Total current liabilities 18,129 7,713
Long-term debt, net 8,469  
Long-term operating lease liability 293 455
Warrant liability 65  
Long-term portion of contingent consideration 56,576 62,766
Total liabilities 83,532 70,934
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Preferred stock, $0.01 par value. Authorized, 10,000,000 shares; none issued and outstanding at December 31, 2020
Common stock, $0.01 par value. Authorized, 100,000,000 shares; issued and outstanding, 48,688,480 shares at December 31, 2020 and 9,350,709 shares at December 31, 2019 487 94
Additional paid-in capital 97,034 19,405
Accumulated deficit (112,320) (36,220)
Total shareholders’ equity (deficit) (14,799) (16,721)
Total liabilities and shareholders’ equity $ 68,733 $ 54,213