Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.22.2.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,647 $ 15,891
Accounts receivable, net 313 542
Inventory 4,477 5,002
Prepaid expenses and other current assets 832 2,059
Total current assets 11,269 23,494
Property and equipment, net 1,239 5,015
Intangible assets, net 2,000 21,678
Goodwill 2,127 2,127
Other long-term assets 875 963
Total assets 17,510 53,277
Current liabilities:    
Accounts payable 3,609 1,468
Accrued expenses and other current liabilities 3,319 5,540
Current portion of long-term debt, net 5,911 2,222
Current portion of contingent consideration 8,436 6,416
Total current liabilities 21,275 15,646
Long-term debt, net 2,175 6,309
Long-term portion of contingent consideration 12,972 17,446
Other long-term liabilities 628 650
Total liabilities 37,050 40,051
Commitments and contingencies (Note 12)
Shareholders' (deficit) equity:    
Preferred stock, $0.01 par value. Authorized, 10,000,000 shares; issued and outstanding, 20,003.745 shares at September 30, 2022 (all of which shares were issued on October 3, 2022 pursuant to a stock dividend) and 8289 shares at December 31, 2021 0 0
Common stock, $0.01 par value. Authorized, 190,000,000 shares; issued and outstanding, 20,003,745 shares at September 30 2022 and 2,807,239 shares at December 31, 2021 200 28
Additional paid-in capital 161,914 145,287
Accumulated deficit (181,654) (132,089)
Total shareholders' (deficit) equity (19,540) 13,226
Total liabilities and shareholders' (deficit) equity $ 17,510 $ 53,277