Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 12,200 $ 30,630
Restricted cash 41 139
Short-term investments 0 9,816
Accounts receivable, net 4,680 1,606
Inventory 2,036 1,307
Prepaid expenses and other current assets 4,058 6,255
Current assets held for sale 118 0
Total current assets 23,133 49,753
Property and equipment, net 5,709 15,627
Operating lease, right-of-use assets, net 1,739 2,365
Goodwill 5,214 6,286
Intangible assets, net 2,973 5,398
Security deposits 99 99
Total assets 38,867 79,528
Current liabilities    
Accounts payable 2,635 2,354
Accrued expenses and other liabilities 3,875 5,950
Current portion of long-term debt 650 0
Operating lease liabilities, current 864 719
Finance lease liability, current 64 0
Other financing obligations, current 44 0
Deferred revenue 1,773 972
Total current liabilities 9,905 9,995
Operating lease liabilities, net of current portion 979 1,715
Deferred tax liabilities, net 52 27
Finance lease liability, net of current portion 245 0
Other financing obligations, net of current portion 432 0
Long-term debt, net of current portion 426 0
Total liabilities 12,039 11,737
Commitments and contingencies
Stockholders’ equity    
Preferred stock ($0.0001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2023 and 2022, respectively) 0 0
Common stock ($0.0001 par value; 120,000,000 shares authorized; 6,597,409 and 6,180,646 shares issued and outstanding as of December 31, 2023 and 2022, respectively) (1) [1] 1 5
Additional paid-in capital 204,230 201,362
Accumulated deficit (176,943) (133,032)
Accumulated other comprehensive loss (460) (544)
Total stockholders’ equity 26,828 67,791
Total liabilities and stockholders’ equity $ 38,867 $ 79,528
[1] Retroactively adjusted shares issued and outstanding to give effect to the Company's 1-for-8 reverse stock split. See Note 2.