Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 3,691 $ 1,101
Marketable securities 612 5,508
Accounts receivable, net 950 222
Inventory 1,079 502
Prepaid expenses and other current assets 366 172
Total current assets 6,698 7,505
Goodwill 311 311
Intangibles, net 13 20
Property and equipment, net 1,413 721
Operating lease - right of use asset 1,967 1,737
Other assets 95 63
Total assets 10,497 10,357
Current Liabilities:    
Accounts payable 1,058 265
Accrued expenses and other current liabilities 202 130
Current portion of note payable 15 15
Warrant liability 165 242
Operating lease liability, current portion 232 207
Total current liabilities 1,672 859
Operating lease liability, net of current portion 1,819 1,593
Notes payable, net of current portion 265 268
Total liabilities 3,756 2,720
Commitments and Contingencies (Note 15)
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $0.001 per share, 5,000,000 shares authorized, no shares issued and outstanding
Common stock, par value $0.001 per share, 25,000,000 shares authorized; 5,696,064 and 5,577,916 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 6 6
Additional paid-in capital 19,242 19,189
Accumulated deficit (13,067) (11,558)
Total NexGel stockholders’ equity 6,181 7,637
Non-controlling interest in joint venture 560
Total stockholders’ equity 6,741 7,637
Total liabilities and stockholders’ equity $ 10,497 $ 10,357