Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash $ 13,350 $ 32
Accounts receivable, net 209 73
Inventory 291 233
Prepaid expenses and other current assets 77 25
Total current assets 13,927 363
Goodwill 311 311
Intangibles 33 47
Property and equipment, net 723 553
Operating lease - right of use asset 1,926 805
Other assets 63 178
Total assets 16,983 2,257
Current Liabilities:    
Accounts payable 254 658
Accrued expenses and other current liabilities 62 90
Deferred Revenue 0 38
Convertible notes payable 2,037 59
Note payable, current portion 10 10
Note payable - PPP 0 147
Warrant liability 318 123
Operating lease liability, current portion 207 207
Total current liabilities 2,888 1,332
Operating lease liability, net of current portion 1,744 598
Notes payable, net of current portion 266 256
Total liabilities 4,898 2,186
Commitments and Contingencies (Note 17)
Preferred Stock, par value $0.001 per share, 5,000,000 shares authorized, no shares issued and outstanding 0 0
Common Stock, par value $0.001 per share, 750,000,000 shares authorized; 5,572,234 and 2,838,047 shares issued and outstanding as of December 31, 2021 and 2020, respectively 6 3
Additional paid-in capital 18,891 2,570
Accumulated deficit (6,812) (2,502)
Total stockholders' equity 12,085 71
Total liabilities and stockholders' equity $ 16,983 $ 2,257