v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 1,774,000 $ 2,021,000
Accounts receivable, net 2,204,000 375,000
Inventories, net 2,216,000 2,379,000
Prepaid expenses and other current assets 1,224,000 1,514,000
Total current assets 7,418,000 6,289,000
Property and equipment, net 72,000 75,000
Equity method investment 19,106,000 18,828,000
Right of use assets 2,646,000 2,799,000
Investment in convertible bond 19,427,000 19,971,000
Other assets 277,000 263,000
Total assets 48,946,000 48,225,000
CURRENT LIABILITIES    
Accounts payable and accrued expenses 14,423,000 13,549,000
Operating lease liabilities, current portion 722,000 703,000
Conversion feature derivative, notes payable 3,159,000 3,248,000
Other current liabilities 13,972,000 12,917,000
Warrant derivative liabilities 85,000 70,000
Notes payable, current portion, net of discount 8,325,000 6,814,000
Notes payable to related parties 2,482,000 2,367,000
Convertible notes payable, net of discount 14,687,000 14,655,000
Total current liabilities 57,855,000 54,323,000
Operating lease liabilities, less current portion 2,362,000 2,553,000
Other long-term liabilities 20,256,000 21,714,000
Notes payable, less current portion 0 380,000
Notes payable to related parties, net 3,426,000 3,346,000
Convertible notes payable to related parties 1,000,000  
Total liabilities 84,899,000 82,316,000
STOCKHOLDERS’ DEFICIT    
Common stock, par value $0.001 per share, 250,000,000 shares authorized, 50,934,852 and 49,583,501 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 51,000 50,000
Additional paid-in capital 222,878,000 220,815,000
Accumulated other comprehensive loss (2,977,000) (2,619,000)
Accumulated deficit (255,905,000) (252,337,000)
Total stockholders’ deficit (35,953,000) (34,091,000)
Total liabilities & stockholders’ deficit $ 48,946,000 $ 48,225,000

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL