Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and restricted cash $ 8,054 $ 6,493
Accounts receivable, net of allowances of $53 and $33, respectively 6,457 7,238
Inventories 4,962 4,571
Prepaid expenses and other current assets 595 541
Total current assets 20,068 18,843
Property and equipment, net 1,450 1,577
Right-of-use assets 687 788
Intangible assets, net 4,317 4,580
Goodwill 431 431
Other assets 357 433
Total assets 27,310 26,652
Current liabilities:    
Accounts payable 1,999 1,552
Accrued liabilities 2,966 2,352
Deferred revenues, current 1,913 1,956
Notes payable, current 1,250 1,250
Lease liabilities, current 425 427
Total current liabilities 8,553 7,537
Deferred revenues 1,959 1,920
Notes payable, net 3,597 3,854
Lease liabilities 345 452
Warrant liabilities 0 1
Other non-current liabilities 164 181
Total liabilities 14,618 13,945
Commitments and Contingencies (Note 14)
Stockholders’ equity:    
Convertible preferred stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value; 141,429 shares authorized; 28,197 and 22,203 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 28 22
Additional paid-in capital 265,832 262,203
Accumulated other comprehensive income 424 957
Accumulated deficit (253,592) (250,475)
Total stockholders’ equity 12,692 12,707
Total liabilities and stockholders’ equity $ 27,310 $ 26,652