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
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and restricted cash $ 5,242 $ 6,493
Accounts receivable, net of allowances of $36 and $33, respectively 4,533 7,238
Inventories 5,439 4,571
Prepaid expenses and other current assets 760 541
Total current assets 15,974 18,843
Property and equipment, net 1,435 1,577
Right-of-use assets 730 788
Intangible assets, net 4,235 4,580
Goodwill 431 431
Other assets 362 433
Total assets 23,167 26,652
Current liabilities:    
Accounts payable 1,448 1,552
Accrued liabilities 1,760 2,352
Deferred revenues, current 1,808 1,956
Notes payable, current 1,250 1,250
Lease liabilities, current 448 427
Total current liabilities 6,714 7,537
Deferred revenues 1,689 1,920
Notes payable, net 3,335 3,854
Lease liabilities 358 452
Warrant liabilities 0 1
Other non-current liabilities 141 181
Total liabilities 12,237 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 June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value; 141,429 shares authorized; 2,605 and 1,480 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 36 22
Additional paid-in capital 267,878 262,203
Accumulated other comprehensive (loss) income (683) 957
Accumulated deficit (256,301) (250,475)
Total stockholders’ equity 10,930 12,707
Total liabilities and stockholders’ equity $ 23,167 $ 26,652