Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 37,144,000 $ 58,705,000
Restricted cash 75,000 50,000
Tax credit receivable 716,000
Prepaid expenses and other current assets 2,243,000 568,000
Total current assets 40,178,000 59,323,000
Property and equipment, net 342,000 453,000
Deposits 46,000 46,000
Operating lease right-of-use assets, net (including $99 and $153 to related party) 274,000 478,000
Goodwill 19,092,000
Total assets 40,840,000 79,392,000
Current liabilities:    
Accounts payable and accrued expenses 976,000 1,297,000
Current maturities of finance lease liabilities 7,000 27,000
Current maturities of operating lease liabilities (including $59 and $53 to related party) 233,000 209,000
Derivative liabilities 12,000
Total current liabilities 1,216,000 1,545,000
Long-term liabilities:    
Finance lease liabilities 7,000
Operating lease liabilities (including $42 and $101 to related party) 57,000 291,000
Total long-term liabilities 57,000 298,000
Total liabilities 1,273,000 1,843,000
Commitments and contingencies
Stockholders’ equity:    
Common stock $0.001 par value; 150,000 shares authorized as of December 31, 2022 and December 31, 2021, respectively; 8,143 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 8,000 8,000
Additional paid-in capital 337,489,000 336,634,000
Accumulated deficit (297,930,000) (259,093,000)
Total stockholders’ equity 39,567,000 77,549,000
Total liabilities and stockholders’ equity $ 40,840,000 $ 79,392,000