• Filing Date: 2020-08-04
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 13,496 $ 9,426
Restricted cash 31 33
Accounts receivable, net 14,034 19,331
Prepaid expenses and other current assets 2,942 2,565
Inventory (Note 7) 1,968 1,390
Total current assets 32,471 32,745
NON-CURRENT ASSETS:    
Property and equipment, net 1,205 940
Right of use assets, net 867 1,107
Intangible asset, net (Note 8) 13,816 14,783
Deferred tax asset 735 734
TOTAL ASSETS 49,094 50,309
CURRENT LIABILITIES:    
Accounts payable 5,884 7,077
Accrued expenses 3,140 4,716
Notes payable 889  
Finance lease obligations 226 255
Total current liabilities 10,139 12,048
NON-CURRENT LIABILITIES:    
Note payable, net of discount (Note 10) 42,510 38,658
Finance lease obligations — less current portion 311 94
Other non-current liabilities 3,664 3,954
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT:    
Common stock, $.01 par value — 150,000,000 shares authorized, 5,031,745 shares issued and outstanding at June 30, 2020 and 4,965,949 shares issued and outstanding at December 31, 2019 50 50
Additional paid-in capital 350,769 350,117
Common stock warrants 3,707 3,707
Accumulated deficit (391,314) (387,570)
Accumulated other comprehensive loss (1,086) (1,093)
TOTAL STOCKHOLDERS’ DEFICIT (7,530) (4,445)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 49,094 50,309
Series A convertible preferred stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock 19,227 19,227
Series C convertible preferred stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock $ 11,117 $ 11,117