• Filing Date: 2020-11-03
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 11,254 $ 9,426
Restricted cash 32 33
Accounts receivable, net 15,628 19,331
Prepaid expenses and other current assets 3,177 2,565
Inventory (Note 7) 2,522 1,390
Total current assets 32,613 32,745
NON-CURRENT ASSETS:    
Property and equipment, net 1,582 940
Right of use assets, net 791 1,107
Intangible asset, net (Note 8) 13,327 14,783
Deferred tax asset 767 734
TOTAL ASSETS 49,080 50,309
CURRENT LIABILITIES:    
Accounts payable 5,356 7,077
Accrued expenses 3,475 4,716
Notes payable 1,185  
Finance lease obligations 219 255
Total current liabilities 10,235 12,048
NON-CURRENT LIABILITIES:    
Note payable, net of discount (Note 10) 42,459 38,658
Finance lease obligations — less current portion 452 94
Other non-current liabilities 3,567 3,954
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT:    
Common stock, $.01 par value — 150,000,000 shares authorized, 5,131,744 shares issued and outstanding at September 30, 2020 and 4,965,949 shares issued and outstanding at December 31, 2019 51 50
Additional paid-in capital 352,728 350,117
Common stock warrants 3,707 3,707
Accumulated deficit (391,932) (387,570)
Accumulated other comprehensive loss (888) (1,093)
TOTAL STOCKHOLDERS’ DEFICIT (7,633) (4,445)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 49,080 50,309
Series A convertible preferred stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock 19,227 19,227
Series C convertible preferred stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock $ 9,474 $ 11,117