Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.22.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 11,249 $ 54,585
Accounts receivable, net 544 1,060
Other receivables 1,306 3,739
Inventory, net 23 38
Prepaid expenses and other current assets 1,885 2,372
Restricted cash, current portion 14 51
Total current assets 15,021 61,845
Property and equipment, net 2,567 2,695
Other long-term asset 0 1,000
Intangible assets, net 0 38
Goodwill 14,409 14,409
Restricted cash, net of current portion 227 227
Total assets 32,224 80,214
Current liabilities:    
Accounts payable 2,164 3,369
Accrued expenses and other current liabilities 13,231 16,519
Total current liabilities 15,395 19,888
Notes payable, non-current 18,713 32,833
Royalty obligation 2,000 2,000
Deferred tax liability, net 128 113
Other long-term liabilities 1,939 2,298
Total liabilities 38,175 57,132
Stockholders’ (deficit) equity:    
Common stock—$0.001 par value; 200,000,000 shares authorized at June 30, 2022 and December 31, 2021; 9,405,724 and 9,399,517 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively [1] 9 9
Additional paid-in capital [1] 291,244 285,239
Accumulated deficit (297,204) (262,166)
Total stockholders’ (deficit) equity (5,951) 23,082
Total liabilities and stockholders’ (deficit) equity $ 32,224 $ 80,214
[1] Results have been retroactively adjusted to reflect the 1-for-12 reverse stock split effected on July 7, 2022