v3.25.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 10,311 $ 6,535
Accounts receivable, net 886 863
Inventory, net 607 606
Prepaid expenses and other current assets 186 206
Total current assets 11,990 8,210
Property and equipment, net 698 752
Deposits 51 51
Operating lease right-of-use asset 334 399
Deferred offering costs 321 431
TOTAL ASSETS 13,394 9,843
Current liabilities:    
Accounts payable 496 369
Accrued expenses 911 910
Current portion of accrued commissions 493 303
Current portion of operating lease liability 295 287
Total current liabilities 2,195 1,869
Accrued commissions, net of current portion 1,758 1,862
Operating lease liability, net of current portion 65 141
Total liabilities 4,018 3,872
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.001 par value; 130,000,000 shares authorized at March 31, 2025 and December 31, 2024; 7,589,965 and 3,138,804 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 8 3
Additional paid-in capital 77,978 70,962
Accumulated deficit (72,362) (68,746)
Total stockholders’ equity 9,376 5,971
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 13,394 9,843
Series A Convertible Preferred Stock    
Stockholders’ equity:    
Convertible preferred stock, value 3,300 3,300
Series B Convertible Preferred Stock    
Stockholders’ equity:    
Convertible preferred stock, value $ 452 $ 452