v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash $ 4,580 $ 10,424
Accounts receivable, net of allowance of $982 and $980, respectively 2,912 2,317
Inventory, net 8,048 8,046
Prepaid expenses and other current assets 1,307 673
Total current assets 16,847 21,460
Property and equipment, net of accumulated depreciation of $827 and $785, respectively 1,189 1,231
Intangible assets 650 650
Total assets 18,686 23,341
Current liabilities:    
Accounts payable 5,062 3,496
Accrued expenses 878 669
Deferred revenue 17
Senior secured loan, net of deferred financing costs of $45 and $68, respectively 9,205 9,182
Current portion of lease liabilities 33 40
Total current liabilities 15,195 13,387
Lease liabilities, less current portion 799 803
Total liabilities 15,994 14,190
Commitments and Contingencies
Stockholders’ equity:    
Series A Convertible Preferred stock, $10 par value, 500,000 shares authorized, 9,411 shares issued and outstanding 94 94
Common stock, $.0001 par value, 60,000,000 shares authorized; 11,820,429 and 11,820,429 shares issued and outstanding, respectively 5 5
Additional paid in capital 176,788 176,783
Accumulated deficit (174,195) (167,731)
Total stockholders’ equity 2,692 9,151
Total liabilities and stockholders’ equity $ 18,686 $ 23,341