Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 539,000 $ 6,915,000
Trade accounts receivable, net of allowance of $63 and $22, respectively 1,240,000 1,620,000
Prepaid expenses and other current assets 190,000 239,000
Inventories 1,241,000 7,213,000
Total current assets 3,210,000 15,987,000
Inventories, net 1,136,000
Property and equipment, net 1,446,000 889,000
Intangible assets, net 2,651,000 3,187,000
Goodwill 6,163,000 6,163,000
Other long-term assets 35,000 35,000
Total assets 14,641,000 26,261,000
Current liabilities:    
Accounts payable 1,732,000 658,000
Accrued liabilities 2,682,000 3,183,000
Debt - related party 2,356,000
Debt 605,000 7,012,000
Derivative liabilities, current portion 896,000 3,137,000
Total current liabilities 8,271,000 13,990,000
Deferred rent 179,000 319,000
Other long-term liabilities 288,000 189,000
Derivative liabilities, net of current portion 461,000 528,000
Total liabilities 9,199,000 15,026,000
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Convertible preferred stock, $0.01 par value, 130,000,000 shares authorized; no shares issued and outstanding.
Common stock, $0.01 par value, 250,000,000 shares authorized, 3,028,065 and 2,280,407 shares issued and outstanding at December 31, 2017 and 2016, respectively. 30,000 22,000
Additional paid-in capital 226,041,000 222,513,000
Accumulated deficit (220,629,000) (211,300,000)
Total stockholders’ equity 5,442,000 11,235,000
Total liabilities and stockholders’ equity $ 14,641,000 $ 26,261,000