Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 409,000 $ 539,000
Trade accounts receivable, net of allowance of $37 and $22, respectively 1,571,000 1,240,000
Prepaid expenses and other current assets 379,000 190,000
Inventories, net 1,231,000 1,241,000
Total current assets 3,590,000 3,210,000
Inventories, net 1,130,000 1,136,000
Property and equipment, net 1,332,000 1,446,000
Intangible assets, net 2,567,000 2,651,000
Goodwill 6,163,000 6,163,000
Other long-term assets 35,000 35,000
Total assets 14,817,000 14,641,000
Current liabilities:    
Accounts payable 2,025,000 1,732,000
Accrued liabilities 1,110,000 2,682,000
Debt – related party 2,418,000 2,356,000
Debt 2,095,000 605,000
Derivative liabilities, current portion 301,000 896,000
Total current liabilities 7,948,000 8,271,000
Deferred rent 139,000 179,000
Other long-term liabilities 287,000 288,000
Derivative liabilities, net of current portion 457,000 461,000
Total liabilities 8,832,000 9,199,000
Commitments and contingencies
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, 4,276,844 and 3,028,065 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively. 43,000 30,000
Additional paid-in capital 229,971,000 226,041,000
Accumulated deficit (224,028,000) (220,629,000)
Total stockholders’ equity 5,986,000 5,442,000
Total liabilities and stockholders’ equity $ 14,817,000 $ 14,641,000