Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 3,990,000 $ 1,059,000
Prepaid and other current assets 378,000 728,000
Accounts and retention receivable, net 3,351,000 83,000
Note receivable 211,000 0
Contract asset 1,244,000 0
Total current assets 9,174,000 1,870,000
Prepaid expenses - non-current 215,000 0
Property and equipment, net 3,012,000 3,129,000
Intangible assets, net 1,269,000 1,382,000
Right-of-use assets 1,878,000 1,701,000
Deferred debt issuance costs 292,000 1,306,000
Other assets 160,000 139,000
TOTAL ASSETS 16,000,000 9,527,000
Current liabilities:    
Accounts payable 2,215,000 1,500,000
Accrued expenses 898,000 1,194,000
Lease liabilities - current portion 735,000 655,000
Notes payable - Current 636,000 429,000
Contract liabilities 1,260,000 0
Total current liabilities 5,744,000 3,778,000
Notes payable - non-current 296,000 0
Lease liabilities - non-current portion 1,178,000 1,072,000
Total liabilities 7,218,000 4,850,000
Commitments and Contingencies (Note 12)
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Common stock, par value $0.0001; 800,000,000 shares authorized; 3,307,872 and 171,677 shares outstanding as of June 30, 2024 and December 31, 2023, respectively 0 7,000
Additional paid-in capital 135,418,000 121,665,000
Accumulated deficit (126,636,000) (116,995,000)
Total stockholders’ equity 8,782,000 4,677,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 16,000,000 9,527,000
Series A Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series B Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series C Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series D Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series E preferred stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series F preferred stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series F-1 Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series F-2 Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value $ 0 $ 0