Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 821 $ 6,130
Prepaid and other current assets 590 687
Total current assets 1,411 6,817
Property and equipment, net 1,409 895
Intangible assets, net 1,598 1,761
Right of use asset 1,842
Deferred debt issuance costs 150
Other assets 180 179
TOTAL ASSETS 6,590 9,652
Current liabilities:    
Accounts payable 865 358
Accrued expenses 621 298
Lease liability - current portion 574
Warrant liability 972
Notes payable at fair value 1,654
Notes payable 8 8
Total current liabilities 4,694 664
Lease liability 1,366
Total liabilities 6,060 664
Commitments and Contingencies (Note 12)
STOCKHOLDERS’ EQUITY:    
Preferred stock, par value $0.0001; 50,000,000 shares authorized, no shares outstanding
Series A preferred stock, par value $0.0001; 300 shares authorized, 251 shares outstanding as of December 31, 2022 and 2021
Series B preferred stock, par value $0.0001; 1,500 shares authorized, 1,443 shares outstanding as of December 31, 2022 and 2021
Series C preferred stock, par value $0.0001; 600,000 shares authorized, 500,756 shares outstanding as of December 31, 2022 and 2021
Series D preferred stock, par value $0.0001; 7,000 shares authorized, 1,058 shares issued and outstanding as of December 31, 2022; liquidation preference $1,113 as of December 31, 2022; No shares authorized, or outstanding, and no liquidation preference as of December 31, 2021
Common stock, par value $0.0001; 800,000,000 shares authorized; 20,243,509 and 14,530,126 shares outstanding as of December 31, 2022 and 2021, respectively 2 1
Additional paid-in capital 88,533 82,677
Accumulated deficit (88,005) (73,690)
Total stockholders’ equity 530 8,988
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 6,590 $ 9,652