v3.25.3
Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 4,136 $ 10,391
Accounts receivable, net of allowance of $714 and $859, respectively 2,434 3,979
Inventory, net 10,566 8,114
Prepaid expenses and other current assets 770 683
Total current assets 18,075 23,311
Property and equipment, net of accumulated depreciation of $735 and $636, respectively 1,200 1,185
Intangible assets 650 644
Total assets 19,925 25,140
Current liabilities:    
Accounts payable 5,827 6,956
Accrued expenses 1,328 984
Senior secured loan, net of deferred financing costs of $90 and $329, respectively 9,160 9,571
Current portion of lease liabilities 48
Total current liabilities 16,363 17,655
Lease liabilities, less current portion 805 837
Total liabilities 17,168 18,492
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; 8,945,454 and 7,561,875 shares issued and outstanding, respectively. 1 1
Additional paid in capital 166,612 158,437
Accumulated deficit (163,950) (151,884)
Total stockholders’ equity 2,757 6,648
Total liabilities and stockholders’ equity 19,925 25,140
Related Party [Member]    
Current assets:    
Receivable from former related party 169 144
Current liabilities:    
Payable to former related party $ 144