Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,566 $ 4,181
Accounts receivable, less allowance of $244 and $2,164 as of December 31, 2023 and 2022, respectively 5,483 5,841
Inventory 11,433 15,884
Prepaid expenses and other current assets 1,381 3,053
Total current assets 24,863 28,959
Property, plant, and equipment, net 5,525 4,278
Goodwill 2,926 2,926
Right-of-use assets, leases 1,519 1,768
Other assets 268 255
Total assets 35,101 38,186
Current liabilities:    
Accounts payable 6,065 5,786
Accrued liabilities 8,881 9,210
Deferred revenue, current portion 2,452 2,111
Current portion of term loans, net of discount 2,265 700
Total current liabilities 19,663 17,807
Deferred revenue 256 418
Warranty accrual 593 360
Non-current term loans, net of discount 11,782 13,091
Non-current operating lease liability 772 1,259
Other liabilities 79 362
Total liabilities 33,145 33,297
Mezzanine Equity    
Total mezzanine equity 2,203 0
Commitments and contingencies —Note 7
Stockholders' equity:    
Common stock, par value $0.001 per share; 180,000 shares authorized, 3,416 and 77 shares issued and outstanding as of December 31, 2023 and 2022, respectively 3 0
Additional paid-in capital, common stock 317,103 301,790
Accumulated other comprehensive loss (553) (733)
Accumulated deficit (316,800) (296,168)
Total stockholders' equity (247) 4,889
Total liabilities, convertible redeemable preferred stock and stockholders' equity (deficit) 35,101 38,186
Series H Convertible Redeemable Preferred Stock    
Mezzanine Equity    
Preferred stock Value 346 0
Series J Convertible Redeemable Preferred Stock    
Mezzanine Equity    
Preferred stock Value $ 1,857 $ 0