Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 5,101 $ 1,646
Accounts receivable 4,243 1,190
Employee retention credit receivable 2,000
Inventories 9,017 9,094
Prepaid expenses 4,006 358
Income taxes receivable 787 2,357
Total current assets 25,154 14,645
Other assets:    
Operating lease right-of-use assets, net 914 1,563
Property and equipment, net 1,019 1,497
Deposits 93 94
Total assets 27,180 17,799
Current liabilities    
Accounts payable 328 311
Customer deposits 897 703
Accrued liabilities and other current liabilities 1,206 1,142
Current portion of operating lease liabilities 721 670
Current portion of notes payable 242 267
Current portion of PPP loan payable 1,429
Total current liabilities 3,394 4,522
Notes payable, net of current portion 268 510
Operating lease liabilities, net of current portion 268 990
PPP loan payable, net of current portion 286
Total liabilities 3,930 6,308
Commitments and Contingencies  
Stockholders’ Equity    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0001 par value, 50,000,000 shares authorized, 12,805,680 shares issued and 12,788,203 shares outstanding on December 31, 2021, and 11,768,158 shares issued and 11,750,681 shares outstanding on December 31, 2020 1 1
Additional paid-in capital 36,816 23,643
Accumulated deficit (13,527) (12,113)
Treasury Stock, at cost (17,477 shares) (40) (40)
Total stockholders’ equity 23,250 11,491
Total liabilities and stockholders’ equity $ 27,180 $ 17,799