v3.22.2.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 363 $ 5,101
Accounts receivable 1,216 4,243
Inventories 15,625 9,017
Prepaid expenses 4,328 4,006
Employee retention credit receivable 2,000 2,000
Income taxes receivable 787 787
Total current assets 24,319 25,154
Other assets:    
Operating lease right-of-use assets, net 411 914
Property and equipment, net 657 1,019
Deposits 93 93
Total assets 25,480 27,180
Current liabilities    
Accounts payable 425 328
Customer deposits 3,569 897
Accrued liabilities and other current liabilities 1,179 1,206
Current portion of operating lease liabilities 453 721
Current portion of notes payable 248 242
Total current liabilities 5,874 3,394
Notes payable, net of current portion 81 268
Operating lease liabilities, net of current portion 268
Total liabilities 5,955 3,930
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, 12,967,027 shares issued and 12,949,550 shares outstanding on September 30, 2022, and 12,805,680 shares issued and 12,788,203 shares outstanding on December 31, 2021. 1 1
Additional paid-in capital 37,331 36,816
Accumulated deficit (17,767) (13,527)
Treasury Stock, at cost (17,477 shares) (40) (40)
Total stockholders’ equity 19,525 23,250
Total liabilities and stockholders’ equity $ 25,480 $ 27,180

Source