v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 32,727 $ 6,816
Marketable debt securities, available for sale 3,531 1,639
Accounts receivable, net 14,344 3,155
Inventory, net 16,026 3,039
Prepaid expenses and other current assets 619 931
Total current assets 67,247 15,887
Property, plant and equipment, net 7,078 3,578
Secured promissory note receivable 3,739 2,750
Prepaid expenses, net of current portion 460 2,084
Right-of-use asset, net 4,646 4,731
Intangible asset, net 1,125 1,234
Goodwill 901 901
Other assets 248 240
TOTAL ASSETS 85,444 31,405
Current liabilities    
Accounts payable 7,780 3,771
Accrued advertising and other allowances 258 463
Lease liabilities 484 329
Other current liabilities 9,767 1,731
Total current liabilities 18,289 6,294
Non-current liabilities:    
Deferred revenue, net of current portion 149 162
Unsecured convertible promissory notes, net 9,993 9,991
Lease liabilities, net of current portion 4,348 4,402
Total non-current liabilities 14,490 14,555
Total liabilities 32,779 20,849
COMMITMENTS AND CONTINGENCIES
Stockholders' equity    
Preferred stock authorized 1,000,000, $.0005 par value, no shares issued and outstanding
Common stock authorized 50,000,000, $.0005 par value, issued 31,806,275 and 28,256,275 shares, respectively 16 14
Additional paid-in capital 102,735 61,674
Accumulated deficit (2,574) (3,631)
Treasury stock, at cost, 16,652,022 and 16,652,022 shares, respectively (47,490) (47,490)
Accumulated other comprehensive loss (22) (11)
Total stockholders' equity 52,665 10,556
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 85,444 $ 31,405

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