Annual report pursuant to Section 13 and 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

v3.21.1
Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Organization and Summary of Significant Accounting Policies  
Schedule of components of inventories

 

 

 

 

 

 

 

 

 

As of December 31,

 

    

2020

    

2019

Raw materials and supplies

 

$

170

 

$

563

Finished goods

 

 

158

 

 

 —

 

 

$

328

 

$

563

 

Summary of activity with respect to our product returns and discounts and rebates and allowance for doubtful accounts, which have been reclassified to discontinued operations

The following table provides a summary of activity with respect to our product returns and discounts and rebates, which have been reclassified to discontinued operations for all periods presented (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued Sales Allowances

 

 

 

 

Discounts and

 

 

 

Allowance for

 

 

Product Return

 

Rebates

 

 

 

Doubtful

 

   

 Allowance

   

 Allowance

   

Total

   

Accounts

Balance at December 31, 2019

 

$

721

 

$

88

 

$

809

 

$

63

Provision

 

 

94

 

 

40

 

 

134

 

 

31

Payments/credits

 

 

(759)

 

 

(123)

 

 

(882)

 

 

(78)

Balance at December 31, 2020

 

$

56

 

$

 5

 

$

61

 

$

16

 

Schedule of antidilutive securities excluded from computation of net loss per common share

The table below presents common shares underlying stock options and warrants that are excluded from the calculation of the weighted average number of shares of common stock outstanding used for the calculation of diluted net loss per common share. These are excluded from the calculation due to their anti-dilutive effect for the years ended (in thousands):

 

 

 

 

 

 

 

 

December 31, 

 

    

2020

    

2019

Weighted-average anti-dilutive common shares resulting from stock awards

 

31

 

36

Weighted-average anti-dilutive common shares resulting from warrants

 

297

 

256

Convertible debt

 

 

49

 

 

328

 

341

 

Schedule of maturities of operating lease

The following table presents maturities of our operating lease as of December 31, 2020 (in thousands):

 

 

 

 

2021

 

 

155

 Total minimum lease payments (base rent)

 

 

155

Less: imputed interest

 

 

(5)

 Total operating lease liabilities

 

$

150

 

Schedule of fair value of warrant liability

The following table presents a roll forward of the fair value of our warrant liability, the fair value of which is determined by Level 3 inputs for the years ended (in thousands):

 

 

 

 

 

 

 

 

    

2020

    

2019

Fair value, beginning of period

 

$

320

 

$

 —

Issuance of warrants

 

 

1,654

 

 

1,430

Change in fair value(1)

 

 

923

 

 

(1,110)

Reclassification of warrants to additional paid-in capital

 

 

(2,897)

 

 

Fair value, end of period

 

$

 —

 

$

320


(1)  Recognized as non-cash loss on changes in fair value of warrants in the statement of operations and comprehensive loss.

 

The following table presents a roll forward of the fair value of our derivative liability, the fair value of which is determined by Level 3 inputs for the years ended (in thousands):

 

 

 

 

 

 

 

 

 

 

December 31, 

 

    

2020

    

2019

Fair value, beginning of period

 

$

 —

 

$

25

Issuance of derivative

 

 

 —

 

 

 —

Change in fair value

 

 

 —

 

 

(25)

Fair value, end of period

 

$

 —

 

$

 —