Quarterly report pursuant to Section 13 or 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

Organization and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Organization and Summary of Significant Accounting Policies


	As of
(in thousands)	September 30, 2021		December 31, 2020
Raw materials and supplies	$	60	$	170
Finished goods		69		158
	$	129	$	328

The approximately $69,000 of finished goods inventory at September 30, 2021 included materials held for potential sale to Molteni and Knight.

Schedule of activity related to our accounts receivable


	September 30,
	2021
(In thousands)
Balance at January 1, 2021	$	884
Additions		1,391
Deductions		(2,010)
Balance at September 30, 2021	$	265

Schedule of minimum operating lease payments

The following table presents the minimum lease payments of our operating lease:


2021	$	31
2022		127
2023		130
2024		66
Total minimum lease payments (base rent)		354
Less: imputed interest		(29)
Total operating lease liabilities	$	325

Schedule of fair value of warrant liability

There were no warrant liabilities at September 30, 2021. 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 nine-month period ended September 30, 2020 (in thousands):


	September 30, 2020
Fair value, beginning of period	$	320
Issuance of warrants		1,654
Change in fair value⁽¹⁾		923
Reclassification of warrants to additional paid-in capital		(2,897)
Fair value, end of period	$	—

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