Quarterly report pursuant to Section 13 or 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

v3.21.2
Organization and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2021
Organization and Summary of Significant Accounting Policies  
Schedule of components of inventories

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​

​

​

​

​

​

​

​

​

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):

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​

​

​

​

    

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.