Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Mar. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,689,000 $ 10,066,000
Accounts receivable, net 3,481,000 1,537,000
Inventories 3,409,000 2,865,000
Prepaid expenses and other current assets 1,694,000 1,547,000
Current portion of deferred consideration, net of discount 223,000 239,000
Total current assets 12,496,000 16,254,000
Property and equipment, net 727,000 1,136,000
Deferred consideration, net of discount, less current portion 1,103,000 1,322,000
Other assets 122,000 494,000
Total assets 14,448,000 19,206,000
Current liabilities:    
Accounts payable 1,255,000 1,272,000
Accrued expenses and other current liabilities 1,501,000 1,406,000
Deferred revenue 47,000 147,000
Deferred revenue Invekra (Note 4) 55,000 59,000
Current portion of long-term debt 322,000 230,000
Current portion of capital leases 141,000 147,000
Common stock liability (Note 9) 270,000 0
Total current liabilities 3,591,000 3,261,000
Long-term deferred revenue Invekra (Note 4) 356,000 443,000
Long-term debt, less current portion 12,000 32,000
Long-term capital leases, less current portion 0 144,000
Total liabilities 3,959,000 3,880,000
Commitments and Contingencies (Note 11)  
Stockholders' Equity    
Convertible preferred stock, $0.0001 par value; 714,286 shares authorized, none issued and outstanding at March 31, 2018 and March 31, 2017, respectivelyConvertible preferred stock, $0.0001 par value; 714,286 shares authorized at March 31, 2019 and March 31, 2018, respectively, 1.55 shares issued and outstanding at March 31, 2019 and no shares issued and outstanding at March 31, 2018 0 0
Common stock, $0.0001 par value; 24,000,000 and 12,000,000 shares authorized at March 31, 2019 and March 31, 2018, respectively, 1,316,335 and 685,747 shares issued and outstanding at March 31, 2019 and March 31, 2018, respectively (Note 12) 2,000 1,000
Additional paid-in capital 184,074,000 176,740,000
Accumulated deficit (169,238,000) (157,440,000)
Accumulated other comprehensive loss (4,349,000) (3,975,000)
Total stockholders' equity 10,489,000 15,326,000
Total liabilities and stockholders' equity $ 14,448,000 $ 19,206,000