v3.22.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2021
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 8,529,000 $ 4,220,000
Accounts receivable, net 2,854,000 2,806,000
Inventories, net 2,879,000 2,530,000
Prepaid expenses and other current assets 3,226,000 3,218,000
Current portion of deferred consideration, net of discount 211,000 209,000
Total current assets 17,699,000 12,983,000
Property and equipment, net 299,000 360,000
Operating lease, right of use assets 623,000 769,000
Deferred consideration, net of discount, less current portion 651,000 763,000
Other assets 75,000 112,000
Total assets 19,347,000 14,987,000
Current liabilities:    
Accounts payable 1,583,000 1,769,000
Accrued expenses and other current liabilities 1,292,000 1,154,000
Deferred revenue 100,000 267,000
Deferred revenue Invekra 52,000 52,000
Current portion of debt – PPP 587,000
Current portion of long-term debt 596,000
Operating lease liabilities 261,000 240,000
Total current liabilities 3,875,000 4,078,000
Long-term deferred revenue Invekra 190,000 229,000
Long-term debt, less current portion – PPP 1,310,000
Withholding tax payable 3,751,000 3,478,000
Operating lease liabilities, less current portion 362,000 529,000
Total liabilities 8,178,000 9,624,000
Commitments and Contingencies (Note 6) 0 0
Stockholders’ Equity:    
Convertible preferred stock, $0.0001 par value; 714,286 shares authorized at December 31, 2021 and March 31, 2021, 0 shares issued and outstanding at December 31, 2021 and March 31, 2021 0 0
Common stock, $0.0001 par value; 24,000,000 shares authorized December 31, 2021 and March 31, 2021, 3,099,341 and 2,092,909 shares issued and outstanding at December 31, 2021 and March 31, 2021, respectively (Note 9) 3,000 2,000
Additional paid-in capital 197,156,000 189,217,000
Accumulated deficit (181,419,000) (179,277,000)
Accumulated other comprehensive loss (4,571,000) (4,579,000)
Total stockholders’ equity 11,169,000 5,363,000
Total liabilities and stockholders’ equity $ 19,347,000 $ 14,987,000

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