Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 36,652 $ 41,255
Restricted cash 125 125
Accounts receivable, net of allowance for doubtful accounts of $52 and $64 at March 31, 2022 and December 31, 2021, respectively 4,209 7,178
Prepaid expenses and other current assets 1,680 1,868
Total current assets 42,666 50,426
Property and equipment, net 1,259 982
Restricted cash - noncurrent 207 207
Operating lease right of use asset 2,074
Deposits 68 68
Total assets 46,274 51,683
Current liabilities:    
Loan payable, current portion 3,000 1,500
Accounts payable 1,401 1,365
Accrued expenses and other current liabilities 2,905 4,259
Deferred revenue 5,261 6,238
Lease liability, current portion 853
Customer deposits 632 632
Total current liabilities 14,052 13,994
Lease liability, net of current portion 1,562
Loan Liability 11,988 13,337
Deferred rent, net of current portion 273
Other liabilities 496 395
Total liabilities 28,098 27,999
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 authorized, no shares issued and outstanding
Common stock, $0.0001 par value; 500,000,000 shares authorized; 37,411,487 and 37,387,472 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 4 4
Additional paid-in capital 125,916 125,479
Accumulated deficit (107,665) (101,729)
Accumulated other comprehensive loss (79) (70)
Total stockholders’ equity 18,176 23,684
Total liabilities and stockholders’ equity $ 46,274 $ 51,683