Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.23.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 19,914 $ 21,251
Restricted cash 125 125
Accounts receivable, net of allowance for doubtful accounts of $84 and $102 at March 31, 2023 and December 31, 2022, respectively 6,314 6,354
Prepaid expenses and other current assets 2,007 1,820
Total current assets 28,360 29,550
Property and equipment, net 1,686 1,573
Operating lease right of use asset 1,863 1,567
Restricted cash, non-current 600 612
Deposits and other assets 558 339
Total assets 33,067 33,641
Current liabilities:    
Loan payable, current portion 2,500 3,750
Accounts payable 2,129 1,563
Accrued expenses and other current liabilities 3,726 5,321
Deferred revenue 6,915 7,254
Operating lease liability, current portion 991 872
Customer deposits 524 554
Total current liabilities 16,785 19,314
Loan payable, net of current portion 17,733 11,384
Operating lease liability, net of current portion 1,122 968
Other liabilities 615 509
Total liabilities 36,255 32,175
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; 37,554,915 and 37,442,663 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 4 4
Additional paid-in capital 128,311 127,693
Accumulated deficit (131,030) (125,791)
Accumulated other comprehensive loss (473) (440)
Total stockholders’ (deficit) equity (3,188) 1,466
Total liabilities and stockholders’ equity $ 33,067 $ 33,641