Balance Sheet

v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 4,079,000 $ 16,522,000
Note receivable - LINICO 100,000 600,000
Accounts receivable 0 67,000
Inventory 251,000 929,000
Prepaid expenses and other current assets 214,000 181,000
Total current assets 4,644,000 18,299,000
Non-current assets    
Property, plant and equipment, net 16,473,000 10,347,000
Intellectual property, net 146,000 281,000
Other assets 5,102,000 4,673,000
Total non-current assets 21,721,000 15,301,000
Total assets 26,365,000 33,600,000
Liabilities, Current [Abstract]    
Accounts payable 1,227,000 1,836,000
Accrued Expenses 3,130,000 2,467,000
Operating and Finance Lease Liability, Current 289,000 275,000
Notes payable, current portion 3,536,000 35,000
Total current liabilities 8,182,000 4,613,000
Operating and Finance Lease, Liability, Noncurrent 446,000 0
Notes payable, non-current portion 0 2,923,000
Warrant liability 1,493,000 0
Total liabilities 10,121,000 7,536,000
Commitments and contingencies (see Note 14)
Stockholders’ equity    
Common stock; $0.001 par value; 300,000,000 shares authorized; 7,760,255 and 7,730,836, shares issued and outstanding as of December 31, 2024, respectively and 5,415,433 and 5,394,005 shares issued and outstanding as of December 31, 2023 8,000 5,000
Additional paid-in capital 264,198,000 249,790,000
Accumulated deficit (247,770,000) (223,215,000)
Treasury stock, at cost; common shares: 29,419 and 21,428 as of December 31, 2024 and December 31, 2023, respectively (192,000) (516,000)
Total stockholders’ equity 16,244,000 26,064,000
Total liabilities and stockholders’ equity 26,365,000 33,600,000
Related Party [Member]    
Liabilities, Current [Abstract]    
Notes payable, current portion 306,000 0
Nonrelated Party [Member]    
Liabilities, Current [Abstract]    
Notes payable, current portion $ 3,230,000 $ 35,000

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