Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 17,535,000 $ 28,268,000
Accounts receivable, net 100,000 0
Employee advances 50,000 0
Inventory 1,881,007 768,319
Prepaid expenses and vendor deposits 433,000 301,000
Total current assets 19,999,000 29,337,000
Property and equipment, net 557,000 289,000
Right-to-use assets, net 693,000 306,000
Other assets:    
Patents, net 331,000 346,000
Trademarks 1,000 1,000
Prepaid expenses, long term 0 5,000
Deposits 92,000 102,000
Total assets 21,673,000 30,386,000
Current liabilities:    
Accounts payable and accrued expenses, including $80 and $317 to related parties as of September 30, 2021 and December 31, 2020, respectively 2,169,000 4,722,000
Deferred revenue, short term 32,000 0
Dividends payable 79,000 73,000
Lease liability, short term 291,000 313,000
Total current liabilities 2,571,000 5,108,000
Deferred revenue, long term 13,000 0
Lease liability, long term 409,000 1,000
Total long-term debt 422,000 1,000
Total liabilities 2,993,000 5,109,000
Series C 9% Convertible Preferred Stock, $0.001 par value, $1,000 stated value, authorized 4,200 shares, 105 shares issued and outstanding; liquidation preference of $105 as of September 30, 2021 and December 31, 2020 105,000 105,000
Equity:    
Preferred stock, 0 0
Common stock, $0.001 par value, authorized 200,000,000 shares, 35,254,860 and 30,764,792 issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 35,000 31,000
Additional paid in capital 198,380,000 181,344,000
Accumulated deficit (180,278,000) (157,005,000)
Total stockholders' equity (deficit) 18,137,000 24,370,000
Non-controlling interest 438,000 802,000
Total equity 18,575,000 25,172,000
Total liabilities and stockholders' equity (deficit) $ 21,673,000 $ 30,386,000