Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Disaggregation of Revenue [Table Text Block]

A reconciliation of contract liabilities with customers for the three months ended March 31, 2022 and 2021, are presented below:

 

   

Balance at

December 31, 2021

(000’s)

   

Consideration Received

(000’s)

   

Recognized in Revenue

(000’s)

   

Balance at

March 31, 2022

(000’s)

 

Product revenue

  $ -     $ -     $ -     $ -  

Service revenue

    37       -       (8

)

    29  

Total

  $ 37     $ -     $ (8

)

  $ 29  

 

   

Balance at

December 31, 2020

(000’s)

   

Consideration Received

(000’s)

   

Recognized in Revenue

(000’s)

   

Balance at

March 31, 2021

(000’s)

 

Product revenue

  $ -     $ 115     $ (115

)

  $ -  

Service revenue

    -       65       (3

)

    62  

Total

  $ -     $ 180     $ (118

)

  $ 62  

 

Deferred Revenue, by Arrangement, Disclosure [Table Text Block]

The table below summarizes our deferred revenue as of March 31, 2022 and December 31, 2021:

 

   

March 31, 2022

(000’s)

   

December 31, 2021

(000’s)

 

Deferred revenue-current

  $ 29     $ 32  

Deferred revenue-noncurrent

    -       5  

Total deferred revenue

  $ 29     $ 37  

 

Schedule of Inventory, Current [Table Text Block]

The inventory is comprised of raw materials and finished goods available for sale and are stated at the lower of cost or net realizable value using specific identification method for serial numbered inventory and first-in, first-out method for all other inventory for valuation. The inventory at March 31, 2022 and December 31, 2021, inventory was comprised of the following:

 

   

March 31, 2022

(000’s)

   

December 31, 2021

(000’s)

 

Raw materials

  $ 176     $ -  

Finished goods

    1,850       1,881  

Total inventory

  $ 2,026     $ 1,881  

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

Potentially dilutive securities excluded from the computation of basic and diluted net income (loss) per share are as follows:

 

   

March 31, 2022

   

March 31, 2021

 

Series C convertible preferred stock

    162,634       47,659  

Options to purchase common stock

    4,869,484       3,780,037  

Warrants to purchase common stock

    3,432,040       1,436,200  

Restricted stock units to acquire common stock

    82,500       346,000  

Totals

    8,546,658       5,609,896