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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,080 $ 2,124
Accounts receivable, net 1,217 911
Inventories, net 63 69
Contract assets 1,161 344
Prepaid expenses and other current assets 436 433
Total current assets 3,957 3,881
Property, plant and equipment, net 532 552
Investments in foreign joint venture 9,889 9,980
Right-of-use assets 145  
Other assets 51 146
Total assets 14,574 14,559
Current liabilities:    
Short-term note payable 338 202
Accounts payable and accrued liabilities 2,805 2,478
Lease liabilities, current portion 63  
Total current liabilities 3,206 2,680
Deferred compensation 138 163
Lease liabilities, long-term portion 84  
Total liabilities 3,428 2,843
Commitments and contingencies (Note 8)
Convertible preferred stock:    
Redeemable convertible preferred stock, Series A, net of discount of $470 at June 30, 2019 and $502 at December 31, 2018; $0.001 par value, 1,000,000 shares authorized, issued and outstanding at June 30, 2019 and December 31, 2018, respectively (Note 9) 4,530 4,498
Stockholders’ equity:    
Common stock; $0.001 par value, 6,250,000 shares authorized, 1,202,115 and 1,180,610 shares issued and 1,173,914 and 1,152,409 shares outstanding at June 30, 2019 and December 31, 2018, respectively (Note 11) 1 1
Treasury stock, at cost, 28,201 shares at both June 30, 2019 and December 31, 2018 (965) (965)
Additional paid-in capital 14,172 14,022
Accumulated other comprehensive loss (475) (417)
Accumulated deficit; including accumulated statutory reserves in equity method investments of $2,809 at June 30, 2019 and December 31, 2018 (6,117) (5,423)
Total stockholders’ equity 6,616 7,218
Total liabilities, convertible preferred stock and stockholders’ equity $ 14,574 $ 14,559