v3.21.1

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash	$ 931	$ 1,159
Restricted cash	30	30
Prepaid expenses and other current assets	2,628	3,029
Total current assets	3,589	4,218
Property and equipment, net	9	14
Operating lease right-of-use assets, net	206	244
Total assets	3,804	4,476
Current liabilities:
Accounts payable	249	430
Accrued expenses	666	583
Short term debt	222	263
Operating lease liability	172	172
Total current liabilities	1,309	1,448
Long term debt to related party, net of debt discount	3,726	3,496
Operating lease liability, non-current	27	67
Total liabilities	5,062	5,011
Commitments (Note 9)
Stockholders’ deficit:
Preferred stock, $0.01 par value – 118,000,000 shares authorized at March 31, 2021 and December 31, 2020; 77,609,875 and 60,085,583 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively	776	601
Common stock, $0.01 par value – 280,000,000 shares authorized at March 31, 2021 and December 31, 2020; 88,095,659 shares issued and outstanding at March 31, 2021 and December 31, 2020	881	881
Additional paid-in capital	295,082	293,611
Accumulated deficit	(297,997)	(295,628)
Total stockholders’ deficit	(1,258)	(535)
Total liabilities and stockholders’ deficit	$ 3,804	$ 4,476

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

GI DYNAMICS, INC. 10-Q