|kelso's old job of chief people officer filled. fresh all-time lows.|
Liquidity and Going Concern
As of March 31, 2019, we had approximately $2,884,000 of cash and cash equivalents, $2,003,000 of inventory and other current assets and $109,000 of assets held for disposal, which amount to total current assets of $4,996,000. The Company’s total current liabilities balance, which includes accounts payable, accrued expenses, debt, and Convertible Notes, was $17,030,000 as of March 31, 2019. The working capital deficiency of $12,024,000 as of March 31, 2019 includes $1,695,000 of convertible notes classified as short-term for which principal repayments may be made in shares of Common Stock at the Company’s election, subject to certain conditions.