v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flow From Operating Activities    
Net loss $ (4,832) $ (2,859)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation expense 70 34
Amortization of right of use asset 215 206
Amortization of intangible assets 2 2
Non-cash interest income (88) (172)
Stock based compensation 116
Change in fair value of derivative liabilities 256 (2,037)
Offering costs 325
Gain on disposal of equipment (144)
Forgiveness of PPP loan (391)
Changes in operating assets and liabilities:    
Trade accounts receivable 12 76
Prepaid expenses and other current assets (408) (251)
Inventories (267) (20)
Accounts payable and accrued liabilities 318 (79)
Payments on operating lease liability (198) (163)
Net cash used in operating activities (5,339) (4,938)
Cash Flows From Investing Activities    
Purchase of property and equipment (626) (77)
Proceeds from notes receivable, net of imputed interest 1,944 944
Proceeds from sale of property and equipment 144
Net cash provided by investing activities 1,462 867
Cash Flows From Financing Activities    
Proceeds from issuance of preferred stock 3,112
Proceeds from issuance of warrant derivative liabilities 6,328
Proceeds from issuance of common stock, net of fees 9,648
Proceeds from issuance of common stock in connection with exercise of warrants 196 917
Proceeds from issuance of debt 510 406
Payments on debt (5) (2)
Net cash provided by financing activities 701 20,409
Net increase (decrease) in cash and cash equivalents (3,176) 16,338
Cash and cash equivalents at beginning of period 25,351 1,787
Cash and cash equivalents at end of period 22,175 18,125
Noncash Investing and Financing Activities    
Extinguishment of derivative liabilities through exercise of warrants 195 3,008
Change in par value due to conversion of preferred stock to common stock 64
Issuance of common stock for the cashless exercise of warrants 35
Supplemental Cash Flow Information    
Cash paid for interest $ 1

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