Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows ( Unaudited)

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Condensed Consolidated Statements of Cash Flows ( Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flow From Operating Activities    
Net loss $ (293) $ (2,845)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 154 68
Amortization of right of use asset 183 130
Amortization of intangible assets 1 1
Stock based compensation 86 102
Change in fair value of derivative liabilities (3,898) (41)
Bad debt expense (3)
Changes in operating assets and liabilities:    
Trade accounts receivable (137) (4)
Prepaid expenses and other current assets (457) (391)
Inventories 110 (27)
Accounts payable and accrued liabilities (103) (54)
Other liabilities (337) 3
Payments on operating lease liability (177) (122)
Net cash used in operating activities (4,871) (3,180)
Cash Flows From Investing Activities    
Purchase of property and equipment (236) (230)
Net cash used in investing activities (236) (230)
Cash Flows From Financing Activities    
Proceeds from issuance of warrant derivative liabilities 6,650
Proceeds from issuance of common stock and prefunded warrants, net of cash fees of $600 4,840
Redemption of Preferred Stock Series E (2)
Net cash provided by financing activities 11,488
Net increase (decrease) in cash and cash equivalents 6,381 (3,410)
Cash and cash equivalents at beginning of period 6,245 14,273
Cash and cash equivalents at end of period 12,626 10,863
Noncash Investing and Financing Activities    
Right of use asset for lease liability 114
Reduction of derivative liability upon exercise of warrants 5,502
Par value of common stock upon cashless exercise of warrants 13
Par value of common stock upon exercise of prefunded warrants 2
Supplemental Cash Flow Information    
Cash paid for interest $ 2 $ 25