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
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities    
Net loss $ (3,090) $ (2,748)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 517 374
Amortization of right of use asset 308 369
Amortization of intangible assets 2 3
Stock based compensation 65 157
Change in fair value of derivative liabilities (3,286) (4,863)
Recovery of written-off accounts receivable (4)
Gain on disposal of equipment (12)
Changes in operating assets and liabilities:    
Trade accounts receivable 255 (58)
Prepaid expenses and other current assets 530 (336)
Inventories 202 (146)
Accounts payable and accrued liabilities (152) (109)
Other liabilities (2) (357)
Payments on operating lease liability (281) (357)
Net cash used in operating activities (4,948) (8,071)
Cash Flows From Investing Activities    
Purchase of property and equipment (533) (334)
Proceeds from notes receivable, net of imputed interest 320
Proceeds from sale of property and equipment 40
Net cash used in investing activities (173) (334)
Cash Flows From Financing Activities    
Proceeds from issuance of warrant derivative liabilities 3,366 6,650
Proceeds from issuance of common stock and prefunded warrants, net of cash fees 3,111 4,840
Proceeds from issuance of common stock in connection with exercise of warrants 2
Payment on debt (141)
Redemption of Preferred Stock Series E (2)
Net cash provided by financing activities 6,338 11,488
Net increase in cash and cash equivalents 1,217 3,083
Cash and cash equivalents at beginning of period 3,340 6,245
Cash and cash equivalents at end of period 4,557 9,328
Noncash Investing and Financing Activities    
Debt issued for prepaid insurance 335
Agent warrant offering cost allocated to equity 13
Right of use asset for amended lease liability – increase 4
Right of use asset for lease liability 114
Reduction of derivative liability upon exercise of warrants 1 5,753
Par value of common stock upon cashless exercise of warrants 15
Par value of common stock upon exercise of prefunded warrants 2
Supplemental Cash Flow Information    
Cash paid for interest $ 6 $ 2