Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net loss $ (6,901) $ (11,849)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 431 465
Changes in allowance for doubtful accounts 48 43
Gain on forgiveness of note payable (1,099) 0
Loss on impairment of goodwill 0 189
(Gain) loss on revaluation of warrant liabilities (2,011) 1,579
Finance cost attributable to issuance of warrants 0 329
Stock-based compensation expense 1,538 1,612
Common stock contribution to 401(k) plan 141 155
Other adjustments 3 55
Unrealized loss (gain) on foreign currency transactions 640 (424)
Changes in operating assets and liabilities:    
Accounts receivable (10) 715
Inventories (171) 469
Prepaid expenses, right-of-use assets, and other assets current and noncurrent 97 169
Accounts payable (189) (90)
Accrued, lease and other noncurrent liabilities (70) (409)
Deferred revenues (528) (23)
Net cash used in operating activities (8,081) (7,015)
Investing activities:    
Acquisition of equipment (60) 0
Net cash used in investing activities (60) 0
Financing activities:    
Proceeds from issuance of common stock and warrants, net 37,295 7,082
Principal payments on note payable 0 (1,278)
Payment of remaining balance on long-term debt 0 (1,512)
Proceeds from issuance of long-term debt 0 3,078
Proceeds from exercise of warrants 1,417 3,334
Net cash provided by financing activities 38,712 10,704
Effect of exchange rate changes on cash 6 (12)
Net increase in cash 30,577 3,677
Cash at beginning of period 12,862 10,872
Cash at end of period 43,439 14,549
Supplemental disclosure of cash flow activities    
Cash paid for interest 69 86
Cash paid for income taxes 0 6
Supplemental disclosure of non-cash activities    
Fair value of warrants issued upon equity financing 1,936 0
Reclassification of warrant liability to equity upon exercise of warrants 2,461 0
Transfer of inventory to (from) property and equipment 387 (160)
Share issuance for common stock contribution to 401(k) plan 152  
Share issuance in lieu of cash compensation $ 0 $ 50