Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net loss $ (7,917) $ (11,984)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,210 1,266
Changes in provision for credit losses on accounts receivable 73 25
Gain on revaluation of warrant liabilities (440) (186)
Stock-based compensation expense 1,066 1,379
Loss on modification of warrant 109 0
Common stock contribution to 401(k) plan 177 304
Unrealized loss (gain) on foreign currency transactions (194) 223
Changes in operating assets and liabilities:    
Accounts receivable (1,427) (1,348)
Inventories (80) (162)
Prepaid expenses and other assets, current and noncurrent 63 (370)
Accounts payable (41) (647)
Accrued, lease and other liabilities, current and noncurrent (852) (522)
Deferred revenues (160) 1,552
Net cash used in operating activities (8,413) (10,470)
Investing activities:    
Acquisition of property and equipment (16) (114)
Net cash used in investing activities (16) (114)
Financing activities:    
Principal payments under notes payable (938) 0
Proceeds from issuance of common stock, net 9,021 0
Net cash provided by financing activities 8,083 0
Effect of exchange rate changes on cash 0 (4)
Net decrease in cash (346) (10,588)
Cash and restricted cash at beginning of period 8,638 20,525
Cash and restricted cash at end of period 8,292 9,937
Supplemental disclosure of cash flow activities    
Cash paid for interest 142 145
Cash paid for income taxes 9 33
Supplemental disclosure of non-cash activities    
Transfer of inventory to (from) property and equipment 105 (146)
Initial recognition of operating lease liability and right of use asset 180 0
Share issuance RSU 1 0
Modification of operating lease right-of-use asset and lease liability 0 (10)
Share issuance for common stock contribution to 401(k) plan $ 237 $ 249