Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net loss $ (15,198) $ (15,080)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,698 887
Changes in allowance for doubtful accounts 72 33
Common stock contribution to 401(k) plan 378 186
Stock-based compensation expense 1,858 2,546
Loss (gain) on revaluation of warrant liabilities 133 (1,317)
Other adjustments 0 (18)
Unrealized (gain) loss on foreign currency transactions (412) 655
Changes in operating assets and liabilities:    
Accounts receivable (1,208) (67)
Inventories 232 (1,400)
Prepaid expenses and other assets current and noncurrent (158) (303)
Accounts payable (1,307) (102)
Accrued, lease and other current and noncurrent liabilities (134) (197)
Deferred revenues 1,992 (511)
Net cash used in operating activities (12,054) (14,688)
Investing activities    
Payment in connection with acquisition 0 (5,000)
Acquisition of property and equipment (157) (194)
Proceeds from sales of equipment 0 19
Net cash used in investing activities (157) (5,175)
Financing activities    
Principal payments under note payable (313) 0
Proceeds from issuance of common stock, net 661 0
Net cash provided by financing activities 348 0
Effect of exchange rate changes on cash (24) (18)
Net decrease in cash (11,887) (19,881)
Cash and restricted cash at beginning of the year 20,525 40,406
Cash and restricted cash at end of the year 8,638 20,525
Supplemental disclosure of cash flow activities    
Cash paid for interest 191 126
Cash paid for income taxes 45 13
Supplemental disclosure of non-cash activities    
Share issuance for common stock contribution to 401(k) plan 250 176
Transfer of inventory (from) to property and equipment (82) 385
Issuance of promissory note, net in connection with acquisition 0 4,055
(Adjustment to) initial recognition of operating lease liabilities and right of use assets $ (10) $ 1,459