Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net loss $ (2,891) $ (3,429)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 378 406
Loss on impairment of intangible asset 180 0
Changes in provision for credit losses on accounts receivable 20 (12)
Gain on revaluation of warrant liabilities (1) (342)
Stock-based compensation expense 250 376
Loss on modification of warrant 0 109
Common stock contribution to 401(k) plan (25) 29
Unrealized loss (gain) on foreign currency transactions (626) 349
Changes in operating assets and liabilities:    
Accounts receivable 900 (214)
Inventories (379) (80)
Prepaid expenses and other assets, current and noncurrent 2 36
Accounts payable 444 32
Accrued, lease and other liabilities, current and noncurrent (198) (723)
Deferred revenues (19) (3)
Net cash used in operating activities (1,965) (3,466)
Investing activities:    
Acquisition of property and equipment (10) (8)
Net cash used in investing activities (10) (8)
Financing activities:    
Principal payments under notes payable (313) (313)
Proceeds from issuance of common stock, net 0 3,970
Proceeds from exercise of warrants, net 3,842 0
Net cash provided by financing activities 3,529 3,657
Effect of exchange rate changes on cash 7 (22)
Net increase in cash 1,561 161
Cash and restricted cash at beginning of period 6,493 8,638
Cash and restricted cash at end of period 8,054 8,799
Supplemental disclosure of cash flow activities    
Cash paid for interest 42 48
Cash paid for income taxes 0 0
Supplemental disclosure of non-cash activities    
Deemed dividend in connection with warrant inducement 226 0
Transfer of inventory to property and equipment 0 16
Share issuance for common stock contribution to 401(k) plan $ 236 $ 237