Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows (Unaudited)

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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:    
Net loss $ (18,773) $ (10,879)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 369 281
Provision for bad debts 56 (162)
Provision for inventory excess and obsolescence (245) 0
Inventory write-offs and disposals 1,486 (117)
Amortization of discounts on lines of credit 71 126
Amortization of debt issuance costs 126 290
Patent litigation mark-to-market 0 190
Issuance of Restricted Shares 0 164
Stock-based compensation 1,691 1,488
Gain on debt forgiveness 0 (3,014)
Changes in operating assets and liabilities:    
Accounts receivable (664) (417)
Inventory (5,229) (2,788)
Prepaid expenses and other current assets (850) 235
Accounts payable and accrued liabilities 664 705
Deferred revenue (371) 292
Net cash and cash equivalents used in operating activities (21,179) (13,606)
Cash Flows from Investing Activities:    
Purchases of property, plant, and equipment (3,256) (396)
Net cash and cash equivalents used in investing activities (3,256) (396)
Cash Flows from Financing Activities:    
Proceeds from the sale of common stock 5,635 13,291
Payments of equity offering costs (6)
Principal payment on loan (1,000)
Proceeds from the exercise of common stock warrants 16,560
Payment of debt issuance costs 0 (25)
Proceeds from exercise of stock options 0 66
Net cash and cash equivalents provided by financing activities 4,635 29,886
Effect of exchange rate changes (415) (171)
(Decrease) increase in cash, cash equivalents and restricted cash (20,215) 15,713
Cash, cash equivalents and restricted cash, beginning of period 30,175 17,876
Cash, cash equivalents and restricted cash, end of period 9,960 33,589
Supplemental cash flow disclosure:    
Cash paid for interest 1,110 1,328
Cash received for interest 23 44
Cash paid for income taxes 39 154
Cash paid for operating leases 219 185
Non-cash settlement of liability 0 510
Non-cash right-of-use assets obtained in exchange for lease obligation 562 48
Deemed dividend on preferred stock $ 217 $ 546