Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net loss $ (9,283) $ (10,717)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation 1,310 1,573
Provision for bad debts 86 42
Provision for inventory excess and obsolescence 76 0
Amortization of debt issuance costs 242 214
Change in fair value of warrants (514) (78)
Issuance costs for common stock warrants 830 224
Stock-based compensation 67 775
Gain on disposal of fixed assets (232) 0
Changes in operating assets and liabilities:    
Accounts receivable 555 82
Inventory 374 (163)
Prepaid expenses and other current assets 734 713
Accounts payable and accrued liabilities (527) (1,903)
Deferred revenue (390) 18
Net cash and cash equivalents used in operating activities (6,672) (9,220)
Cash Flows from Investing Activities:    
Purchases of property, plant, and equipment (27) (944)
Proceeds from disposal of property, plant, and equipment 284 0
Net cash and cash equivalents provided by (used in) investing activities 257 (944)
Cash Flows from Financing Activities:    
Proceeds from the sale of common stock and pre-funded warrants, net of fees 2,786 8,502
Proceeds from the sale of Series H Convertible Preferred Stock, net of fees 0 2,738
Proceeds from the sale of warrants, net of fees 3,020 918
Principal payment on term loan (865) 0
Proceeds from the exercise of common stock warrants 8 115
Proceeds from the exercise of preferred share warrants 270 520
Net cash and cash equivalents provided by financing activities 5,219 12,793
Effect of exchange rate changes (98) 120
(Decrease) increase in cash and cash equivalents (1,294) 2,749
Cash and cash equivalents, beginning of period 6,566 4,181
Cash and cash equivalents, end of period 5,272 6,930
Supplemental cash flow disclosure:    
Cash paid for interest 968 930
Cash received for interest 3 5
Cash paid for income taxes 42 12
Cash paid for operating leases 157 159
Non-cash property, plant and equipment additions acquired under inventory 78 0
Common stock issued upon cashless warrant exercise 1,989 0
Common stock issued upon exercise of preferred stock 528 10,980
Non-cash right-of-use assets obtained in exchange for lease obligation $ 0 $ 483