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, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net loss $ (15,306) $ (18,773)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 2,133 369
Provision for bad debts 60 56
Provision for inventory excess and obsolescence 0 245
Inventory write-offs and disposals 0 1,486
Amortization of debt issuance costs 320 197
Change in fair value of warrants (104) 0
Issuance costs for warrants 447 0
Stock-based compensation 1,050 1,691
Changes in operating assets and liabilities:    
Accounts receivable 1,393 (664)
Inventory (720) (5,229)
Prepaid expenses and other current assets 1,322 (850)
Accounts payable and accrued liabilities (2,301) 664
Deferred revenue (102) (371)
Net cash and cash equivalents used in operating activities (11,808) (21,179)
Cash Flows from Investing Activities:    
Purchases of property, plant, and equipment (1,126) (3,256)
Net cash and cash equivalents used in investing activities (1,126) (3,256)
Cash Flows from Financing Activities:    
Proceeds from the sale of common stock and pre-funded warrants, net of fees 8,503 5,635
Proceeds from the sale of Convertible Preferred Stock, net of fees 5,490 0
Proceeds from the sale of warrants, net of fees 1,743 0
Principal payment on loan 0 (1,000)
Proceeds from the exercise of common stock warrants 114 0
Proceeds from the exercise of preferred share warrants 699 0
Net cash and cash equivalents provided by financing activities 16,549 4,635
Effect of exchange rate changes 13 (415)
Increase (decrease) in cash, cash equivalents and restricted cash 3,628 (20,215)
Cash, cash equivalents and restricted cash, beginning of period 4,181 30,175
Cash and cash equivalents, end of period 7,809 9,960
Supplemental cash flow disclosure:    
Cash paid for interest 1,419 1,110
Cash received for interest 7 23
Cash paid for income taxes 12 39
Cash paid for operating leases 230 219
Non-cash right-of-use assets obtained in exchange for lease obligation 483 562
Deemed dividend on preferred stock 0 217
Common stock issued upon exercise of preferred stock $ 18,503 $ 0