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
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net loss $ (10,711) $ (15,306)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation 1,955 2,133
Provision for bad debts 216 60
Provision for inventory excess and obsolescence 76 0
Amortization of debt issuance costs 359 320
Change in fair value of warrants (1,060) (104)
Expiration of warrant liabilities (548) 0
Issuance costs for common stock warrants 830 447
Stock-based compensation 118 1,050
Gain on disposal of fixed assets (286) 0
Changes in operating assets and liabilities:    
Accounts receivable 1,738 1,393
Inventory 1,397 (720)
Prepaid expenses and other current assets (646) 1,322
Accounts payable and accrued liabilities (4,319) (2,301)
Deferred revenue (263) (102)
Net cash and cash equivalents used in operating activities (11,144) (11,808)
Cash Flows from Investing Activities:    
Purchases of property, plant, and equipment (67) (1,126)
Proceeds from disposal of property, plant, and equipment 358 0
Net cash and cash equivalents provided by (used in) investing activities 291 (1,126)
Cash Flows from Financing Activities:    
Proceeds from the sale of common stock and pre-funded warrants, net of fees 2,776 8,503
Proceeds from the sale of Convertible Redeemable Preferred Stock, net of fees 0 5,490
Proceeds from the sale of warrants, net of fees 3,020 1,743
Borrowings under term loan 2,500 0
Principal payment on term loan (865) 0
Proceeds from the exercise of common stock warrants 8 114
Proceeds from the exercise of preferred share warrants 270 699
Net cash and cash equivalents provided by financing activities 7,709 16,549
Effect of exchange rate changes 22 13
(Decrease) increase in cash and cash equivalents (3,122) 3,628
Cash and cash equivalents, beginning of period 6,566 4,181
Cash and cash equivalents, end of period 3,444 7,809
Supplemental cash flow disclosure:    
Cash paid for interest 970 1,419
Cash received for interest 5 7
Cash paid for income taxes 53 12
Cash paid for operating leases 238 230
Non-cash property, plant and equipment additions acquired under inventory 110 0
Common stock issued upon cashless warrant exercise 1,989 0
Common stock issued upon exercise of preferred stock 528 18,503
Common Stock Issued Upon Exchange of Preferred Share and Preferred Share Warrants 360 0
Liability for settlement of preferred shares 1,581 0
Non-cash right-of-use assets obtained in exchange for lease obligation $ 78 $ 483