Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.22.2.2
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
OPERATING ACTIVITIES              
Net loss $ (1,031) $ (2,217) $ (40) $ (3,127) $ (5,901) $ (6,697)  
Adjustments to reconcile net loss to net cash flows used in operating activities:              
Depreciation and amortization         923 746  
Stock-based compensation         839 2,375  
Loss on disposal of fixed assets         159 0  
Note discount and interest expense         1,300 0  
Employee retention credit benefit         (2,516) 0  
Non-cash lease expense, net         44 284  
Gain on lease modification         0 (906)  
Gain on debt extinguishment (127)   (2,945)   (127) (2,945)  
Other         361 220  
Change in operating assets and liabilities:              
Accounts receivable, net         1,172 (695)  
Inventory         1,398 (36)  
Prepaid expenses and other         1,483 916  
Accounts payable and accrued expenses         (1,230) 417  
Net cash flows used in operating activities         (2,095) (6,321) $ (7,500)
INVESTING ACTIVITIES              
Purchases of property and equipment         0 (35)  
Net cash flows used in investing activities         0 (35)  
FINANCING ACTIVITIES              
Proceeds from issuance of preferred stock and common stock warrants, net of issuance costs         554 0  
Proceeds from issuance of convertible notes, net of issuance costs         954 0  
Proceeds from issuance of note payable, net of issuance costs         1,577 0  
Proceeds from issuance of common stock         0 4,212  
Repayment of convertible notes         (675) 0  
Repayment of note payable         (240) 0  
Repayment of unsecured debt         (311) (721)  
Net cash flows provided by financing activities         1,859 3,491  
Net decrease in cash, cash equivalents and restricted cash         (236) (2,865)  
Cash and cash equivalents, beginning of period   $ 1,375   $ 4,525 1,375 4,525 4,525
Cash and cash equivalents, end of period $ 1,139   $ 1,660   1,139 1,660 $ 1,375
Supplemental cash flow disclosure:              
Interest paid         4 7  
Supplemental disclosures of non-cash transactions:              
Convertible note principal conversion into shares of common stock         (1,284) 0  
Services paid with common stock         384 0  
Right of use ("ROU") assets obtained in exchange for lease liability         $ 345 $ 0