Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.23.2
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
OPERATING ACTIVITIES              
Net income (loss) $ (1,288) $ 5,706 $ (2,653) $ (2,217) $ 4,418 $ (4,870)  
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:              
Depreciation and amortization         118 860  
Stock-based compensation         153 662  
Loss on disposal of fixed assets         0 159  
Note discount and interest expense         112 1,034  
Employee retention credit benefit         0 (1,993)  
Non-cash lease expense, net         53 19  
Benefit from reversal of accrued payroll taxes (Note 11) 0   0   (6,171) 0  
Other         312 205  
Change in operating assets and liabilities:              
Accounts receivable, net         148 1,019  
Inventory         727 1,267  
Prepaid expenses and other         2,778 885  
Accounts payable and accrued expenses         (262) (795)  
Net cash flows provided by (used in) operating activities         2,386 (1,548) $ (1,900)
FINANCING ACTIVITIES              
Proceeds from issuance of preferred stock and common stock warrants, net of issuance costs         0 554  
Proceeds from issuance of convertible notes, net of issuance costs         0 954  
Repayment of note payable         (1,117) 0  
Repayment of unsecured debt         (190) (221)  
Net cash flows (used in) provided by financing activities         (1,307) 1,287  
Net increase (decrease) in cash         1,079 (261)  
Cash, beginning of period   $ 611   $ 1,375 611 1,375 1,375
Cash, end of period $ 1,690   $ 1,114   1,690 1,114 $ 611
Supplemental cash flow disclosure:              
Interest paid         4 4  
Supplemental disclosures of non-cash transactions:              
Convertible note principal conversion into shares of common stock         0 (1,030)  
Services paid with common stock         0 384  
Right of use assets obtained in exchange for lease liability         $ 0 $ 345