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
OPERATING ACTIVITIES    
Net income (loss) $ (1,668) $ 3,971
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 220 176
Stock-based compensation 154 185
Amortization of debt discount 117 112
Amortization of right of use assets 86 80
Gain in fair value of contingent consideration liabilities (188)
Benefit from reversal of accrued payroll tax (Note 12) 0 (6,171)
Other 236 368
Change in operating assets and liabilities:    
Accounts receivable 19 103
Inventory 689 834
Prepaid expenses and other 208 2,778
Accounts payable and accrued expenses (570) (69)
Net cash flows provided by (used in) operating activities (697) 2,367
INVESTING ACTIVITIES    
Acquisition of business, net of cash acquired (6) 0
Net cash flows used in investing activities (6) 0
FINANCING ACTIVITIES    
Proceeds from note payable 900 0
Debt issuance costs related to note payable (5) 0
Repayment of note payable (325) (1,117)
Repayment of unsecured debt (203) (218)
Net cash flows provided by (used in) financing activities 367 (1,335)
Effect of exchange rate changes on cash (2) 0
Net increase (decrease) in cash (338) 1,032
Cash, beginning of period 1,317 611
Cash, end of period 979 1,643
Supplemental cash flow disclosure:    
Interest paid 6 4
Income Taxes Paid 6 0
Supplemental disclosures of non-cash transactions:    
Services paid with common stock 92 100
Debt issuance cost for note payable (284) 0
Working capital adjustment due from seller 34 0
Fair value of net assets acquired, excluding cash 341 0
Goodwill on acquisition 365 0
Common stock consideration (700) 0
Contingent consideration 0 0
Cash paid for acquisition $ 6 $ 0