Quarterly report [Sections 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
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net loss $ (109) $ (628)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation and amortization 82 63
Stock-based compensation 118 30
Amortization of debt discount 149 0
Amortization of right of use assets 52 28
Gain on debt extinguishment (38) 0
Benefit from reversal of accrued payroll tax (Note 12) (522) 0
Other 80 108
Change in operating assets and liabilities:    
Accounts receivable, net 100 (70)
Inventory 536 (102)
Prepaid expenses and other 18 109
Accounts payable and accrued expenses (547) (56)
Net cash flows used in operating activities (81) (518)
INVESTING ACTIVITIES    
Purchases of property and equipment (40) 0
Net cash flows used in investing activities (40) 0
FINANCING ACTIVITIES    
Proceeds from note payable 1,200 0
Debt issuance costs related to note payable (82) 0
Repayment of note payable (579) (50)
Repayment of unsecured debt (59) (86)
Net cash flows provided by (used in) financing activities 480 (136)
Effect of exchange rate changes on cash (1) (1)
Net increase (decrease) in cash 358 (655)
Cash, beginning of period 454 1,317
Cash, end of period 812 662
Supplemental cash flow disclosure:    
Interest paid 2 4
Income taxes paid 0 6
Supplemental disclosures of non-cash transactions:    
Services paid with common stock 60 62
Right of use asset financed by lease liabilities 212 0
Debt issuance cost for note payable $ (400) $ 0