v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES    
Net Income (Loss) $ (2,394) $ 3,102
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 334 235
Stock-based compensation 258 218
Amortization of debt discount 209 112
Amortization of right of use assets 122 108
Gain in fair value of contingent consideration liabilities (188) 0
Impairment of intangible assets 0 251
Benefit from reversal of accrued payroll tax (Note 12) 0 (6,171)
Deferred taxes (15) (14)
Other 355 407
Change in operating assets and liabilities:    
Accounts receivable, net (84) 352
Inventory 803 1,042
Prepaid expenses and other 342 2,931
Accounts payable and accrued expenses (603) (320)
Net cash flows provided by (used in) operating activities (861) 2,253
INVESTING ACTIVITIES    
Purchases of property and equipment (18) 0
Acquisition of business, net of cash acquired (10) (156)
Net cash flows used in investing activities (28) (156)
FINANCING ACTIVITIES    
Proceeds from note payable 900 0
Debt issuance costs related to note payable (5) 0
Repayment of note payable (622) (1,117)
Repayment of unsecured debt (241) (274)
Net cash flows provided by (used in) financing activities 32 (1,391)
Effect of exchange rate changes on cash (6) 0
Net increase (decrease) in cash (863) 706
Cash, beginning of year 1,317 611
Cash, end of year 454 1,317
Supplemental cash flow disclosures:    
Interest paid 8 7
Income taxes paid 6 0
Supplemental disclosure of non-cash transactions:    
Purchase of insurance through issuance of note payable (Note 8) 177 259
Right of use asset financed by lease liabilities 49 0
Debt issuance cost for note payable (284) 0
Services paid with common stock 182 100
Fair value of assets acquired, excluding cash 414 275
Liabilities assumed (73) (77)
Goodwill on acquisition 640 336
Common stock consideration (871) (250)
Holdback liability 0 (18)
Contingent consideration (100) (88)
Deferred tax liabilities 0 (22)
Cash paid for acquisition $ 10 $ 156

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