v3.22.1
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net loss $ (2,217) $ (3,127)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation and amortization 517 204
Stock-based compensation 516 657
Loss on disposal of fixed assets 99 0
Convertible note discount and interest expense 699 0
Employee retention credit benefit (1,993) 0
Non-cash lease expense, net 0 145
Other 98 124
Change in operating assets and liabilities:    
Accounts receivable, net 1,096 133
Inventory 387 (168)
Prepaid expenses and other 690 692
Accounts payable and accrued expenses (271) (349)
Net cash used in operating activities (379) (1,689)
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 605 0
Proceeds from issuance of convertible notes, net of issuance costs 970 0
Proceeds from issuance of common stock 0 3,222
Repayment of unsecured debt (132) (357)
Net cash flows provided by financing activities 1,443 2,865
Net decrease in cash, cash equivalents and restricted cash 1,064 1,141
Cash, cash equivalents and restricted cash, beginning of period 1,375 4,525
Cash, cash equivalents and restricted cash, end of period 2,439 5,666
Supplemental cash flow disclosure:    
Interest paid 3 5
Supplemental disclosures of non-cash transactions:    
Convertible note conversion 675 0
Services paid with common stock 384 0
Issuance cost in accounts payable and accrued expenses (68) 0
Purchase of property and equipment in accounts payable and accrued expenses $ 0 $ 7

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