v3.23.3
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
OPERATING ACTIVITIES              
Net income (loss) $ (447) $ 5,706 $ (1,031) $ (2,217) $ 3,971 $ (5,901)  
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:              
Depreciation and amortization         176 923  
Stock-based compensation         185 839  
Loss on disposal of fixed assets         0 159  
Note discount and interest expense         112 1,300  
Employee retention credit benefit         0 (2,516)  
Non-cash lease expense, net         80 44  
Benefit from reversal of accrued payroll tax (Note 11) 0   0   (6,171) 0  
Gain on debt extinguishment 0   (127)   0 (127)  
Other         368 361  
Change in operating assets and liabilities:              
Accounts receivable, net         103 1,172  
Inventory         834 1,398  
Prepaid expenses and other         2,778 1,483  
Accounts payable and accrued expenses         (69) (1,230)  
Net cash flows provided by (used in) operating activities         2,367 (2,095) $ (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  
Proceeds from issuance of note payable, net of issuance costs         0 1,577  
Repayment of convertible notes         0 (675)  
Repayment of note payable         (1,117) (240)  
Repayment of unsecured debt         (218) (311)  
Net cash flows (used in) provided by financing activities         (1,335) 1,859  
Net increase (decrease) in cash         1,032 (236)  
Cash, beginning of period   $ 611   $ 1,375 611 1,375 1,375
Cash, end of period $ 1,643   $ 1,139   1,643 1,139 $ 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 (1,284)  
Common stock issued for services         100 384  
Right of use assets obtained in exchange for lease liability         $ 0 $ 345  

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