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
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income (loss) $ (1,212) $ 4,418
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 139 118
Stock-based compensation 67 153
Note discount and interest expense 0 112
Non-cash lease expense 78 53
Benefit from reversal of accrued payroll tax (Note 12) 0 (6,171)
Other 158 312
Change in operating assets and liabilities:    
Accounts receivable (200) 148
Inventory 513 727
Prepaid expenses and other 125 2,778
Accounts payable and accrued expenses (243) (262)
Net cash flows provided by (used in) operating activities (575) 2,386
INVESTING ACTIVITIES    
Acquisition of business, net of cash acquired (40) 0
Net cash flows used in investing activities (40) 0
FINANCING ACTIVITIES    
Repayment of note payable (50) (1,117)
Repayment of unsecured debt (173) (190)
Net cash flows used in financing activities (223) (1,307)
Effect of exchange rate changes on cash (2) 0
Net increase (decrease) in cash (840) 1,079
Cash, beginning of period 1,317 611
Cash, end of period 477 1,690
Supplemental cash flow disclosure:    
Interest paid 6 4
Income Taxes Paid 6 0
Supplemental disclosures of non-cash transactions:    
Services paid with common stock 62 100
Fair value of net assets acquired, excluding cash 447 0
Goodwill on acquisition 393 0
Common stock consideration (700) 0
Contingent consideration (100) 0
Cash paid for acquisition $ 40 $ 0