v3.22.2.2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (13,045) $ (26,905)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 555 1,631
Stock-based compensation 1,136 760
Stock issued for services 514
Amortization of lease liability (561)
Loss on disposal of asset 130 59
Deferred income taxes (9)
Gain on termination of lease (730)
Lease termination fee (260)
Bad debt expense 2 685
Changes in operating assets and liabilities:    
Accounts receivable (5,485) 669
Non-trade receivable 1,365 (2,392)
Inventory 1,454 1,438
Prepaid expenses and other current assets 3,415 589
Other assets (1,465) (1,134)
Accounts payable 2,962 3,648
Accrued expenses (482) 248
Warranty liability 32 (234)
Deferred revenue 255 (5)
Income tax payable 71 40
Net cash provided by (used in) operating activities (10,139) (20,912)
Cash flows from investing activities:    
Purchase of property and equipment (6) (20)
Net cash used in investing activities (6) (20)
Cash flows from financing activities:    
Repayment of debt (30) (111)
Proceeds from issuance of common stock, net of costs 14,414 9,046
Proceeds from ESPP purchase of stock 38
Proceeds from exercise of stock options 5
Net cash provided by (used in) financing activities 14,384 8,978
Net increase (decrease) in cash and cash equivalents 4,241 (11,954)
Cash and cash equivalents at beginning of period 11,233 22,141
Cash and cash equivalents at end of period 15,474 10,187
Supplemental disclosure of cash flow information:    
Cash paid for interest 96
Cash paid for income taxes 103 45
Non-cash operating and financing activities:    
Issuance of common stock included in other assets 1,291
Shares issued for consulting services 261
Shares issued under bonus plans $ 253

Source