Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.24.1.1.u2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (2,906) $ 227
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 880 630
Stock-based compensation 324 309
Stock issued for services 110
Other 84 (63)
Changes in operating assets and liabilities:    
Accounts receivable 659 (2,605)
Non-trade receivable 397 1,020
Inventory 1,694 (598)
Prepaid expenses and other current assets 38 139
Contract fulfillment assets (1,248) (699)
Other assets (269) (1)
Accounts payable 540 (524)
Accrued liabilities (404) (2,136)
Deferred revenue (28)
Income tax payable 43 2
Net cash used in operating activities (168) (4,217)
Cash flows from investing activities:    
Purchase of property and equipment (30)
Net cash used in investing activities (30)
Cash flows from financing activities:    
Repayment of debt (37)
Proceeds from exercise of stock options 53
Net cash provided by (used in) financing activities 53 (37)
Net decrease in cash and cash equivalents (145) (4,254)
Cash and cash equivalents at beginning of period 9,397 13,213
Cash and cash equivalents at end of period 9,252 8,959
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 8
Non-cash activities:    
Receivables transferred to satisfy payables (Note 4) $ 11,308