Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Cash Flows

v3.24.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (90) $ (14,087)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,206 2,375
Stock-based compensation 1,496 1,551
Loss on disposal of assets 130
Stock issued for services 388 514
Gain on termination of lease (730)
Credit losses 159 5
Other 97 (788)
Changes in operating assets and liabilities:    
Accounts receivable (3,030) (11,635)
Non-trade receivable 1,308 (14)
Inventory (2,607) 1,634
Prepaid expenses and other current assets 426 4,045
Contract fulfillment assets (4,543) (6,236)
Other assets (43) (448)
Accounts payable (1,279) 11,653
Accrued liabilities 1,380 (369)
Deferred revenue (19) 20
Income tax payable 99 20
Net cash used in operating activities (4,052) (12,360)
Cash flows from investing activities:    
Purchase of property and equipment (36) (8)
Net cash used in investing activities (36) (8)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of costs 14,415
Proceeds from exercise of stock options 419
Repayment of long-term debt (147) (67)
Net cash provided by financing activities 272 14,348
Net increase (decrease) in cash and cash equivalents (3,816) 1,980
Cash and cash equivalents at beginning of the year 13,213 11,233
Cash and cash equivalents at end of the year 9,397 13,213
Supplemental disclosure of cash flow information:    
Cash paid for interest 15 97
Cash paid for income taxes $ 42 $ 151