Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.22.2
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (11,437) $ (15,966)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 390 1,045
Stock-based compensation 752 475
Amortization of lease liability and lease interest expense (404)
Loss on disposal of asset 27
Deferred income taxes (5)
Bad debt expense (benefit) 2 (45)
Changes in operating assets and liabilities:    
Accounts receivable 5,485 (2,111)
Non-trade receivable 997 (3,985)
Inventory 2,122 (544)
Prepaid expenses and other current assets 2,131 38
Other assets 457 (226)
Accounts payable (1,343) 7,412
Accrued expenses 888 (1,985)
Warranty liability (54) (237)
Deferred revenue 144 867
Income tax payable 26 26
Net cash provided by (used in) operating activities 156 (15,214)
Cash flows from investing activities:    
Purchase of property and equipment (6)
Net cash used in investing activities (6)
Cash flows from financing activities:    
Repayment of debt (73) (74)
Proceeds from subscription agreement prior to issuance of common stock 6,800
Proceeds from issuance of common stock, net of costs 45
Proceeds from ESPP purchase of stock 38
Proceeds from exercise of stock options 5
Net cash provided by (used in) financing activities 6,772 (31)
Net increase (decrease) in cash and cash equivalents 6,922 (15,245)
Cash and cash equivalents at beginning of period 11,233 22,141
Cash and cash equivalents at end of period 18,155 6,896
Supplemental disclosure of cash flow information:    
Cash paid for interest 74
Cash paid for income taxes 103 40
Non-cash operating and financing activities:    
Deferred offering costs in accrued expenses 694
Shares issued under bonus plans $ 253