Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 227 $ (7,212)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 630 190
Stock-based compensation 309 283
Stock issued for services 110
Amortization of lease liability and lease interest expense (63) (199)
Bad debt repayment 2
Changes in operating assets and liabilities:    
Accounts receivable (2,605) 378
Non-trade receivable 1,020 (1,730)
Inventory (598) 324
Prepaid expenses and other current assets 139 2,295
Contract fulfillment assets (699)
Other assets (1) 592
Accounts payable (524) 3,966
Accrued expenses (2,136) 315
Deferred revenue (28) 161
Income tax payable 2 26
Net cash used in operating activities: (4,217) (609)
Cash flows from investing activities:    
Purchase of property and equipment (3)
Net cash used in investing activities (3)
Cash flows from financing activities:    
Repayment of current portion of long-term debt (37) (36)
Proceeds from issuance of common stock, net of costs 45
Net cash provided by (used in) financing activities (37) 9
Net increase (decrease) in cash and cash equivalents (4,254) (603)
Cash and cash equivalents at beginning of period 13,213 11,233
Cash and cash equivalents at end of period 8,959 10,630
Supplemental disclosure of cash flow information:    
Cash paid for interest 39
Cash paid for income taxes 1
Non-cash activities:    
Shares issued under bonus plans 253
Operating lease ROU assets exchanged for lease liabilities $ 255