Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flow

v3.23.1
Statements of Cash Flow - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (5,584) $ (1,414)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 507 549
Stock-based compensation 515
Gain from forgiveness of PPP loan payable (1,715)
Changes in operating assets and liabilities    
Accounts receivable 2,013 (3,052)
Employee retention credit receivable (2,000)
Inventories (6,443) 77
Prepaid expenses 1,377 (3,648)
Income taxes receivable 1,570
Decrease in operating lease right-of-use asset 674 649
Accounts payable (98) 16
Customer deposits 1,229 194
Accrued expenses and other current liabilities 25 65
Decrease in lease liability (722) (671)
Net cash used in operating activities (6,507) (9,380)
Cash flows from investing activities:    
Acquisition of property and equipment (25) (71)
Net cash used in investing activities (25) (71)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of offering costs 12,466
Proceeds from exercise of warrants 707
Repayment of notes payable (242) (267)
Proceeds from advances from credit facility 1,884
Net cash provided by financing activities 1,642 12,906
Increase (decrease) in cash and cash equivalents (4,890) 3,455
Cash and cash equivalents, beginning of period 5,101 1,646
Cash and cash equivalents, end of period $ 211 $ 5,101