Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flow (Unaudited)

v3.23.1
Condensed Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (1,113) $ (1,120)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 116 135
Changes in operating assets and liabilities    
Accounts receivable (986) 626
Inventories (1,415) (1,468)
Prepaid expenses 777 742
Operating lease right-of-use asset 196 166
Accounts payable 794 216
Customer deposits 643 26
Accrued expenses and other current liabilities 25 5
Operating lease liabilities (193) (175)
Net cash used in operating activities (1,156) (847)
Cash flows from investing activities:    
Acquisition of property and equipment (8)
Net cash used in investing activities (8)
Cash flows from financing activities:    
Proceeds from advances from credit facility 1,127
Repayment of notes payable (63) (60)
Net cash provided by (used in) financing activities 1,064 (60)
Decrease in cash and cash equivalents (92) (915)
Cash and cash equivalents, beginning of period 211 5,101
Cash and cash equivalents, end of period 119 4,186
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Initial recognition of operating lease right-of-use assets and operating lease liabilities $ 2,392