Annual report [Section 13 and 15(d), not S-K Item 405]

Statements of Cash Flows

v3.25.1
Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (4,677) $ (6,548)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 167 387
Inventory write-down 900 450
Changes in operating assets and liabilities    
Accounts receivable (477) 554
Inventories 2,729 (1,512)
Prepaid expenses 402 2,174
Employee retention credit receivable 2,000
Income taxes receivable 787
Operating lease right-of-use asset 1,173 1,000
Deposits (15)
Accounts payable (1,354) 1,532
Customer deposits (1,011) (508)
Accrued expenses and other current liabilities (51) (80)
Operating lease liability (1,124) (864)
Net cash used in operating activities (536) (3,430)
Cash flows from investing activities:    
Acquisition of property and equipment (19) (194)
Net cash used in investing activities (19) (194)
Cash flows from financing activities:    
Net proceeds from sale of common stock 1,556
Proceeds from notes payable-related party 9 257
Repayment of notes payable (64) (205)
Advances from credit facility, net 559 2,354
Net cash provided by financing activities 504 3,962
Increase (decrease) in cash and cash equivalents (51) 338
Cash and cash equivalents, beginning of period 549 211
Cash and cash equivalents, end of period 498 549
Noncash investing and financing activities:    
Initial recognition of right-of-use asset and lease liabilities $ 3,578