Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flow (Unaudited)

v3.21.2
Condensed Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (1,827) $ (7,222)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 420 469
Inventory write-down 2,400
Amortization of operating lease right-of-use asset 484 466
Gain from forgiveness of PPP loan payable (1,715)
Deferred tax assets (655)
Changes in operating assets and liabilities:    
Accounts receivable (2,330) (842)
Inventories 496 132
Prepaid expenses (3,758) 930
Deposits (4)
Income tax receivable 1,570 (1,484)
Accounts payable (102) (255)
Customer deposits 260 491
Accrued expenses and other current liabilities 110 (120)
Decrease in lease liability (498) (458)
Net cash used in operating activities (6,890) (6,152)
Cash flows from investing activities:    
Acquisition of property and equipment (14)
Proceeds from sales of property and equipment, including insurance proceeds (3)
Net cash used in investing activities (14) (3)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of offering costs 12,466
Proceeds from sale of common stock and warrants 2,812
Proceeds from exercise of warrants 707 861
Advance from line of credit 245
Proceeds from PPP Loan 1,715
Repayment of notes payable (209) (247)
Net cash provided by financing activities 12,964 5,386
Increase (decrease) in cash and cash equivalents 6,060 (769)
Cash and cash equivalents, beginning of period 1,646 2,840
Cash and cash equivalents, end of period $ 7,706 $ 2,071