Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

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Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (6,548) $ (5,584)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 387 507
Stock-based compensation 515
Inventory write-down 450
Changes in operating assets and liabilities    
Accounts receivable 554 2,013
Inventories (1,512) (6,443)
Prepaid expenses 2,174 1,377
Decrease in right-of-use asset 1,000 674
Deposits (15)
Accounts payable 1,532 (98)
Customer deposits (508) 1,229
Accrued expenses and other current liabilities (80) 25
Operating lease liability (864) (722)
Net cash used in operating activities (3,430) (6,507)
Cash flows from investing activities:    
Acquisition of property and equipment (194) (25)
Net cash used in investing activities (194) (25)
Cash flows from financing activities:    
Net proceeds from sale of common stock 1,556
Proceeds from notes payable-related party 257
Repayment of notes payable (205) (242)
Proceeds from line of credit 2,354 1,884
Net cash provided by financing activities 3,962 1,642
Increase (decrease) in cash and cash equivalents 338 (4,890)
Cash and cash equivalents, beginning of period 211 5,101
Cash and cash equivalents, end of period 549 211
Noncash investing and financing activities:    
Initial recognition of right-of-use asset and lease liabilities $ 3,578