Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v3.21.1
Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (10,871) $ (4,045)
Adjustments to reconcile net loss to net cash used in operating activities:    
Fair value of vested stock options 79
Depreciation and amortization 622 628
Amortization of operating lease right-of-use assets 624 661
Inventory write-down 3,400 270
Changes in operating assets and liabilities    
Accounts receivable (256) 6,793
Inventories 1,418 (5,710)
Prepaid expenses 907 (910)
Income taxes receivable (2,126) 484
Accounts payable (264) (492)
Customer deposits 506 118
Accrued expenses and other current liabilities 110 527
Decrease in lease liabilities (618) (570)
Net cash used in operating activities (6,548) (2,167)
Cash flows from investing activities:    
Acquisition of property and equipment (19) (338)
Net cash used in investing activities (19) (338)
Cash flows from financing activities:    
Proceeds from sale of common stock and warrants 2,812
Proceeds from exercise of warrants 1,174
Proceeds from loan payable 1,715
Repayment of notes payable (328) (255)
Proceeds from advances from credit facility 2,500
Repayment of advances from credit facility (2,500)
Purchase of treasury stock (40)
Net cash provided by (used in) financing activities 5,373 (295)
Decrease in cash and cash equivalents (1,194) (2,800)
Cash and cash equivalents, beginning of period 2,840 5,640
Cash and cash equivalents, end of period 1,646 2,840
Supplemental Cash Flow Information:    
Interest paid 52 52
Taxes Paid
Supplemental non-cash investing and financing activities:    
Property and equipment acquired under notes payable 153
Recording of lease right-of-use assets and lease liabilities 2,847
Reclassification of prepaid expenses to property and equipment $ 114