v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (22,562) $ (20,266)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 268 210
Non-cash lease expense 216 244
Non-cash inventory write-down 1,307
Equity based compensation 6,532 2,703
Change in fair value of modified options 15
Changes in operating assets and liabilities:    
Accounts receivable (5) (5)
Lease receivables 75 (114)
Employee advances (16)
Inventory (49) 70
Prepaid expenses and other assets (625) (104)
Deferred expense (4)
Deferred revenue (5) (24)
Customer deposits 4
Accounts payable and accrued expenses 724 (87)
Operating lease liabilities (231) (233)
Net cash used in operating activities (14,371) (17,591)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (182) (110)
Net cash used in investing activity (182) (110)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock and warrants, net of issuance costs 12,617 5,820
Proceeds from sale of common stock under at-the-market offerings, net of issuance costs (3) 1,109
Proceeds from the sale of subsidiary stock to non-controlling interest, net of issuance costs 1,971
Net cash provided by financing activities 14,585 6,929
Net increase (decease) in cash and cash equivalents 32 (10,772)
Cash, beginning of the period 357 11,659
Cash, end of the period 389 887
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest
Cash paid during the period for income taxes
Non cash investing and financing activities:    
Common stock issued in settlement of debt 105
Dividend payable on preferred stock charged to additional paid in capital 7 7
Series C convertible preferred stock deemed dividend 125
Record right-to-use assets and related lease liability $ 502

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