Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (3,834) $ (6,635)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,728 1,520
Amortization of right-of-use assets 87 315
Amortization of intangible assets 67 62
Amortization of debt discount and deferred financing fees 220 222
Provision for bad debts 187 255
Change in fair value of debt derivative liabilities 158 (65)
Investment gains (45) (10)
Stock-based compensation 2,909 3,919
Change in operating assets and liabilities:    
Accounts receivable (2,377) 681
Inventory (2,321) (4,616)
Prepaid expenses and other (489) (262)
Accounts payable and accrued expenses (9,079) (7,291)
Operating lease obligations (452) (360)
Cash paid for interest portion of financing lease obligations (1) (1)
Other long-term liabilities 63 0
Net cash used in operating activities (13,179) (12,266)
Cash flows from investing activities:    
Purchase of property and equipment (256) (924)
Purchase of investments 0 (1,910)
Proceeds from sale of investments 2,000 0
Cash payments for intangible assets (405) (417)
Net cash provided by (used in) investing activities 1,339 (3,251)
Cash flows from financing activities:    
Cash paid for debt portion of financing lease obligations (1) (3)
Proceeds from exercise of stock options and ESPP stock purchases 2,383 207
Net cash provided by financing activities 2,382 204
Net decrease in cash and cash equivalents, and restricted cash (9,458) (15,313)
Cash and cash equivalents, and restricted cash, beginning of period 33,554 37,026
Cash and cash equivalents, and restricted cash, end of period 24,096 21,713
Supplemental disclosures of cash flow activity:    
Cash paid for interest 1,513 1,656
Supplemental disclosure of noncash investing and financing activities:    
Acquisition of property and equipment in accounts payable and accrued expenses 116 516
Acquisition of intangible assets in accounts payable and accrued expenses $ (36) $ 290