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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows - Operating Activities:    
Net loss $ (27,259) $ (30,937)
Adjustments to reconcile net loss to net cash used by operating activities    
Amortization of intangibles 704 713
Depreciation 532 299
Bad debt expense 442 302
Impairment of intangible assets 0 7,185
Stock-based compensation 0 22
Shares issued for services 0 2,546
Shares issued for inducement 0 45
Gain/loss on extinguishment of debt (204) 565
Income tax expense 28 0
Change in fair value of derivative liabilities 2,622 3,193
Loss on issuance of debt 3,572 0
Amortization of debt issuance costs and original issue discount 3,226 484
Accrued interest 1,506 1,098
Interest payable, related parties 212 401
Changes in operating assets and liabilities    
Accounts receivable - trade (395) (2,582)
Inventory 1,916 (553)
Prepaid expenses (118) (54)
Other assets (111) 13
Operating leases 0 (6)
Accounts payable 3,181 3,015
Accrued expenses 1,818 1,169
Accrued employee compensation 1,837 934
Contract liabilities 82 (570)
Net Cash Used by Operating Activities (6,409) (12,718)
Cash Flows - Investing Activities    
Acquisition of UltraMIST, net of $4,000,000 note payable to seller 0 (20,000)
Purchases of property and equipment (529) (53)
Net Cash Flows Used by Investing Activities (529) (20,053)
Cash Flows - Financing Activities    
Proceeds from sale of convertible preferred stock 0 2,450
Proceeds from convertible promissory notes 1,928 1,100
Proceeds from SBA loan 1,033 614
Proceeds from PIPE offering, net of offering costs 0 21,456
Proceeds from senior secured promissory notes 940 13,347
Proceeds from stock option exercises 0 48
Proceeds from factoring 1,737 0
Proceeds from warrant exercises 0 10
Advances from related parties 175 23
Repayments of debt principal on convertible promissory notes, related parties, convertible promissory notes and SBA loans (493) (5,458)
Payments of principal on finance leases (199) (143)
Net Cash Flows Provided by Financing Activities 5,121 33,447
Effect of Exchange Rates on Cash (1) 0
Net Change in Cash During Period (1,818) 676
Cash at Beginning of Period 2,437 1,761
Cash at End of Period 619 2,437
Supplemental Information:    
Cash paid for interest 2,580 436
Non-cash Investing and Financing Activities:    
Reclassification of warrant liabilities to equity 2,030 6,293
Embedded conversion feature on convertible debt 4,138 561
Warrant issuance in conjunction with advances on future cash receipts 1,227 0
Warrant issuance in conjunction with convertible notes 1,055 0
Acquisition of UltraMIST partially financed with convertible promissory note 0 4,000
Conversion of notes payable, related parties 0 2,291
Series C and Series D preferred stock converted to common stock 0 2,450
Exchange line of credit and notes payable, related parties, for convertible promissory notes, related parties 0 1,596
Conversion of short-term notes payable to equity 0 565
Conversion of advance from related parties $ 0 $ 18