XML 33 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities:    
Net loss $ (16,266,000) $ (2,196,000)
Net income from discontinued operations (3,858,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,520,000 1,237,000
Bad debt expense 87,000 (2,000)
Forgiveness of debt - Paycheck Protection Program (1,448,000)
Impairment loss 7,453,000
Loss on disposal of assets 58,000 419,000
Write off of obsolete fixed assets 5,000 148,000
Inventory reserve (47,000) (45,000)
Remeasurement of deferred consideration (750,000)
Amortization of debt issuance costs 1,155,000 327,000
Interest accrued to secured credit facilities 142,000 141,000
Payment of accrued interest on secured credit facilities (149,000)
Write off of debt issuance costs 39,000
Interest accrued to notes payable, related party 98,000
Issuance of common stock in exchange for services for related parties 205,000 205,000
Issuance of common stock in exchange for services for third parties 315,000 425,000
Stock-based compensation 3,000 27,000
Changes in operating assets and liabilities:    
Trade receivables, net 483,000 (750,000)
Inventories 2,114,000 263,000
Prepaid expenses and other assets (50,000) (2,776,000)
Right-of-use assets 992,000 1,000
Accounts payable 465,000 (599,000)
Accrued liabilities 676,000 (619,000)
Other liabilities, related party 725,000 (700,000)
Deferred revenue 18,000 (23,000)
Net lease liabilities (918,000) 5,000
Net cash used in operating activities of continuing operations (877,000) (10,568,000)
Net cash provided by operating activities of discontinued operations 4,620,000
Net cash used in operating activities (877,000) (5,948,000)
Cash Flows From Investing Activities:    
Proceeds from sale of fixed assets 180,000 114,000
Purchases of property and equipment (2,497,000) (265,000)
Net cash used in investing activities of continuing operations (2,317,000) (151,000)
Net cash provided by investing activities of discontinued operations 3,356,000
Net cash provided by (used in) investing activities (2,317,000) 3,205,000
Cash Flows From Financing Activities:    
Issuance of common stock from warrant exercise for cash, net of expenses 2,375,000
Proceeds from exercise of stock options 3,610,000
Proceeds from issuance of stock 198,000 2,485,000
Proceeds from secured credit facilities 3,300,000
Proceeds from note payable, related party 8,000,000
Payments of principal on notes payable, related party (3,500,000)
Payments of principal on secured credit facilities (2,838,000) (3,730,000)
Payments of principal on notes payable (1,219,000) (2,857,000)
Net cash provided by financing activities 641,000 5,183,000
Net increase (decrease) in cash (2,553,000) 2,440,000
Cash at the beginning of the period 3,276,000 836,000
Cash at the end of the period 723,000 3,276,000
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for interest 959,000 468,000
Cash paid for amounts included in measurement of lease liabilities 951,000 717,000
Supplemental Disclosure of Non-Cash Financing Activity    
Dividends issued 150,000 27,000
Issuance of detachable warrants on notes payable 630,000
Right-of-use assets obtained in exchange for lease obligations 770,000 1,963,000
Warrants issued in relation to secured credit facilities 717,000
Deemed dividend-warrant price protection-revaluation adjustment 2,288,000
Issuance of common stock pursuant to Azuñia earn-out 6,860,000
Issuance of notes payable pursuant to Azuñia final earn-out $ 7,842,000