XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss and comprehensive loss $ (12,629,000) $ (18,164,000)
Adjustments to reconcile net loss and comprehensive loss to net cash used in operating activities:    
Amortization of debt issuance costs, debt discount, and non-cash interest expense 1,276,000 3,429,000
Depreciation and amortization expense 504,000 426,000
Stock-based compensation, vested and released restricted stock units and exercised stock options 480,000 1,063,000
Change in fair value of financial instruments and hybrid instrument designated at Fair Value Option 359,000 233,000
Shares issued in exchange for services 166,000 14,000
Amortization of operating lease - right-of-use-asset 47,000 29,000
Loss on extinguishment of debt 0 2,815,000
Equity in loss in joint venture 31,000  
Changes in assets and liabilities    
Accounts receivable 892,000 (86,000)
Other receivable 138,000 (117,000)
Inventory (1,660,000) 22,000
Prepaid expenses and other current assets (160,000) 507,000
Other assets (18,000) (5,000)
Accounts payable (134,000) (1,173,000)
Accrued liabilities 816,000 3,341,000
Operating lease liability (53,000) (29,000)
Total cash used in operating activities (9,945,000) (7,695,000)
Cash flows from investing activity    
Purchase of equipment 0  
Costs incurred in software development activities 0  
Total cash used in investing activity 0  
Cash flows from financing activities    
Proceeds from issuance of shares in At the Market offering, net of issuance and offering costs of $30 and $83 in 2023 and 2022, respectively 17,865,000 9,110,000
Proceeds from notes payable with Streeterville 0 (447,000)
Payment of Tempesta Note (50,000)  
Repayment of insurance financing (236,000) (335,000)
Investment from non-controlling interest 1,232,000 (178,000)
Total cash provided by financing activities 18,811,000 8,150,000
Effects of foreign exchange rate changes on assets and liabilities 32,000 (50,000)
Net increase in cash 8,898,000 405,000
Cash at beginning of the year 5,469,000 17,051,000
Cash at end of the year 14,367,000 17,456,000
Supplemental schedule of cash flow information    
Cash paid for interest 6,000 11,000
Supplemental schedule of non-cash financing and investing activities    
Recognition of operating lease - right-of-use asset and operating lease liability 30,000 90,000
Iliad    
Supplemental schedule of non-cash financing and investing activities    
Shares issued in exchange of notes payable and accrued interest 1,275,000 $ 4,233,000
Irving    
Supplemental schedule of non-cash financing and investing activities    
Shares issued in exchange of notes payable and accrued interest $ 627,000