XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,583) $ (23,845)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,106 2,396
Depreciation and amortization 621 669
Loss on disposal of assets 36
Fair value of common stock issued for services 87
Fair value of warrants issued for services 737 711
Change in fair value of warrant liability, net of issuance costs of $645 (10,231)
Excess warrant fair value 6,453
Forgiveness of indebtness income (1,265)
Changes in operating assets and liabilities:    
Accounts receivable 255 746
Operating lease liabilities, net (109) 7
Tenant improvement allowance 516
Prepaid expenses and other current assets 832 126
Deposits 80 (16)
Accounts payable 734 491
Accrued expenses 422 (941)
Employee retention credit liability 1,220
Other liabilities 41 144
Contract liability (611) 638
Net cash used in operating activities (11,946) (19,587)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of property and equipment (803) (924)
Payment for asset purchase (50)
Net cash used in investing activities (853) (924)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the private placement of common stock and pre-funded warrants 12,000
Payments for issuance costs (1,077)
Net cash provided by financing activities 10,923
Net increase (decrease) in cash and cash equivalents (1,876) (20,511)
Cash and cash equivalents at beginning of year 3,519 24,030
Cash and cash equivalents at end of year 1,643 3,519
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Fair value of warrants issued in asset purchase $ 116