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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income (loss) $ 2,127 $ (20,334)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 213 530
Stock-based compensation 4,331 5,433
Provision for credit losses (384) 55
Common stock warrant liability adjustment (10,207) (283)
Amortization of right of use assets 721 667
Other adjustments, net 37 39
Changes in assets and liabilities:    
Accounts receivable (2,538) 2,925
Prepaid expenses and other assets 674 4,103
Inventory (1,608) 6,222
Accounts payable and accrued and other expenses 1,196 (16,134)
Lease liabilities (955) (1,335)
Other, net (281) 1,355
Net cash used in operating activities (6,674) (16,757)
Cash flows from investing activities    
Purchase of property and equipment (3) (6)
Purchase of intangible assets (118) (13)
Net cash used in investing activities (121) (19)
Cash flows from financing activities    
Proceeds from issuance of preferred stock, net of $394 and $295 of paid transaction costs, respectively 8,856 29,793
Proceeds from short-term borrowings 54,181 52,531
Payments of short-term borrowings (54,528) (51,189)
Proceeds from long-term borrowings 0 500
Payments of long-term borrowings (3,000) (1,500)
Other, net 92 156
Net cash provided by financing activities 5,601 30,291
Net change in cash and cash equivalents (1,194) 13,515
Cash and cash equivalents at beginning of period 16,557 11,231
Cash and cash equivalents at end of period $ 15,363 $ 24,746