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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (3,484) $ (25,975)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 330 706
Stock-based compensation 7,046 7,643
Provision for credit losses (347) (165)
Common stock warrant liability adjustment (9,534) (2,679)
Impairment of intangible and other assets 1,892 0
Amortization of right of use assets 870 1,016
Other adjustments, net (490) 74
Changes in assets and liabilities:    
Accounts receivable (2,715) 6,705
Prepaid expenses and other assets 323 4,093
Inventory (4,243) 7,573
Accounts payable and accrued and other expenses (3,011) (19,997)
Lease liabilities (1,130) (1,797)
Other, net (37) 852
Net cash used in operating activities (14,530) (21,951)
Cash flows from investing activities    
Purchase of property and equipment (2) (11)
Purchase of intangible assets (228) (19)
Capitalized internal-use software development costs (492) 0
Net cash used in investing activities (722) (30)
Cash flows from financing activities    
Proceeds from issuance of preferred stock and warrants, net of $394 and $1,513 of paid transaction costs, respectively 8,856 28,487
Proceeds from issuance of common stock, net of $1,041 of paid transaction costs 10,559 0
Proceeds from short-term borrowings 65,225 73,290
Payments of short-term borrowings (65,078) (74,631)
Proceeds from long-term borrowings and issuance of redeemable common stock (Note 4) 7,500 500
Payments of long-term borrowings (5,000) (2,000)
Payments related to debt extinguishment costs (761) 0
Employee taxes paid related to the net share settlement of stock-based awards (723) (358)
Proceeds related to the issuance of common stock under stock plans 372 358
Other, net (373) 269
Net cash provided by financing activities 20,577 25,915
Net change in cash, cash equivalents, and restricted cash 5,325 3,934
Cash, cash equivalents, and restricted cash at beginning of period 16,557 11,231
Cash, cash equivalents, and restricted cash at end of period 21,882 15,165
Supplemental disclosure of non-cash investing and financing activities:    
Conversion of preferred stock 6,469 0
Accretion on preferred stock and redeemable common stock 4,083 3,298
Issuance of common stock warrants to underwriter 382 0
Equity issuance costs included in accounts payable and accrued liabilities 718 0
Debt issuance costs included in accounts payable and accrued liabilities 209 0
Reclassification from long-term to current debt 0 500
Purchases of property and equipment included in accounts payable and accrued liabilities 33 22
Stock-based compensation for software development 45 0
Right of use assets obtained $ 0 $ 46