XML 22 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net loss $ (23,013) $ (4,596)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization of discount on convertible notes 242 140
Non-cash accrued interest related to convertible notes 341 72
Change in fair value of convertible notes derivative liability 602 27
Change in fair value of forward option 10,170 0
Loss on sale of recycled shares 1 0
PPP loan forgiveness 0 (91)
Stock-based compensation 1,311 14
Changes in operating assets and liabilities    
Other receivables 4 0
Inventory 0 55
Prepaid expenses (1,073) 12
Accounts payable 1,548 (297)
Accrued expenses and other current liabilities 2,073 (450)
Net cash used in operating activities (7,794) (5,114)
Cash flows from financing activities    
Proceeds from issuance of convertible notes 1,681 2,746
Proceeds from recapitalization 9,961 0
Payment of recapitalization transaction costs (1,211) 0
Proceeds from PIPE investors 7,000 0
Payment for forward contracts (11,940) 0
Proceeds from sale of recycled shares 40 0
Proceeds from notes payable 1,878 0
Payment on notes payable outstanding (15)  
Proceeds from PPP loan 0 91
Repayment of Government loans (63) 0
Repayment of PPP loan 0 (20)
Net cash provided by financing activities 7,331 2,817
Net decrease in cash (463) (2,297)
Cash, beginning of period 510 2,807
Cash, end of period 47 510
Supplemental disclosure of cash flow information    
Cash paid for income taxes 1 0
Cash paid for interest 6 0
Supplemental disclosure of noncash flow information    
Conversion of Series A-2 Preferred stock into Series B Preferred stock 2,400 151
Conversion of Preferred stock to common stock 73,349 0
Conversion of convertible notes to common stock 5,989 0
Recapitalization transaction costs in accounts payable 294 0
Recapitalization transaction costs in notes payable 2,209 0
Value of derivative liability on issuance of convertible notes 52 499
Non-cash conversion of accrued expenses into convertible notes 96 114
Other receivables of cash in transit for convertible notes $ 0 $ 58