XML 20 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 5 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash flows from operating activities:      
Net loss $ (7,713,000) $ (8,018,000)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 271,000 330,000  
Non-cash operating lease expense   42,000  
Stock-based compensation 218,000 110,000  
Provision for inventory impairment   82,000  
Amortization of term loan discount   5,000  
Impairment - Goodwill 0   $ 30,300,000
Impairment - Intangibles, net     18,900,000
Change in fair value of convertible notes payable (190,000) (1,673,000)  
Change in fair value of warrant liabilities (38,000) 80,000  
Net change in operating assets and liabilities:      
Accounts receivable, net 34,000 70,000  
Inventory, net 256,000 (281,000)  
Prepaid expenses and other current assets 63,000 90,000  
Accounts payable (193,000) 884,000  
Accrued liabilities (577,000) 678,000  
Accrued transaction costs   199,000  
Other accrued liabilities 658,000 706,000  
Operating lease liabilities   (43,000)  
Net cash used in operating activities (7,211,000) (6,739,000)  
Cash flows from investing activities:      
Purchases of property and equipment (335,000) (162,000)  
Net cash used in investing activities (335,000) (162,000)  
Cash flows from financing activities:      
Proceeds from issuance of convertible notes payable   10,000,000  
Repayment of non-convertible term loan   (429,000)  
Net cash provided by financing activities   9,571,000  
Effect of foreign currency translation on cash and cash equivalents (77,000) 30,000  
Net change in cash and cash equivalents (7,623,000) 2,700,000  
Cash and cash equivalents, at beginning of period 20,586,000 1,383,000  
Cash and cash equivalents, at end of period $ 12,963,000 4,083,000 $ 20,586,000
Supplemental disclosure of cash flow information:      
Cash paid for interest   $ 43,000