XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net income (loss) $ 4,702 $ (2,520)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Inventories allowances 27 (61)
Allowance for credit losses on accounts receivable 122 0
Amortization of deferred financing costs and other assets 75 113
Depreciation and amortization 1,251 1,218
Gain on sale of equipment (2) 0
Loss on investments 91 831
Changes in operating assets and liabilities:    
Trade accounts receivable (1,565) 1,506
Inventories 5,251 593
Prepaid expenses and other current assets (832) (385)
Capitalized product development cost (751) 0
Other assets 35 (277)
ROU assets and lease liabilities (49) (38)
Accounts payable (3,931) (1,135)
Accrued compensation and related taxes 782 412
Accrued warranty expense 184 145
Deferred revenue 1,430 2,660
Accrued other expenses and other current liabilities 765 (58)
Net cash provided by operating activities 8,210 3,940
Investing activities    
Purchases of property, plant, and equipment (871) (1,835)
Net cash used in investing activities (871) (1,835)
Financing activities    
Proceeds from common stock issuance 0 63
Proceeds from the credit facility and notes payable 46,359 58,896
Repayment of the credit facility and notes payable (52,981) (58,916)
Net cash (used in) provided by financing activities (6,622) 43
Net change in cash and cash equivalents 717 2,148
Cash and cash equivalents, beginning of period 3,456 1,918
Cash and cash equivalents, end of period 4,173 4,066
Supplemental disclosure    
Cash paid for interest 357 487
Non-cash financing activity    
Common stock issued under restricted stock units 376 556
Share-Based Payment Arrangement, Option [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Share-based compensation expense 210 163
Restricted Stock Units (RSUs) [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Share-based compensation expense $ 415 $ 773