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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net loss $ (60) $ (999)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 248 247
Amortization 42 46
Non-cash interest income on held-to-maturity securities (109) (319)
Stock-based compensation, net of forfeitures 337 288
Changes in operating assets and liabilities:    
Accounts receivable (845) 5
Employee retention credit receivable (1,677) 0
Inventory (3) 68
Prepaid expenses, other current assets and other non-current assets 655 363
Accounts payable 842 172
Accrued liabilities and other non-current liabilities (1,215) 520
Net cash (used in) provided by operating activities (1,785) 391
Investing Activities    
Purchases of equipment and patents (316) (201)
Purchases of debt securities (14,072) (14,026)
Maturities of debt securities 11,000 4,000
Net cash used in investing activities (3,388) (10,227)
Financing Activities    
Taxes paid on behalf of award participants (95) 0
Proceeds from exercise of stock options 0 42
Net cash (used in) provided by financing activities (95) 42
Effect of exchange rate fluctuations on cash (36) (51)
Net decrease in cash and cash equivalents (5,304) (9,845)
Cash and cash equivalents at beginning of period 17,578 23,328
Cash and cash equivalents at end of period $ 12,274 $ 13,483