XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:          
Net loss $ (2,022) $ (8,992) $ (6,471) $ (13,827)  
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:          
Goodwill and intangible asset impairment charge 937 7,505 937 7,505  
Depreciation 43 69 144 213  
Legal settlement     750 0  
Amortization of intangible assets 108 209 400 700  
Amortization of capitalized software development costs     248 255  
Amortization of deferred financing costs     22 11  
Amortization of debt discount     981 925  
Loss on debt settled in shares     145 21  
Stock-based compensation expense     853 1,592  
Credit loss expense (6) 0 24 97  
Change in fair value of derivative instruments, net     (420) (377)  
Foreign currency transaction (gain) loss     152 178  
Deferred income taxes     3 (80)  
Changes in assets and liabilities:          
Contract receivables, net     (736) 922  
Prepaid expenses and other assets     1,891 3,638  
Accounts payable, accrued compensation and accrued expenses     1,572 539  
Billings in excess of revenue earned     76 (818)  
Accrued warranty     (98) (163)  
Other liabilities     (167) (581)  
Net cash provided by operating activities     306 750  
Cash flows from investing activities:          
Capital expenditures     (19) (171)  
Capitalized software development costs     (372) (276)  
Net cash used in investing activities     (391) (447)  
Cash flows from financing activities:          
Repayment of line of credit     0 (1,817)  
Repayment of insurance premium financing     (729) (906)  
Proceeds from issuance of long-term debt and warrants     1,800 5,750  
Payments of debt issuance and original discount on issuance of long-term debt and warrants     (386) (968)  
Principal repayment of convertible note     (1,327) (319)  
Tax paid for shares withheld     (88) (226)  
Net cash (used in) provided by financing activities     (730) 1,514  
Effect of exchange rate changes on cash     (61) (124)  
Net (decrease) increase in cash, cash equivalents and restricted cash     (876) 1,693  
Cash, cash equivalents and restricted cash at beginning of the period     4,376 3,550 $ 3,550
Cash, cash equivalents and restricted cash at the end of the period 3,500 5,243 3,500 5,243 4,376
Cash and cash equivalents 2,041 3,660 2,041 3,660 2,789
Restricted cash, current 378 651 378 651 1,052
Restricted cash included in other long-term assets 1,081 932 1,081 932 535
Total cash, cash equivalents and restricted cash 3,500 5,243 3,500 5,243 $ 4,376
Non-cash financing activities          
Repayment of convertible note in shares     1,293 320  
Establishment of new right-of-use assets     333 60  
Establishment of new operating lease liability     (333) (58)  
Discount on issuance of convertible note $ 300 $ 750 $ 300 $ 750