Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (10,442) $ (10,136)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 6 126
Non-cash interest expense   98
Amortization of debt discount 62 17
Amortization of acquired intangible assets 814 1,069
Amortization of operating lease right-of-use assets 22 22
Share-based compensation 1,406 646
Changes in operating assets and liabilities:    
Accounts receivable 5,417 466
Inventory (374) 881
Prepaid expenses and other current assets 1,011 832
Accounts payable (2,806) 7,088
Due to related party 3 (43)
Accrued expenses (317) (2,013)
Accrued interest 219 5
Income tax payable (16)  
Lease liabilities (24) (14)
Net cash used in operating activities (5,019) (956)
Cash flows from investing activities    
Acquired intangible assets   (5,000)
Net cash provided by (used in) investing activities   (5,000)
Cash flows from financing activities    
Proceeds from exercise of stock options 68  
Proceeds from issuance of common stock, ATM offering, net of issuance costs 1,484  
Issuance of common stock under ESPP 85  
Proceeds from line of credit   28,000
Repayments of line of credit   (27,948)
Net cash provided by financing activities 1,637 52
Net change in cash (3,382) (5,904)
Cash at the beginning of the period 27,439 32,003
Cash at the end of the period 24,057 26,099
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 267 535
Cash paid for income taxes   $ 7