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
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (13,803) $ (18,499)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 152 574
Non-cash interest expense   176
Amortization of debt discount 126 296
Amortization of acquired intangible assets 1,629 2,138
Amortization of operating lease right-of-use assets 46 43
Share-based compensation 3,080 1,519
Loss on impairment of intangible assets   3,143
Changes in operating assets and liabilities:    
Accounts receivable 4,605 10,897
Inventory 519 1,993
Prepaid expenses and other current assets 1,182 1,513
Accounts payable (3,545) (4,797)
Due to related party 65 190
Accrued expenses (4,378) 3,941
Accrued interest 229 (77)
Income tax payable (53)  
Lease liabilities (49) (37)
Net cash (used in) provided by operating activities (10,195) 3,013
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 99 3
Proceeds from issuance of common stock, ATM offering, net of issuance costs 1,484  
Issuance of common stock under ESPP 85  
Proceeds from term-loan 5,000  
Proceeds from line of credit   28,000
Repayments of line of credit   (30,948)
Repayment of EWB term-loan   (10,000)
Payment of issuance costs associated with EWB term-loan modification   (91)
Net cash provided by (used in) financing activities 6,668 (13,036)
Net change in cash (3,527) (15,023)
Cash at the beginning of the period 27,439 32,003
Cash at the end of the period 23,912 16,980
Supplemental disclosure of cash flow information:    
Cash paid for interest 756 1,011
Cash paid for income taxes $ 103 $ 85