Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net Income (Loss) $ (18,914) $ (22,089)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Allowance for credit losses (recoveries) (296) 1,258
Depreciation and amortization 980 626
Share-based compensation 6,907 6,079
Amortization of debt issuance costs and original issue discounts 51 57
Amortization of lease right of use assets, net of accretion in lease liabilities 923 831
Accretion of discounts on short-term investments 0 (126)
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (1,206) (1,804)
Inventory, net 743 1,246
Prepaid expenses and other current assets 262 (113)
Other assets (39) 22
Accounts payable and accrued expenses 3,105 (649)
Lease liabilities (869) (755)
Deferred revenue (597) 1,697
Net cash flows from operating activities (8,950) (13,720)
Cash flows from investing activities:    
Purchases of property and equipment (275) (717)
Acquisition of licensing rights 0 (334)
Proceeds from maturities of short-term investments 0 10,000
Net cash flows from investing activities (275) 8,949
Cash flows from financing activities:    
Proceeds from public offering of common stock, net of offering costs 16,149 0
Repayment of 2020 senior secured convertible note (10,000) 0
Proceeds from stock option exercises 21 0
Proceeds from issuance of common stock under employee stock purchase plan 443 506
Payments for taxes related to net share settlement of equity awards (424) (210)
Net cash flows from financing activities 6,189 296
Net change in cash and cash equivalents (3,036) (4,475)
Cash and cash equivalents, beginning of year 23,140 27,615
Cash and cash equivalents, end of year 20,104 23,140
Cash paid for:    
Income taxes 62 0
Interest $ 480 $ 743