Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Cash flows from operating activities:      
Net loss for the period $ (6,026) $ (4,146)  
Adjustments to reconcile net loss to net cash flows from operating activities:      
Allowance for credit losses (recoveries) 217 (146)  
Depreciation and amortization 103 243  
Share-based compensation 1,908 1,504  
Amortization of debt issuance costs and original issue discounts 0 15  
Amortization of lease right of use assets, net of accretion in lease liabilities 231 231  
Increase (decrease) in cash resulting from changes in:      
Accounts receivable 846 846  
Inventory, net 78 53  
Prepaid expenses and other current assets 168 165  
Other assets 0 (39)  
Accounts payable and accrued expenses (2,882) (931)  
Lease liabilities (234) (171)  
Contract liabilities (581) (1,464)  
Net cash flows from operating activities (6,172) (3,840) $ (9,000)
Cash flows from investing activities:      
Purchases of property and equipment (183) 0  
Net cash flows from investing activities (183) 0  
Cash flows from financing activities:      
Proceeds from public offering of common stock, net of offering costs 0 16,183  
Payment of At-The-Market offering costs (78) 0  
Proceeds from stock option exercises 21 21  
Payments for taxes related to net share settlement of equity awards (1,305) (151)  
Net cash flows from financing activities (1,362) 16,053  
Net change in cash and cash equivalents (7,717) 12,213  
Cash and cash equivalents, beginning of period 20,104 23,140 23,140
Cash and cash equivalents, end of period 12,387 35,353 $ 20,104
Cash paid for:      
Income taxes 0 0  
Interest $ 0 $ 185