Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (22,089) $ (16,435)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Allowance for credit losses (recoveries) 1,258 (117)
Depreciation and amortization 626 244
Share-based compensation 6,079 4,126
Amortization of debt issuance costs and original issue discounts 57 55
Amortization of lease right of use assets, net of accretion in lease liabilities 831 533
Accretion of discounts on short-term investments (126) (284)
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (1,804) (211)
Inventory, net 1,246 (4,421)
Prepaid expenses and other current assets (113) (1,216)
Other assets 22 (6)
Accounts payable and accrued expenses (649) 1,591
Lease liability (755) (541)
Deferred revenue 1,697 515
Net cash flows from operating activities (13,720) (16,167)
Cash flows from investing activities:    
Purchases of property and equipment (717) (253)
Acquisition of licensing rights (334) (893)
Purchase of short-term investments 0 (21,590)
Proceeds from maturities of short-term investments 10,000 12,000
Net cash flows from investing activities 8,949 (10,736)
Cash flows from financing activities:    
Proceeds from stock option and warrant exercises 0 268
Proceeds from issuance of common stock under employee stock purchase plan 506 477
Payments for taxes related to net share settlement of equity awards (210) (336)
Net cash flows from financing activities 296 409
Net change in cash and cash equivalents (4,475) (26,494)
Cash and cash equivalents, beginning of year 27,615 54,109
Cash and cash equivalents, end of year 23,140 27,615
Cash paid for:    
Income taxes 0 0
Interest $ 743 $ 523