Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:              
Net loss $ (7,052) $ (5,609) $ (4,303) $ (3,959) $ (12,661) $ (8,262)  
Adjustments to reconcile net loss to net cash flows from operating activities:              
Allowance for credit losses (recoveries)         454 (10)  
Depreciation and amortization         285 187  
Share-based compensation         2,952 1,779  
Amortization of debt issuance costs and original issue discounts         28 27  
Amortization of lease right-of-use, net of accretion in lease liabilities         325 267  
Accretion of discounts on short-term investments         (126) (23)  
Increase (decrease) in cash resulting from changes in:              
Accounts receivable         (588) (1,001)  
Inventory, net         94 (1,786)  
Prepaid expenses and other current assets         (438) (1,010)  
Other assets         (25) 30  
Accounts payable and accrued expenses         (282) 679  
Lease liabilities         (293) (261)  
Deferred revenue         (480) 134  
Net cash flows from operating activities         (10,755) (9,250) $ (16,200)
Cash flows from investing activities:              
Purchases of property and equipment         (461) (145)  
Acquisition of licensing rights         (167) (116)  
Purchase of short-term investments         0 (21,590)  
Proceeds from maturities of short-term investments         10,000 0  
Net cash flows from investing activities         9,372 (21,851)  
Cash flows from financing activities:              
Proceeds from stock option and warrant exercises         0 256  
Payments for taxes related to net share settlement of equity awards         (82) 0  
Proceeds from issuance of common stock under employee stock purchase plan         314 260  
Net cash flows from financing activities         232 516  
Net change in cash and cash equivalents         (1,151) (30,585)  
Cash and cash equivalents, beginning of period   $ 27,615   $ 54,109 27,615 54,109 54,109
Cash and cash equivalents, end of period $ 26,464   $ 23,524   26,464 23,524 $ 27,615
Cash paid for:              
Income taxes         0 0  
Interest         $ 369 $ 207