v3.24.1.1.u2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net loss $ (853) $ (814)
Adjustments to reconcile net loss to net cash used in operating activities:    
Income (loss) attributable to non-controlling interest in joint venture (52) 7
Depreciation and amortization 62 31
Share-based compensation and restricted stock vesting 54 24
Gain on investment in marketable securities (34) 7
Changes in fair value of warrant liability 53 (66)
Amortization of right of use asset 52 49
Changes in operating assets and liabilities:    
Accounts receivable (106) (158)
Inventory (50) (466)
Prepaid expenses and other assets 64 11
Accounts payable (180) 722
Accrued expenses and other current liabilities (287) (18)
Deferred revenue 230
Operating lease liability (45) (38)
Net Cash Used in Operating Activities (1,092) (709)
Investing Activities    
Proceeds from sales of marketable securities 34 485
Capital expenditures (152) (88)
Net Cash Provided by (Used in) Investing Activities (118) 397
Financing Activities    
Proceeds from rights offering, net of expenses 946
Principal payment on financing lease liability (9)
Principal payments of notes payable (8) (2)
Net Cash Provided by (Used in) Financing Activities 929 (2)
Net Decrease in Cash (281) (314)
Cash – Beginning of period 2,700 1,101
Cash – End of period 2,419 787
Cash paid during the year for:    
Interest 10
Taxes
Supplemental Non-cash Investing and Financing activities    
Property and equipment financed under notes payable 165
Property and equipment financed under financing leases 416
Property and equipment contributed as capital investment to JV 500
ROU asset and operating lease liabilities recognized upon consolidation of JV $ 334

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