v3.22.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net loss $ (1,836) $ (704)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 28 27
Changes in ROU asset and operating lease liability 10 0
Share-based compensation 55 90
Changes in fair value of warrant liability 130 (6)
Loss of extinguishment of debt 150 25
Amortization of deferred financing costs 741 108
Beneficial conversion feature in excess of face value 0 51
Changes in operating assets and liabilities:    
Accounts receivable 77 (23)
Inventory 11 (19)
Prepaid expenses and other assets (90) 121
Accounts payable (71) (14)
Accrued expenses and other liabilities (2) (1)
Net Cash Used in Operating Activities (797) (345)
Investing Activities    
Capital expenditures 0 (267)
Net Cash Used in Investing Activities 0 (267)
Financing Activities    
Issuance of common stock, net of issuance costs 0 285
Proceeds from notes payable 0 15
Principle payment of notes payable (2,033) (15)
Proceeds from notes payable (PPP) 0 128
Proceeds from convertible notes 0 1,337
Principal payment on convertible notes 0 (100)
Net Cash Provided by Financing Activities (2,033) 1,650
Net Increase in Cash (2,830) 1,038
Cash - Beginning of period 13,350 32
Cash - End of period 10,520 1,070
Cash paid during the year for:    
Interest 0 0
Taxes 0 0
Supplemental Non-cash Investing and Financing activities    
Fair value of beneficial conversion and warrant features of Convertible Notes Payable 0 1,276
Original Issue Discounts Recognized On Convertible Notes Payable 0 343
Warrants issued for debt and equity financing costs $ 0 $ 130

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