Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Operating Activities          
Net loss $ (550) $ (1,227) $ (2,059) $ (4,098)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Income attributable to non-controlling interest in joint venture     58  
Depreciation and amortization     103 84  
Changes in ROU asset and operating lease liability     33 29  
Share-based compensation and restricted stock vesting     120 231  
Gain on investment in marketable securities     168 (5)  
Changes in fair value of warrant liability and warrant modification     (96) (3)  
Amortization of deferred financing costs     1,325  
Warrant modification expense 57 57  
Loss on extinguishment of debt 150  
Changes in operating assets and liabilities:          
Accounts receivable     (936) (56)  
Inventory     (588) (108)  
Prepaid expenses and other assets     (227) (162)  
Accounts payable     808 104  
Accrued expenses and other current liabilities     (67) 109  
Deferred revenue     34  
Net Cash Used in Operating Activities     (2,649) (2,343)  
Investing Activities          
Proceeds from sales of marketable securities     5,340 1,000  
Investment in marketable securities     (6,980)  
Capital expenditures     (611) (88)  
Net Cash Provided by (Used in) Investing Activities     4,729 (6,068)  
Financing Activities          
Proceeds from margin line of credit     89  
Principle payments of notes payable     (4) (3,512)  
Net Cash Provided by (Used in) Financing Activities     85 (3,512)  
Net Increase (Decrease) in Cash     2,165 (11,923)  
Cash – Beginning of period     1,101 13,350 $ 13,350
Cash – End of period $ 3,266 $ 1,427 3,266 1,427 $ 1,101
Cash paid during the year for:          
Interest     7  
Taxes      
Supplemental Non-cash Investing and Financing activities          
Property and equipment contributed as capital investment to JV     500  
ROU asset and operating lease liabilities recognized upon consolidation of JV     $ 334