Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating Activities    
Net loss $ (4,310) $ (2,264)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 113 50
Share-based compensation 285 232
Changes in fair value of warrant liability (8) 2
Forgiveness of debt (275) 0
Change in ROU asset and operating lease liability 25 0
Loss of extinguishment of debt 25 0
Amortization of deferred financing costs 1,933 2
Beneficial conversion feature in excess of face value 52  
Changes in operating assets and liabilities:    
Accounts receivable, net (137) 29
Inventory (58) (99)
Prepaid expenses and other assets 63 10
Accounts payable (405) 137
Accrued expenses and other liabilities (18) 62
Deferred revenue (38) 38
Net Cash Used in Operating Activities (2,753) (1,801)
Investing Activities    
Purchase of equipment (269) (312)
Net Cash Used in Investing Activities (269) (312)
Financing Activities    
Issuance of common stock, net of issuance costs 13,471 1,370
Proceeds from notes payable 15 414
Proceeds from convertible notes 2,957 100
Payment of financing costs (115)  
Principal payment of notes payable (15) 0
Principal payment on convertible notes (100) 0
Proceeds from notes payable (PPP) 127 0
Net Cash Provided by Financing Activities 16,340 1,884
Net Increase (Decrease) in Cash 13,318 (229)
Cash - Beginning of period 32 261
Cash - End of period 13,350 32
Non-cash Investing and Financing Activities    
Fair value of beneficial conversion and warrant features of Convertible Notes Payable 2,587 0
Original issue discounts recognized on Convertible Notes Payable 653 0
Warrants issued for debt and equity financing costs 203 0
Operating lease, ROU assets and liabilities 2,050 0
Common Shares issued for acquisition 0 375
Inventory acquired from acquisition 0 21
Accounts payable assumed from acquisition $ 0 $ 13