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 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Operating Activities      
Net loss $ (814) $ (1,836)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Income attributable to non-controlling interest in joint venture 7  
Depreciation and amortization 31 28  
Changes in ROU asset and operating lease liability 11 10  
Share-based compensation 24 55  
Gain on investment in marketable securities 7  
Changes in fair value of warrant liability and warrant modification (66) 130  
Amortization of deferred financing costs 741  
Loss on extinguishment of debt 150  
Changes in operating assets and liabilities:      
Accounts receivable (158) 77  
Inventory (466) 11  
Prepaid expenses and other assets 11 (90)  
Accounts payable 722 (71)  
Accrued expenses and other current liabilities (18) (2)  
Net Cash Used in Operating Activities (709) (797)  
Investing Activities      
Proceeds from sales of marketable securities 485  
Capital expenditures (88)  
Net Cash Provided by Investing Activities 397  
Financing Activities      
Principle payment of notes payable (2) (2,033)  
Net Cash Used in Financing Activities (2) (2,033)  
Net Decrease in Cash (314) (2,830)  
Cash – Beginning of period 1,101 13,350 $ 13,350
Cash – End of period 787 10,520 $ 1,101
Cash paid during the year for:      
Interest  
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