Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net loss $ (1,529) $ (1,038)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 56 21
Share-based compensation 185 104
Change in fair value of warrant liability (8) (4)
Amortization of deferred financing costs 528 0
Loss on debt extinguishment 24 0
Forgiveness of debt (148) 0
Beneficial conversion feature in excess of face value 51 0
Change in ROU asset and operating lease liability 6 0
Changes in operating assets and liabilities:    
Accounts receivable (146) 5
Inventory 7 (34)
Prepaid expenses and other assets 61 19
Accounts payable (67) (106)
Accrued expenses and other liabilities (15) 53
Deferred revenue (38) 0
Net Cash Used in Operating Activities (1,033) (980)
Investing Activities    
Capital expenditures (267) (76)
Net Cash Used in Investing Activities (267) (76)
Financing Activities    
Issuance of common stock, net of issuance costs 285 620
Proceeds from notes payable 15 408
Principle payment of notes payable (15) 0
Proceeds from notes payable (PPP) 128 0
Proceeds from convertible notes 1,337 0
Principal payment on convertible notes (100) 0
Net Cash Provided by Financing Activities 1,650 1,028
Net Increase in Cash 350 (28)
Cash - Beginning of period 32 261
Cash - End of period 382 233
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 1,276 0
Original issue discounts recognized on Convertible Notes Payable 343 0
Warrants issued for debt and equity financing costs 130 0
Common Shares issued for acquisition 0 375
Inventory acquired from acquisition 0 21
Accounts payable assumed from acquisition $ 0 $ 13