Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities    
Net loss $ (1,009) $ (3,547)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 806 969
Depreciation and amortization 391 378
Changes in fair value of derivative liabilities (99) (144)
Non-cash interest expense 53 139
Inventory write-down 0 (107)
Changes in operating assets and liabilities:    
Inventory (3,058) (536)
Prepaids and other assets 3,044 (61)
Accounts payable (143) (816)
Accrued expenses (1,340) (2,733)
Deferred revenue 824 (520)
Operating lease right-of-use assets and liabilities (223) 188
Other liabilities 71 (82)
Net cash used in operating activities (683) (6,872)
Cash Flows from Investing Activities    
Cash paid for acquisitions 0 (2,848)
Purchase of property and equipment (294) (541)
Net cash used in investing activities (294) (3,389)
Cash Flows from Financing Activities    
Payment of issuance costs related to preferred stock and SEPA 0 (15)
Payment on finance agreement (192) 0
Payments related to stock-based award activities, net (196) (521)
Net cash used in financing activities (388) (536)
Net decrease in cash, cash equivalents and restricted cash (1,365) (10,797)
Cash, cash equivalents and restricted cash at beginning of period 11,792 24,304
Cash, cash equivalents and restricted cash at end of period 10,427 13,507
Supplemental Disclosure    
Cash paid for taxes 25 25
Cash paid for interest 169 222
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Purchase of property and equipment in accounts payable and accrued liabilities 48 0
Debt issuance costs in accounts payable and accrued liabilities 0 45
Costs of debt extinguishment in accrued liabilities 0 78
Financing agreement entered into for prepaid insurance 59 0
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 7,160 9,605
Restricted cash, current 2,265 2,900
Restricted cash, noncurrent 1,002 1,002
Total cash, cash equivalents and restricted cash $ 10,427 $ 13,507