v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (18,512) $ (13,781)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation 176 126
Non-cash lease expense 144 166
Non-cash inventory writedown 1,307 0
Equity based compensation 6,891 2,166
Change in fair value of modified options 0 15
Changes in operating assets and liabilities:    
Accounts receivable (12) 0
Lease receivables 50 0
Employee advances (5) 0
Inventory (19) (145)
Prepaid expenses (564) (277)
Deferred revenue (5) (16)
Accounts payable 159 (731)
Operating lease liabilities (153) (167)
Net cash used in operating activities (10,543) (12,644)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (122) (60)
Net cash used in investing activity (122) (60)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock 9,993 5,820
Proceeds from sale of common stock under a At-the-market offering, net of issuance costs 0 302
Proceeds from the sale of subsidiary stock to non-controlling interest, net of issuance costs 1,567 0
Net cash provided by financing activities 11,560 6,122
Net increase (decrease) in cash and cash equivalents 895 (6,582)
Cash and cash equivalents, beginning of the period 357 11,659
Cash and cash equivalents, end of the period 1,252 5,077
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 0 0
Cash paid during the period for income taxes 0 0
Non cash investing and financing activities:    
Common stock issued in settlement of debt 105 0
Dividend payable on preferred stock charged to additional paid in capital 5 5
Series C convertible preferred stock deemed dividend 0 108
Record right-to-use assets and related lease liability $ 0 $ 502

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