v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:        
Net loss $ (357) $ 497 $ (385) $ (2,080)
Adjustments to reconcile net loss to net cash flows used in operating activities:        
Depreciation and amortization 201 227 423 459
Amortization of operating lease assets     666 429
Asset impairment charges     1,288
Gain on extinguished/settled lease liabilities (256) (275) (256) (319)
Gain on extinguished trade payable (161)
Share-based compensation     11
Change in fair value of investment     16 120
Change in fair value of convertible promissory note (55) (171)
Amortization of debt discount     91 90
Change in fair value of derivative liabilities 66 (119)
Change in operating assets and liabilities:        
Accounts and other receivables     (39) 153
Inventories     (8) 10
Prepaid expenses and other assets     (138) (72)
Accounts payable and accrued expenses     220 (348)
Deferred grant income     (1,172)
Operating lease liabilities     (1,066) (742)
Contract liabilities     (677) (36)
Net cash flows used in operating activities     (2,646) (1,167)
Cash flows from investing activities:        
Purchase of property and equipment     (154) (15)
Net cash flows used in investing activities     (154) (15)
Cash flows from financing activities:        
Proceeds from long-term debt and notes payable     1,647 2,000
Payments of long-term debt and notes payable     (190) (53)
Payment of financing costs     (9)
Net cash flows provided by financing activities     1,448 1,947
Effect of exchange rate changes on cash     9
Net (decrease) increase in cash and restricted cash     (1,352) 774
Cash and restricted cash, beginning of period     2,318 1,929
Cash and restricted cash, end of period 966 2,703 966 2,703
Supplemental cash flow information:        
Interest     268 294
Income taxes     28
Conversion of Preferred Series 2 stock to common stock     402
Change in operating lease assets and liabilities due to amended leases     607
Issuance of warrants in connection with convertible promissory notes     263
Purchases of property and equipment included in accounts payable and accrued expenses     60
Settled lease liabilities included in accounts payable and accrued expenses     256
Cash 966 2,262 966 2,262
Restricted cash 441 441
Total cash and restricted cash $ 966 $ 2,703 $ 966 $ 2,703

Source