v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (4,140) $ (2,372)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 337 258
Loss on disposal of property and equipment 3 0
Amortization of intangible assets 1,513 1,483
Stock-based compensation 2,455 1,936
Change in fair value of contingent consideration 0 1,557
Deferred tax liability 18 (2,291)
Changes in operating assets and liabilities:    
Trade accounts receivable 935 (5,735)
Inventory 328 (1,861)
Prepaid expenses and other current assets (554) (265)
Other assets 75 48
Accounts payable 1,159 2,356
Accrued compensation (193) (871)
Accrued liabilities and other 94 217
Lease liabilities (50) (39)
Net cash provided by (used in) operating activities 1,980 (5,579)
Cash flows from investing activities:    
Cash paid for acquisition, net of cash acquired 0 (14,185)
Purchases of property and equipment (174) (409)
Proceeds from sale of equipment 10 0
Net cash used in investing activities (164) (14,594)
Cash flows from financing activities:    
Cash paid for business acquisition (7,015) 0
Proceeds from issuance of common stock, net 136 2,240
Net cash (used in) provided by financing activities (6,879) 2,240
Net decrease in cash, cash equivalents and restricted cash (5,063) (17,933)
Cash, cash equivalents, and restricted cash; beginning of period 14,686 38,348
Cash, cash equivalents, and restricted cash; end of period 9,623 20,415
Supplemental disclosure of cash flow information:    
Taxes paid 110 58
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets recorded upon adoption of ASC 842 0 3,199
Leased liabilities recorded upon adoption of ASC 842 0 3,519
Operating lease liabilities resulting from right-of-use assets 254 0
Accrual of property and equipment 429 94
Cash and cash equivalents 9,448 20,240
Restricted cash included in prepaid expenses and other current assets and other assets long term 175 175
Total cash, cash equivalents, and restricted cash $ 9,623 $ 20,415

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