Annual report pursuant to Section 13 and 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

v3.22.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (8,776) $ (18,242)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash gain on difference between fair and carrying value of assets transferred in debt settlement 0 (1,975)
Depreciation and amortization 221 292
Non-cash interest expense 2 498
Non-cash loss on changes in fair value of warrants 0 923
Non-cash loss (gain) on debt extinguishment (661) 81
Stock-based compensation 1,541 7
Finance costs attributable to issuance of warrants 0 211
Other (7) (16)
Changes in operating assets and liabilities:    
Receivables 772 186
Inventory 35 287
Prepaid expenses and other assets 163 391
Accounts payable (1,191) 1,101
Accrued sales allowances 0 (747)
Other accrued liabilities (293) (200)
Deferred revenue 295 0
Net cash used in operating activities (7,899) (17,203)
Cash flows from investing activities:    
Purchases of furniture and equipment (23) (540)
Net cash used in investing activities (23) (540)
Cash flows from financing activities:    
Proceeds from equity offerings 8,841 11,636
Net loan proceeds 0 654
Proceeds from the exercise of warrants 0 7,243
Payments of long-term debt 0 (1,600)
Net cash provided by financing activities 8,841 17,933
Net increase in cash and cash equivalents 919 190
Cash, and cash equivalents at beginning of year 5,413 5,223
Cash, cash equivalents and restricted cash at end of year 6,332 5,413
Supplemental disclosure of cash flow information    
Interest paid 0 295
Right of use asset obtained in exchange for lease liability, net of amortization 149 (272)
Retirement of property and equipment 1,372 0
Accumulated depreciation on retired property and equipment $ (1,372) $ 0