Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (13,912)	$ (11,461)
Reconciliation of net loss to net cash used in operating activities
Depreciation and ROU asset amortization	770	736
Amortization of intellectual property	135	135
Fair value of common stock issued for director fees	96	0
Fair value of common stock issued for consulting services	12	12
Stock-based compensation	1,880	1,737
Warrant expense	181	0
Amortization of deferred financing costs	119	0
Gain on disposal of property, plant and equipment	(23)	(595)
Changes in operating assets and liabilities
Proceeds from leasing of building	12,278	636
Accounts receivable	(64)	131
Inventory	(612)	95
Prepaid expenses and other current assets	91	(19)
Accounts payable	322	(35)
Accrued expenses	1,181	383
Other assets and liabilities	(232)	(427)
Net cash provided by (used in) operating activities	2,222	(8,672)
Cash flows from investing activities:
Purchases of property, plant and equipment	(6,142)	(2,290)
Proceeds from sale of equipment	70	1,432
Equipment deposits and other assets	(222)	(322)
Investment in LINICO	0	(500)
Net cash used in investing activities	(6,294)	(1,680)
Cash flows from financing activities:
Proceeds from issuance of common stock, net of transaction costs	22,947	0
Proceeds from employee stock purchase plan	14	0
Payments on note payable	(6,000)	0
Proceeds from note payable, net	2,931	5,886
Cash paid for tax withholdings on RSUs vesting	(1,092)	0
Proceeds from ATM, net	3,788	5,622
Net cash provided by financing activities	22,588	11,508
Net decrease in cash and cash equivalents	18,516	1,156
Cash and cash equivalents at beginning of period	7,082	8,137
Cash and cash equivalents at end of period	25,598	9,293
Supplemental disclosure of cash flows information
Cash paid for income taxes	0	2
Cash paid for interest	399	7
Supplemental disclosure of non-cash transactions
Acquisitions of property, plant and equipment included in accounts payable	39	(218)
Acquisitions of property, plant and equipment included in accrued expenses	674	(136)
Increase in equity included in accrued expenses	$ 608	$ 0