Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net loss	$ (17,112,000)	$ (13,912,000)
Reconciliation of net loss to net cash used in operating activities
Depreciation and ROU asset amortization	867,000	770,000
Amortization of intellectual property	117,000	135,000
Fair value of common stock issued for director fees	23,000	96,000
Fair value of common stock issued for consulting services	150,000	12,000
Stock-based compensation	2,163,000	1,880,000
Warrant expense	0	181,000
Amortization of deferred financing costs	29,000	119,000
Loss (gain) on disposal of property, plant and equipment	448,000	(23,000)
Inventory net realizable value adjustment	268,000	0
Write off of debt issuance costs	563,000	0
Changes in operating assets and liabilities
Proceeds from leasing of building	0	12,278,000
Accounts receivable	(419,000)	(64,000)
Inventory	330,000	(612,000)
Prepaid expenses and other current assets	33,000	91,000
Accounts payable	(43,000)	322,000
Accrued expenses	1,030,000	1,181,000
Other assets and liabilities	(84,000)	(232,000)
Net cash provided by (used in) operating activities	(11,637,000)	2,222,000
Cash flows from investing activities:
Purchases of property, plant and equipment	(7,452,000)	(6,142,000)
Proceeds from sale of equipment	15,000	70,000
Proceeds from note receivable	350,000	0
Equipment deposits	(3,975,000)	(222,000)
Net cash used in investing activities	(11,062,000)	(6,294,000)
Cash flows from financing activities:
Proceeds from issuance of common stock and warrants, net of transaction costs	7,306,000	22,947,000
Proceeds from employee stock purchase plan	35,000	14,000
Payments on note payable	0	(6,000,000)
Principal payments on finance leases	(58,000)	0
Proceeds from note payable, net	0	2,931,000
Cash paid for tax withholdings on RSUs vesting	(552,000)	(1,092,000)
Debt issuance costs	(424,000)	0
Proceeds from ATM, net	2,820,000	3,788,000
Net cash provided by financing activities	9,127,000	22,588,000
Net decrease in cash and cash equivalents	(13,572,000)	18,516,000
Cash and cash equivalents at beginning of period	16,522,000	7,082,000
Cash and cash equivalents at end of period	2,950,000	25,598,000
Supplemental disclosure of cash flows information
Cash paid for income taxes	3,000	0
Cash paid for interest	249,000	399,000
Supplemental disclosure of non-cash transactions
Acquisitions of property, plant and equipment included in accounts payable	758,000	39,000
Acquisitions of property, plant and equipment included in accrued expenses	646,000	674,000
Equity included in accrued expenses	$ 0	$ 608,000