Cash Flow

v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (9,365) $ (7,576)
Reconciliation of net loss to net cash used in operating activities    
Depreciation and ROU asset amortization 455 548
Amortization of intellectual property 90 90
Fair value of common stock issued for director fees 64 0
Fair value of common stock issued for consulting services 12 0
Stock-based compensation 1,286 1,139
Amortization of deferred financing costs 112 0
Gain on disposal of property, plant and equipment (23) (590)
Changes in operating assets and liabilities    
Proceeds from leasing of building 12,278 410
Accounts receivable (90) 273
Inventory (353) 95
Prepaid expenses and other current assets 80 45
Accounts payable 49 (5)
Accrued expenses 1,024 (11)
Other assets and liabilities (147) (357)
Net cash provided by (used in) operating activities 5,472 (5,939)
Cash flows from investing activities:    
Purchases of property, plant and equipment (5,503) (973)
Proceeds from sale of equipment 67 1,145
Equipment deposits and other assets (75) (33)
Investment in LINICO 0 (500)
Net cash used in investing activities (5,511) (361)
Cash flows from financing activities:    
Proceeds from employee stock purchase plan 14 0
Payments on note payable (6,000) 0
Proceeds from note payable, net 2,932 0
Cash paid for tax withholdings on RSUs vesting (577) 0
Proceeds from ATM, net 2,784 4,588
Net cash provided by (used in) financing activities (847) 4,588
Net decrease in cash and cash equivalents (886) (1,712)
Cash and cash equivalents at beginning of period 7,082 8,137
Cash and cash equivalents at end of period 6,196 6,425
Supplemental disclosure of cash flows information    
Cash paid for interest 309 5
Supplemental disclosure of non-cash transactions    
Change in property, plant and equipment resulting from change in accounts payable 349 (218)
Change in property, plant and equipment resulting from change in accrued expenses 210 0
Change in equity resulting from change in accrued expenses $ 608 $ 0

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