v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (11,685,000) $ (9,841,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for doubtful accounts (3,000) 89,000
Depreciation and amortization 392,000 636,000
Stock-based compensation 1,869,000 1,677,000
Non-cash interest expense 329,000 291,000
Amortization of operating lease right-of-use assets and accretion of operating lease liabilities 0 17,000
Impairment loss on investment in unconsolidated limited liability company 455,000 0
Loss from investment in unconsolidated limited liability company 122,000 155,000
Loss on disposal of property and equipment 19,000 9,000
Modification of warrants (0) 373,000
Gain on forgiveness of Paycheck Protection Program loan 0 (1,358,000)
Changes in assets and liabilities:    
Accounts receivable (249,000) (15,000)
Inventory 10,000 855,000
Prepaid expenses and other current assets (352,000) 308,000
Other assets 300,000 141,000
Accounts payable (576,000) (219,000)
Accrued liabilities 577,000 (317,000)
Other noncurrent liabilities (863,000) 211,000
Net cash used in operating activities (9,655,000) (6,988,000)
Cash flows from investing activities:    
Purchase of property and equipment (108,000) (78,000)
Net cash used in investing activities (108,000) (78,000)
Cash flows from financing activities:    
Proceeds from January 2021 Offering, net of issuance costs 0 25,122,000
Proceeds from exercise of common warrants 0 179,000
Proceeds from purchase of common shares under Purchase Agreement with LPC 0 704,000
Proceeds from issuance of common shares from employee stock purchase plan 32,000 0
Net cash provided by financing activities 32,000 25,934,000
Net increase (decrease) in cash and cash equivalents (9,731,000) 18,868,000
Cash and cash equivalents - beginning of period 19,162,000 6,523,000
Cash and cash equivalents - end of period 9,431,000 25,391,000
Supplemental disclosure:    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
Supplemental disclosure of cash flow information as of end of period:    
Forgiveness of Paycheck Protection Program loan 0 1,358,000
Issuance of Series B convertible preferred stock in settlement of dividends 2,565,000 2,271,000
Issuance of note payable in settlement of accrued interest 327,000 289,000
Net transfer of equipment between inventory and property and equipment (137,000) (233,000)
Operating cash outflows from operating leases 138,000 126,000
Purchase Agreement with LPC [Member]    
Cash flows from financing activities:    
Transaction costs $ 0 $ (71,000)

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