Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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) income $ (8,711,000) $ 1,573,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 559,000 278,000
Stock-based compensation expense 769,000 345,000
Non-cash lease expense 354,000 551,000
Non-cash debt forgiveness 0 (2,000,000)
Change in fair value of warrant liabilities (1,527,000) 0
Change in operating assets and liabilities:    
Accounts receivable (298,000) (828,000)
Inventory (47,000) 223,000
Prepaid expenses and other assets (2,239,000) (419,000)
Accounts payable (600,000) (356,000)
Accrued expenses and other liabilities 358,000 (103,000)
Lease liabilities (411,000) (597,000)
Deferred revenue (373,000) (131,000)
Net cash used in operating activities (12,166,000) (1,464,000)
Cash flows from investing activities:    
Purchases of property and equipment (8,454,000) (143,000)
Cash paid for acquisitions, net of cash acquired (8,861,000) 0
Net cash used in investing activities (17,315,000) (143,000)
Cash flows from financing activities:    
Proceeds from issuance of common stock 288,000 71,000
Proceeds received from exercise of preferred stock warrants 0 60,000
Repayments of loans payable 0 (958,000)
Net cash provided by (used in) financing activities 288,000 (827,000)
Net change in cash and cash equivalents and restricted cash (29,193,000) (2,434,000)
Effect of change in foreign currency exchange rates on cash and cash equivalents and restricted cash (86,000) 120,000
Cash and cash equivalents and restricted cash at beginning of period 79,819,000 8,709,000
Cash and cash equivalents and restricted cash at end of period 50,540,000 6,395,000
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 0 63,000
Deferred offering costs $ 0 $ 1,820,000