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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows used in operating activities    
Net loss $ (6,228) $ (6,754)
Adjustments to reconcile net loss to net cash used in operating activities    
Deferred tax benefits (116) (164)
Unrealized (gain) loss on the fair value of investments in bonds held to maturity (229) 67
Accretion of bond discount (15) (224)
Stock-based compensation 881 1,600
Provision for bad debt 213 64
Recovery of bad debt (8)
Inventory valuation adjustments 744 480
Amortization of right-of-use assets, operating assets 236 276
Depreciation and amortization 1,011 913
Impairment on right-of-use assets 83
Changes in assets and liabilities    
Accounts receivable 416 (1,400)
Inventories (1,424) (1,598)
Prepaid expenses and other current assets 64 (278)
Accounts payable 28 505
Accrued expenses 96 445
Accrued director’s compensation 160 (5)
Operating lease obligations (329) (367)
Customer deposits and deferred revenue 493 373
Net cash used in operating activities (3,999) (5,992)
Cash flows used in investing activities    
Cash used for investments held to maturity (949) (10,763)
Cash used in asset acquisition (269)
Proceeds from bond redemption 950
Cash used for property and equipment (519) (502)
Net cash used in investing activities (518) (11,534)
Cash flows used in financing activities    
Principal payments made on notes payable (280) (409)
Net cash used in financing activities (280) (409)
Effect of exchange rate changes on cash (472) (452)
Net decrease in cash and cash equivalents (5,269) (18,387)
Cash and cash equivalents, beginning of the period 8,482 25,627
Cash and cash equivalents, end of the period 3,213 7,240
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 12 11
Supplemental disclosure of non-cash information:    
Notes payable 510 523
Common stock issued in connection with:    
Compensation awards previously accrued 160 200
ROU assets and operating lease obligations recognized (Note 9):    
Operating lease assets recognized
Less: non-cash changes to operating lease assets    
Amortization (236) (276)
Impairment (83)
Loss on lease impairment 83
ROU assets and operating lease obligations recognized (236) (276)
Operating lease liabilities recognized
Less: non-cash changes to operating lease liabilities accretion (329) (367)
Operating lease liabilities recognized $ (329) $ (367)