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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income (loss) $ 3,274 $ (11,867)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 109 293
Stock-based compensation 2,227 2,789
Provision for credit losses (388) 83
Common stock warrant liability adjustment (9,179) (1,912)
Amortization of right of use assets 356 332
Other adjustments, net 25 94
Changes in assets and liabilities:    
Accounts receivable 2,765 480
Prepaid expenses and other assets 555 1,261
Inventory (1,245) 3,771
Accounts payable and accrued and other expenses (1,158) (5,661)
Other, net (680) 963
Net cash used in operating activities (3,339) (9,374)
Cash flows from investing activities    
Purchase of property and equipment 0 (6)
Purchase of intangible assets (54) (2)
Net cash used in investing activities (54) (8)
Cash flows from financing activities    
Proceeds from issuance of preferred stock, net of $158 and $0 of paid transaction costs, respectively 9,092 30,000
Proceeds from short-term borrowings 28,941 32,895
Payments of short-term borrowings (31,392) (38,635)
Payments of long-term borrowings (1,500) (1,500)
Other, net 92 156
Net cash provided by financing activities 5,233 22,916
Net change in cash and cash equivalents 1,840 13,534
Cash and cash equivalents at beginning of period 16,557 11,231
Cash and cash equivalents at end of period $ 18,397 $ 24,765