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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating activities:    
Net loss $ (984) $ (7,037)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,106 562
Reserve for inventory obsolescence 713 123
Change in fair value of preferred stock warrant and contingent shares liability (1,109) 1,020
Change in fair value of derivative liability (12,247)  
Deferred tax benefit (21)  
Non-cash interest expense 5,473 256
Stock-based compensation 3,808 813
Allowance for credit losses 3,870 596
Loss on debt extinguishment 171 3,613
Non-cash lease expense 996 535
Forgiveness of recourse promissory note and accrued interest   117
Accretion of interest on marketable securities (508)  
Loss on disposal of property and equipment 17  
Changes in operating assets and liabilities:    
Accounts receivable 5,201 (12,533)
Inventory (37,199) (14,969)
Prepaid expenses and other assets (1,272) (2,459)
Accounts payable (8,577) 10,890
Accrued expenses and other liabilities 3,383 952
Deferred revenue (321) 673
Warranty liability 1,281 958
Deferred rent   (135)
Operating lease liabilities (1,003) (447)
Net cash used in operating activities (37,222) (16,472)
Investing activities:    
Purchase of marketable securities (53,483)  
Cash invested in note receivable   (456)
Acquisition of fSight (16)  
Purchase of intangible assets (450)  
Purchase of property and equipment (2,114) (1,147)
Sales and maturities of marketable securities 25,149  
Net cash used in investing activities (30,914) (1,603)
Financing activities:    
Proceeds from Convertible Promissory Note 50,000 25,000
Repayment of Series 2022-1 Notes (20,833) (4,165)
Repayment of Senior Bonds   (10,000)
Payment of financing costs (358) (3,473)
Proceeds from sale of Series E convertible preferred stock   40,978
Proceeds from Business Combination 2,238  
Proceeds from exercise of stock options 215 325
Payment of tax withholdings on stock options (91)  
Payment of deferred issuance costs related to the Merger   (139)
Payment of issuance costs related to the sale of Series E convertible preferred stock   (208)
Proceeds from common stock warrant redemption, net of issuance costs and payments to warrant holders of non-redeemed warrants 3,653  
Net cash provided by financing activities 34,824 48,318
Net (decrease) increase in cash and restricted cash (33,312) 30,243
Cash, cash equivalents, and restricted cash at beginning of period 37,717 7,474
Cash, cash equivalents, and restricted cash at end of period 4,405 37,717
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,418 1,238
Cash paid for income taxes, net 95 109
Supplemental schedule of non-cash investing and financing activities:    
Financing costs in accounts payable and accrued expenses   2,082
Net assets acquired from ROCG 573  
Operating lease right of use assets obtained in exchange for operating lease liabilities 2,247 1,787
Property plant and equipment in accounts payable 693 $ 135
Non-cash consideration paid for the acquisition of fSight 10,974  
Contingent shares liability from fSight acquisition 2,167  
Fair value of derivative note liability at issuance 23,525  
Dividends on Series D and Series E convertible preferred stock 12,581  
Reclassification of deferred issuance costs to additional paid in capital 2,221  
Conversion of convertible preferred stock into common stock in connection with the Business Combination (Note 3) 87,140  
Issuance of preferred stock upon exercise of preferred warrants 2,008  
Unrealized loss resulting from change in fair value of marketable securities (59)  
Reclassification of convertible note derivative liability to equity $ 11,278