XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
9 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Cash flows from operating activities:    
Net loss $ (8,666) $ (8,177)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 897 1,305
Gain on sales-type leases (99)  
Loss on change in fair value of derivative liability 25  
Loss (Gain) on disposal of fixed assets 59 (54)
Provision for doubtful accounts 10 0
Write-down of inventories 124 0
Forgiveness of PPP loan   (586)
Stock-based compensation expenses 202 947
Warranty reserve (30) (35)
Amortization of ROU 565  
Amortization of debt discount from convertible note 251  
Changes in operating assets and liabilities:    
Accounts receivable 442 (221)
Inventories 1,901 (3,532)
Prepaid expenses and other assets 989 (3,145)
Accounts payable 604 (541)
Accrued liabilities 20 (185)
Deferred revenue (23) (237)
Advance from customer 886 321
Lease liability (735)  
Amount due from related party 36 (103)
Net cash used in operating activities (2,542) (14,243)
Cash flows from investing activities:    
Purchase of property and equipment (162) (722)
Proceeds from disposal of fixed assets   273
Loan made to a related party (400)  
Proceeds from repayment from a related party 400  
Net cash used in investing activities (162) (449)
Cash flows from financing activities:    
Repayment of borrowings   (7)
Proceeds from a related party 541 1,676
Repayment to a related party (481) (1,676)
Proceeds from IPO   13,438
Proceeds from capital injection by a shareholder   7
Proceeds from convertible notes 1,464  
Proceeds from exercise of employee stock options   138
Proceeds received from standby equity purchase agreement 1,227  
Net cash generated from financing activities 2,751 13,576
Increase (Decrease) in cash, cash equivalents and restricted cash 47 (1,116)
Cash, cash equivalents and restricted cash at beginning of the period 389 2,683
Cash, cash equivalents and restricted cash at end of the period 436 1,567
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents 186 1,317
Restricted cash 250 250
Total cash, cash equivalents, and restricted cash 436 1,567
Supplemental cash flow information:    
Income tax paid   7
Interest paid   6
Non-cash investing activities:    
Inventories transferred to property and equipment 497 $ 75
Derivative liability recorded as debt discount $ 294