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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net loss $ (2,230) $ (11,633)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Allowance for credit losses 0 170
Inventory allowance 591 81
Amortization of deferred finance and other assets 150 0
Deferred tax expense 0 0
Depreciation and amortization 1,635 1,423
Share-based compensation expense -stock options 200 271
Share-based compensation expense-restricted stock units 1,143 404
Unrealized loss on investment 740 313
(Gain) on sale of equipment 0 (1)
Changes in operating assets and liabilities:    
Trade accounts receivable 2,714 (2,557)
Inventories (2,437) (5,208)
Prepaid expenses and other current assets (314) 56
Other assets (279) (45)
Operating lease ROU assets and lease liabilities (54) (38)
Accounts payable (3,077) 7,015
Accrued compensation and related taxes 159 44
Accrued warranty expense 131 58
Deferred revenue 2,921 884
Accrued other expenses and other current liabilities (338) (237)
Net cash provided by (used in) operating activities 1,655 (9,000)
Investing activities    
Purchases of property, plant and equipment (2,117) (1,750)
Net cash used in investing activities (2,117) (1,750)
Financing activities    
Dividends paid 0 (2,029)
Proceeds from issuance of common stock 1,063 0
Proceeds from issuance of common stock warrants 1,000 0
Proceeds from credit facility and notes payable 74,908 9,722
Repayment of credit facility and notes payable (74,971) (5,605)
Net cash provided by financing activities 2,000 2,088
Net change in cash and cash equivalents 1,538 (8,662)
Cash and cash equivalents, beginning of year 1,918 10,580
Cash and cash equivalents, end of year 3,456 1,918
Supplemental disclosure    
Interest paid 660 190
Non-cash financing activity    
Common Stock issued under restricted stock units 890 364
Cashless exercise of stock options and related conversion of net shares to stockholders' equity $ 4 $ 0