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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net Loss $ (11,035) $ (14,951)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 925 466
Bad debt expense 0 26
Stock-based compensation 1,106 1,072
Non-cash lease costs 227 169
Amortization of debt issuance costs 590 0
Non-cash interest on notes payable 1,038 0
Employee retention credit (2,000) 0
Gain on extinguishment of debt 0 (635)
Gain on termination/modification of lease (385) (17)
Changes in Operating Assets and Liabilities:    
Accounts receivable 118 159
Prepaid expenses and other assets (473) (273)
Accounts payable and accrued expenses 1,018 646
Operating lease liabilities (995) (82)
Deferred revenue 309 645
Net cash used in operating activities (9,557) (12,775)
Investing Activities:    
Capitalization of software development (890) 0
Purchases of property and equipment (223) (1,048)
Proceeds from sale of equipment 0 1
Purchases of intangible assets – domain name 0 (85)
Net cash used in investing activities (1,113) (1,132)
Financing Activities:    
Proceeds from notes payable, net of original issue discount 10,000 0
Payment of debt issue costs (710) 0
Principal payment on notes payable (500) 0
Proceeds from stock options exercised 66 244
Proceeds from public stock offering, net of fees 1,891 4,751
Proceeds from registered direct offering, net of fees 3,312 0
Reduction of finance lease liability (583) (639)
Net cash provided by financing activities 13,476 4,356
Net increase (decrease) in cash and cash equivalents 2,806 (9,551)
Cash and cash equivalents at beginning of period 4,100 16,704
Cash and cash equivalents at end of period 6,906 7,153
SUPPLEMENTAL DISCLOSURE OF CASH FLOW ACTIVITIES:    
Cash paid for interest 30 3
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Common stock issued for lease termination 200 0
Assets acquired under a right of use (“ROU”) operating lease 0 212
Assets acquired under a ROU finance lease $ 0 $ 1,820