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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:    
Net Loss $ (16,229) $ (18,802)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,308 780
Bad debt expense 0 27
Stock-based compensation 1,456 1,260
Non-cash lease costs 304 243
Amortization of debt issuance costs 861 0
Non-cash interest on notes payable 1,463 0
Gain on termination/modification of operating lease (385) (17)
Gain on extinguishment of debt 0 (635)
Changes in operating assets and liabilities:    
Accounts receivable 504 172
Prepaid expenses and other assets (1,533) 7
Accounts payable and accrued expenses 206 218
Operating lease liabilities (1,040) (193)
Deferred revenue (105) 383
Net cash used in operating activities (13,190) (16,557)
Investing Activities:    
Purchases of property and equipment (307) (1,063)
Capitalized software development (1,172) 0
Purchases of intangible assets – domain name 0 (85)
Net cash used in investing activities (1,479) (1,148)
Financing Activities:    
Proceeds from note payable, net of original issue discount 10,000 0
Payments of debt issuance costs (710) 0
Principal payments on notes payable (1,500) 0
Reduction of finance lease liability (645) (699)
Proceeds from public stock offering, net of fees 1,985 5,556
Proceeds from registered direct offering, net of fees 4,296 0
Proceeds from non-registered private placement 100 0
Proceeds from stock options exercised 67 244
Tax withholdings related to stock-based compensation awards (9) 0
Net cash provided by financing activities 13,584 5,101
Net decrease in cash and cash equivalents (1,085) (12,604)
Cash and cash equivalents at beginning of year 4,100 16,704
Cash and cash equivalents at end of year 3,015 4,100
SUPPLEMENTAL DISCLOSURE OF CASH FLOW ACTIVITIES:    
Cash paid for interest 35 20
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Capitalized assets and capitalized software included in accounts payable 261 0
Common stock issued for lease termination 200 0
Assets acquired under a Right of Use (“ROU”) operating lease 0 489
Assets acquired under a ROU finance lease $ 5 $ 1,995