XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (2,846) $ (4,449)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 108 101
Amortization of intangible assets 182 292
Amortization of capitalized software development costs 197 167
Amortization of deferred financing costs 19 15
Amortization of debt discount 702 556
Loss on debt settled in shares 72 145
Stock-based compensation expense 20 531
Credit loss expense 65 30
Change in fair value of derivative instruments, net 753 (240)
Deferred income taxes (1) 6
Foreign currency transaction loss 0 135
Changes in assets and liabilities:    
Contract receivables 704 (254)
Prepaid expenses and other assets 398 1,472
Accounts payable, accrued compensation and accrued expenses 899 1,724
Billings in excess of revenue earned (140) (992)
Accrued warranty (62) (72)
Other liabilities (916) 10
Net cash provided by (used in) operating activities 154 (823)
Cash flows from investing activities:    
Capital expenditures (3) (13)
Capitalized software development costs (208) (239)
Net cash used in investing activities (211) (252)
Cash flows from financing activities:    
Repayment of insurance premium financing (441) (486)
Proceeds from issuance of long-term debt and warrants 0 1,800
Payments of debt issuance and original discount on issuance of long-term debt and warrants 0 (386)
Principal repayment of convertible note (397) (768)
Tax paid for shares withheld (69) (77)
Net cash (used in) provided by financing activities (907) 83
Effect of exchange rate changes on cash (28) (29)
Net decrease in cash, cash equivalents and restricted cash (992) (1,021)
Cash, cash equivalents and restricted cash at beginning of the period 3,711 4,376
Cash, cash equivalents and restricted cash at the end of the period 2,719 3,355
Cash and cash equivalents 1,254 1,775
Restricted cash, current 379 500
Restricted cash included in other long-term assets 1,086 1,080
Total cash, cash equivalents and restricted cash 2,719 3,355
Non-cash financing activities    
Repayment of convertible note in shares 312 1,276
Establishment of new right-of-use assets 0 1,294
Establishment of new operating lease liability 0 (333)
Discount on issuance of convertible note $ 0 $ 300