Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (10,062) $ (14,915)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 341 381
Amortization of debt issuance costs 184 195
(Gain) loss on change in estimated fair value of contingent royalty obligation (103) 29
Share- based compensation 364 1,423
Issuance of common stock for board of directors’ compensation 177
Impairment of inventory 221 159
Impairment of fixed assets 46
Amortization on operating lease right-of-use asset 176 253
Loss on lease termination 11  
Changes in operating assets and liabilities:    
Accounts receivable (43) (52)
Inventory (16) (843)
Prepaid expenses and other current assets 266 (167)
Accounts payable and accrued expenses (503) 79
Operating lease liabilities - current and non-current (183) (255)
Other current liabilities 9 61
Net cash used in operating activities (9,338) (13,429)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (104) (215)
Net cash used in investing activities (104) (215)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common shares 121 4,544
Fractional shares paid in cash pursuant to reverse stock split (11)
Repayment of term debt (2,010)
Gross proceeds from private placement offering 3,537
Equity financing fees (524) (158)
Net cash provided by financing activities 1,124 4,375
NET DECREASE IN CASH AND CASH EQUIVALENTS (8,318) (9,269)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 14,042 22,563
CASH AND CASH EQUIVALENTS AT END OF PERIOD 5,724 13,294
CASH PAID FOR:    
Interest 690 779
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for prepaid board of directors’ compensation 58
Reclassification of inventory to fixed assets 13 163
Reclassification of prepaid expenses to fixed assets 4
Purchase of fixed assets in accounts payable and accrued expenses 12
Financing costs included in accounts payable and accrued expenses 38 13
Extinguishment of contingent royalty obligation 1,109
Operating lease liabilities arising from obtaining right-of-use assets 3
Non-cash issuance costs from private placement 264
Right-of-use asset obtained in exchange for lease obligation $ 69