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
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,113) $ (4,386)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 95 117
Amortization of debt issuance costs 30 62
Gain on change in estimated fair value of contingent royalty obligation (220)
Share based compensation 71 222
Impairment of inventory 165
Amortization on operating lease right-of-use asset 55 73
Changes in operating assets and liabilities:    
Accounts receivable (5) 7
Inventory 17 22
Prepaid expenses and other current assets (19) (312)
Accounts payable and accrued expenses (88) (472)
Operating lease liabilities - current and non-current (60) (74)
Other current and non-current liabilities (6) (6)
Net cash used in operating activities (2,023) (4,802)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (39)
Net cash used in investing activities (39)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common shares 121
Proceeds from exercise of warrants 2,712
Repayment of debt (655)
Payment of debt issuance costs and financing fees (328)
Equity financing fees (375) (19)
Net cash provided by (used in) financing activities 2,009 (553)
NET DECREASE IN CASH AND CASH EQUIVALENTS (14) (5,394)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 4,958 14,042
CASH AND CASH EQUIVALENTS AT END OF PERIOD 4,944 8,648
CASH PAID FOR:    
Interest 81 246
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Issuance of warrants upon settlement of placement agent warrant obligation 154
Non-cash issuance costs from warrant issuance 60
Reclassification of inventory to fixed assets 14
Financing fees incurred but unpaid at period end 69
Right-of-use asset obtained in exchange for lease obligation $ 35