Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

v3.22.1
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (4,640) $ (4,450)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 216 243
Stock-based compensation 356 589
Accretion of debt discount and issuance costs 4 33
Decrease in fair value of derivative liability 0 (37)
Decrease in fair value of warrant liability (66) (357)
Changes in operating assets and liabilities:    
Receivables (12) (1,344)
Contract assets 117 3
Income taxes receivable / payable (105) (105)
Prepaid expenses and other assets (334) (353)
Accounts payable and other accrued liabilities 214 (379)
Accrued compensation 611 (467)
Deferred revenue (1,014) (1,614)
Net cash used in operating activities (4,863) (5,556)
Investing activities:    
Purchases of property and equipment (8) (29)
Net cash used in investing activities (8) (29)
Financing activities:    
Principal payments on financing obligations (165) (118)
Principal payment on line of credit 0 (1,840)
Proceeds from line of credit 0 1,840
Principal payment on term loan 0 (1,833)
Payment for term loan issuance costs (25) 0
Net proceeds from common stock issuance 0 23,085
Proceeds from issuance of common stock under employee stock plans 0 142
Common stock repurchases to settle employee withholding liability (16) (3)
Net cash provided by (used in) financing activities (206) 21,273
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (22) 9
Net increase (decrease) in cash and cash equivalents (5,099) 15,697
Cash and cash equivalents, beginning of period 20,563 11,878
Cash and cash equivalents, end of period 15,464 27,575
Supplemental disclosures of net cash paid (received) during the period:    
Income taxes, net 0 18
Interest, net 69 17
Non-cash financing activity:    
Reclassification from warrant liability to additional paid-in capital for non-cash exercise $ 0 $ 560