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 $ (6,989) $ (8,345)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 1,301 2,402
Amortization of debt discount 536 475
Amortization of debt issuance costs 113
Change in fair value of derivative liability (1,138) (500)
Debt extinguishment, net (939)
Depreciation and amortization 409 414
Loss on lease termination 22
Loss on disposal of property and equipment 10
Allowance for doubtful accounts 189 124
Effect of changes in assets and liabilities:    
Accounts receivable (343) (259)
Prepaid expenses and other current assets 128 (285)
Operating lease right-of-use assets 86 140
Accounts payable, accrued expenses, and accrued interest 237 362
Contract liabilities 76 26
Deferred incentive compensation (377) (377)
Operating lease liabilities (159) (161)
Net cash used in operating activities (5,899) (6,923)
Investing Activities:    
Proceeds from sale of property and equipment 3 5
Capitalized software development costs (2,284)
Purchases of intangible assets (82)
Net cash provided by (used in) investing activities (2,363) 5
Financing Activities:    
Proceeds from sale of common stock 7,538 13,985
Proceeds from notes payable 6,000
Advances on future receipts 4,290
Proceeds from warrant exercise 1,103
Payment of advances on future receipts (2,507) (1,706)
Proceeds from option exercise 377 377
Payment for debt issuance costs (365)
Net cash provided by financing activities 11,043 18,049
Net change in cash 2,781 11,131
Cash - beginning of period 937 1,815
Cash - end of period $ 3,718 $ 12,946

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