Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net loss $ (13,363) $ (20,157)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 2,618 3,666
Amortization of debt discount 908 1,040
Amortization of debt issuance costs 264
Change in fair value of derivative liability (2,162) 1,945
Debt extinguishment, net (1,030)
Depreciation and amortization 804 814
Loss on lease termination 22
Loss on disposal of property and equipment 10 (6)
Allowance for doubtful accounts 378 249
Effect of changes in assets and liabilities:    
Accounts receivable (812) (253)
Prepaid expenses and other current assets (4) (334)
Operating lease right-of-use assets 172 281
Accounts payable, accrued expenses, and accrued interest 183 740
Contract liabilities 628 271
Deferred incentive compensation (377) (521)
Operating lease liabilities (271) (325)
Net cash used in operating activities (11,002) (13,620)
Investing Activities:    
Proceeds from sale of property and equipment 3 11
Capitalized software development costs (4,108)
Purchases of property and equipment (24)
Purchases of intangible assets (82)
Net cash provided by (used in) investing activities (4,211) 11
Financing Activities:    
Proceeds from sale of common stock 20,150 14,129
Proceeds from notes payable 6,000
Advances on future receipts 7,368
Proceeds from warrant exercise 1,103
Payment of notes payable (1,896)
Payment of advances on future receipts (4,363) (4,734)
Proceeds from option exercise 377 377
Payment for debt issuance costs (445)
Net cash provided by financing activities 19,823 18,243
Net change in cash 4,610 4,634
Cash - beginning of period 937 1,815
Cash - end of period $ 5,547 $ 6,449