Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:    
Net loss $ (37,437) $ (34,486)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 4,455 5,668
Loss on impairment of goodwill and intangible assets 11,965
Amortization of debt discount 1,799 2,461
Amortization of debt issuance costs 566
Change in fair value of derivative liability (2,933) (598)
Debt extinguishment costs, net (1,112)
Depreciation and amortization 2,529 1,677
Loss on lease termination 22
(Gain)/loss on disposal of property and equipment 10 (5)
Allowance for doubtful accounts 613 300
Effect of changes in assets and liabilities:    
Accounts receivable (255) (763)
Operating lease right-of-use assets 372 553
Prepaid expenses and other current assets 261 (96)
ERC receivable (1,528)
Other assets (13) (224)
Accounts payable, accrued expenses, and accrued interest 716 1,218
Contract liabilities 354 714
Deferred incentive compensation (377) (521)
Operating lease liabilities (525) (648)
Net cash used in operating activities (19,406) (25,862)
Investing Activities:    
Proceeds from sale of property and equipment 3 11
Capitalized software development costs (4,645) (2,248)
Purchases of intangible assets (82)
Purchases of property and equipment (24) (26)
Net cash used in investing activities (4,748) (2,263)
Financing Activities:    
Proceeds from sale of common stock 24,056 22,066
Proceeds from notes payable 11,020
Advances on future receipts 2,725 12,778
Proceeds from exercise of options 377 802
Proceeds from exercise of warrants 2,784
Payment of advances of future receipts (6,685) (11,168)
Payment of notes payable (4,950)
Payment for debt issuance costs (897) (15)
Net cash provided by financing activities 25,646 27,247
Net change in cash 1,492 (878)
Cash - beginning of period 937 1,815
Cash - end of period $ 2,429 $ 937