Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.24.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating Activities:    
Net loss $ (21,994) $ (37,437)
Loss from discontinued operations, net of tax 7,150 21,479
Adjustments to reconcile net loss used in operating activities, net of discontinued operations:    
Depreciation and amortization 2,331 1,108
Share-based compensation 2,503 4,455
Amortization of debt discount 310 341
Amortization of debt issuance costs 241 487
Non-cash finance costs 1,239
Gain on lease termination (263)
Loss on disposal of property and equipment 14
Change in fair value of derivative liability (221) (2,933)
Effect of changes in assets and liabilities, net of discontinued operations:    
Prepaid expenses and other current assets 85 (220)
ERC receivable (1,528)
Operating lease right-of-use assets 195 342
Other assets 13
Accounts payable, accrued expenses, and accrued interest (251) 983
Deferred incentive compensation (377)
Operating lease liabilities (80) (397)
Net cash used in operating activities attributable to continuing operations (8,742) (13,683)
Net cash used in operating activities attributable to discontinued operations (1,855) (5,723)
Investing Activities:    
Capitalized software development costs (239) (4,645)
Purchases of property and equipment (32) (20)
Purchases of intangible assets (35) (82)
Net cash used in investing activities attributable to continuing operations (306) (4,747)
Net cash provided by (used in) investing activities attributable to discontinued operations 4,750 (1)
Financing Activities:    
Proceeds from sale of common stock 9,215 24,056
Proceeds from sale of Series C Preferred Stock 2,980
Proceeds from notes payable 1,000 5,020
Proceeds from convertible notes payable 6,000
Payment of convertible note payable – related party (765)
Payment of notes payable (388)
Payment of convertible notes payable (1,350) (4,950)
Proceeds from option exercise 377
Payment for debt issuance costs (780)
Net cash provided by financing activities attributable to continuing operations 10,692 29,723
Net cash used in financing activities attributable to discontinued operations (2,615) (4,077)
Net change in cash 1,924 1,492
Cash - beginning of period 2,429 937
Cash - end of period $ 4,353 $ 2,429