Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities:    
Net loss $ (5,176) $ (15,370)
Loss from discontinued operations, net of tax 6,954
Adjustments to reconcile net loss used in operating activities, net of discontinued operations:    
Depreciation and amortization 525 1,166
Share-based compensation 738 1,402
Amortization of debt discount 99 163
Amortization of debt issuance costs 73 127
Change in fair value of derivative liability (1) (206)
Finance costs 90 1,239
Effect of changes in assets and liabilities, net of discontinued operations:    
Prepaid expenses and other current assets (60) 66
Operating lease right-of-use assets 28 134
ERC receivable (735)
Accounts payable, accrued expenses, and accrued interest (796) (285)
Operating lease liabilities (35) (75)
Net cash used in operating activities attributable to continuing operations (5,250) (4,685)
Net cash used in operating activities attributable to discontinued operations (1,855)
Investing Activities:    
Capitalized software development costs (239)
Purchases of property and equipment (77) (5)
Purchases of intangible assets (46)
Net cash used in investing activities attributable to continuing operations (123) (244)
Net cash provided by investing activities attributable to discontinued operations 4,750
Financing Activities:    
Proceeds from sale of common stock offerings 18,596 6,578
Payments for accrued offering costs related to common stock offerings (105)
Payments for accrued offering costs related to preferred stock offering (180)
Payment of notes payable (9) (375)
Payments for deferred offering costs (85)
Payment of convertible notes payable (1,350)
Net cash provided by financing activities attributable to continuing operations 18,217 4,853
Net cash used in financing activities attributable to discontinued operations (1,722)
Net change in cash 12,844 1,097
Cash - beginning of period 4,353 2,429
Cash - end of period $ 17,197 $ 3,526