Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (5,239) $ (6,025)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 279 174
Stock-based compensation 533 424
Non-cash interest expense 110 151
Non-cash advertising expense 150
Non-cash lease expense 194 165
Provision for bad debt (18) 12
Changes in operating assets and liabilities:    
Accounts receivable 58 2,956
Prepaid expenses and other current assets (214) 38
Deposits and other assets (212)
Accounts payable 337 37
Accrued expenses and other current liabilities (1,462) (1,080)
Deferred revenue (339) (977)
Lease liability (218) (184)
Customer deposits (30)
Net cash used in operating activities (6,221) (4,159)
Cash flows from investing activities:    
Purchase of property and equipment (173) (453)
Net cash used in investing activities (173) (453)
Cash flows from financing activities:    
Proceeds from loan 5,000
Proceeds from exercise of stock options 85 13
Net cash provided by financing activities 5,085 13
Effect of exchange rate changes on cash and restricted cash (40) (4)
Net decrease in cash and restricted cash (1,349) (4,603)
Cash and restricted cash at beginning of period 21,988 41,587
Cash and restricted cash at end of period 20,639 36,984
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 281 450
Cash paid during the period for income taxes 8 13
Supplemental schedule of non-cash investing and financing activities:    
Property and equipment in accounts payable 235
Operating lease right-of-use asset exchanged for operating lease liability $ 492 $ 2,599