Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (16,819) $ (9,047)
Stock-based compensation 313 2,531
Depreciation and amortization 372 234
Loss on extinguishment of warrant liability 504
Change in fair value of warrant liability (7,736)
Loss on extinguishment of debt 2,345  
Change in fair value of notes 7,000
Amortization of deferred debt issuance costs 4,049
Amortization of right of use assets 1,045 239
Other expenses 1,275
Loss on disposal of equipment 235 52
Changes in operating assets and liabilities:    
Prepaid and other assets (14) 3
Accounts payable 886 370
Accrued expenses (742) (182)
Lease liability (1,101) (143)
Net cash used in operating activities (8,388) (5,943)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for acquisition of Amerigen 7 (644)
Purchase of equipment (707) (258)
Purchase of patents (61)
Net cash used in investing activities (1,351) (319)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from the exercise of warrants 2,061
Proceeds from the issuance of common stock / At-the-market offering 2,198 60
Proceeds from the issuance of notes in connection with Line of Credit 2,350
Offering costs for the issuance of common stock / At-the-market offering (91) (2)
Proceeds from a deposit for Series D preferred stock (shares liability)   1,058
Proceeds from issuance of Series F-1 preferred stock 2,328
Proceeds from issuance of Series F-2 preferred stock 748
Proceeds from issuance of January promissory notes, net of fees paid 1,357
Repayment of notes payable (1,997)
Net cash provided by financing activities 8,954 1,116
Net increase / decrease in cash (785) (5,146)
Cash — beginning of period 821 6,130
Cash — end of period 36 984
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of Series E preferred stock in connection with LOC 9,943
Issuance of Series F preferred stock in connection with exchange of Series D preferred stock 450
Issuance of common stock in connection with conversion of notes 516
Issuance of common stock warrants in connection with SLOC 223
Deemed dividend for repricing of Series D preferred stock 6
Commitment to issue shares of common stock in connection with Demand Notes 286  
Unpaid equipment included in accounts payable 92 112
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest $ 8 $ 3