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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net (loss) $ (3,922) $ (2,907)
Adjustments to reconcile net (loss) income to net cash: (used in) provided by operating activities    
Depreciation 273 180
Allowance for credit losses   191
Non-cash lease expense 39 26
Deferred income tax expenses (benefit) 29  
Loss on financing transaction 876  
Loss (gain) in fair value of warrants liabilities (29)  
Loss (gain) in fair value of convertible notes 475 (287)
Gain on sale of equipment   (17)
Share-based compensation   87
Non-cash PIK interest   21
Increase (decrease) in cash resulting from changes in:    
Trade accounts receivable 1,763 554
Inventories 464 (89)
Deferred transaction costs (483) (1,633)
Other current assets 107 1,254
Trade accounts payable 1,583 1,765
Other current liabilities (18) (59)
Income taxes payable 1,565 9
Income taxes receivable 3 (39)
Contract liabilities (1,028) (66)
Right of use liabilities (36) (24)
Accrued expenses (1,286) 475
Contract liabilities, noncurrent 117 141
Net cash (used in) provided by operating activities 492 (418)
Investing Activities    
Capital expenditures (571) (537)
Proceeds from sale of equipment   30
Net cash used in investing activities (571) (507)
Financing Activities    
Repayments of related party promissory note (200)  
Repayments on stockholder promissory note   (100)
Proceeds from convertible notes   150
Net cash (used in) provided by financing activities (585) 350
Net decrease in cash and cash equivalents (664) (575)
Cash and cash equivalents, beginning of period 1,155 654
Cash and cash equivalents, end of the period 491 79
Supplemental cash flow information    
Interest paid 4  
Income taxes paid   27
Non-cash investing and financing transactions    
Conversion of convertible notes and accrued interest into common stock 4,475  
Proceeds from financing transaction shares 876  
Legacy SMAP    
Non-cash investing and financing transactions    
Conversion of related party promissory note into convertible notes 200  
First Insurance Funding    
Financing Activities    
Repayments of line of credit $ (385)  
B1 Bank    
Financing Activities    
Borrowings under line of credit   $ 300