v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:    
Net loss $ (46,971) $ (37,050)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,889 4,115
Stock-based compensation 1,043 1,569
Provision for bad debt 1,426 1,350
Provision for inventory obsolescence 1,048 1,158
Finance expenses and accretion 5,391 2,206
Deferred tax recovery (443) (69)
Loss on sale of subsidiary 23 174
Loss on disposal of property and equipment 93 10
Loss on debt extinguishment 11,355 2,040
Changes in operating assets and liabilities:    
Accounts receivable short- and long-term 12,487 14,891
Inventories 4,463 (324)
Prepaid expenses 470 390
Advances to suppliers (423) 277
Other current assets 800 1,603
Operating right-of-use assets, net 1,235 1,345
Other long-term assets (699) 47
Trade payables (2,211) 1,005
Accrued expenses and other current liabilities (1,607) (5,089)
Current operating lease liabilities (268) (217)
Severance pay funds 85 168
Unearned interest income (868) (1,215)
Long-term operating lease liabilities (1,165) (1,059)
Other long-term liabilities (219) (184)
Net cash used in operating activities (11,066) (12,859)
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:    
Purchases of property and equipment (123) (116)
Net cash used in investing activities (123) (116)
CASH FLOWS FROM FINANCING ACTIVITIES:    
2024 Registered Direct Offering shares and warrants, net of costs $222 977 6,261
2024 Convertible Notes issued to EW, net of costs $393 1,607 0
Proceeds from issuance of common stock 10 816
Proceeds from Short-term Bridge Financing by Madryn, net of costs $342 7,596 0
Dividends from subsidiaries paid to non-controlling interest (126) (275)
Net cash provided by financing activities 10,064 6,802
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (1,125) (6,173)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of year 5,396 11,569
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH — End of year 4,271 5,396
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes 128 124
Cash paid for interest $ 1,610 $ 4,473