Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net loss $ (2,059) $ (2,182)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 661 386
Amortization of financing costs and discounts 43 9
Amortization of right-of-use assets 151 93
Loss (gain) on debt extinguishment   (1,950)
Inventory provision 270 276
Provision for warranty expenses 174 44
Stock-based compensation 232 305
Changes in operating assets and liabilities:    
Accounts receivable 653 (3,278)
Inventories (746) (3,341)
Prepaid expenses, other current assets and other assets (253) (107)
Accounts payable and accrued expenses (3,112) 2,324
Accrued salaries and wages and long term liabilities 212 (325)
Accrued warranty reserve (130) (1,990)
Deferred revenue 462 (405)
Net cash used in operating activities (3,442) (10,141)
Cash Flows from Investing Activities:    
Expenditures for property, plant, equipment and rental assets (1,887) (1,200)
Net cash used in investing activities (1,887) (1,200)
Cash Flows from Financing Activities:    
Repayment of notes payable and lease obligations (316) (106)
Cash used in employee stock-based transactions (36) (29)
Net proceeds from issuance of common stock and warrants 36 11,159
Net cash (used in) provided by financing activities (316) 11,024
Net (decrease) increase in Cash and Cash Equivalents (5,645) (317)
Cash and Cash Equivalents, Beginning of Period 22,559 49,533
Cash and Cash Equivalents, End of Period 16,914 49,216
Supplemental Disclosures of Cash Flow Information:    
Interest 1,253 1,324
Income taxes 8 15
Supplemental Disclosures of Non-Cash Information:    
Acquisition of property and equipment through accounts payable and notes payable 2,430 191
Renewal of insurance contracts financed by notes payable 665 567
Issuance of common stock for services to be received   $ 75
Right-of-use assets obtained in exchange for lease obligations $ 512