| | |
Three
Months Ended
September
30, | | |
Nine
Months Ended
September
30, | |
| | |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| CASH
FLOWS FROM OPERATING ACTIVITIES: | |
| | | |
| | | |
| | | |
| | |
| Net
loss | |
$ | (13,493 | ) | |
$ | (6,489 | ) | |
$ | (27,152 | ) | |
$ | (11,789 | ) |
| Adjustments
to reconcile net loss to net cash used in operating activities: | |
| | | |
| | | |
| | | |
| | |
| Depreciation
and amortization expense | |
| 318 | | |
| 404 | | |
| 935 | | |
| 1,289 | |
| Amortization
of intangible assets | |
| 22 | | |
| 22 | | |
| 66 | | |
| 66 | |
| Stock-based
compensation | |
| 450 | | |
| 608 | | |
| 1,254 | | |
| 2,276 | |
| Equity
compensation for bonus awards and consulting services | |
| 14 | | |
| 108 | | |
| 110 | | |
| 108 | |
| Unrealized
gain on marketable equity securities | |
| — | | |
| 89 | | |
| — | | |
| (8 | ) |
| Change
in fair value of contingent consideration | |
| 7,140 | | |
| (435 | ) | |
| 9,421 | | |
| (16,947 | ) |
| Impairment
losses | |
| — | | |
| 1,811 | | |
| — | | |
| 6,761 | |
| Loss
on disposal of discontinued operations | |
| — | | |
| — | | |
| — | | |
| 1,521 | |
| Impairment
loss on held for sale assets | |
| — | | |
| — | | |
| 169 | | |
| 1,283 | |
| Changes
in operating assets and liabilities: | |
| | | |
| | | |
| | | |
| | |
| Accounts
receivable | |
| (124 | ) | |
| (166 | ) | |
| 275 | | |
| 130 | |
| Inventories | |
| (232 | ) | |
| — | | |
| (232 | ) | |
| — | |
| Prepaid
expenses and other assets | |
| (295 | ) | |
| 78 | | |
| (345 | ) | |
| 645 | |
| Accounts
payable and accrued liabilities | |
| 649 | | |
| 126 | | |
| 263 | | |
| (4,193 | ) |
| Lease
assets and liabilities | |
| — | | |
| 75 | | |
| (123 | ) | |
| (43 | ) |
| Net
cash used in operating activities | |
| (5,551 | ) | |
| (3,769 | ) | |
| (15,359 | ) | |
| (18,901 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| CASH
FLOWS FROM INVESTING ACTIVITIES: | |
| | | |
| | | |
| | | |
| | |
| Proceeds
from sale of equipment | |
| — | | |
| 231 | | |
| — | | |
| 354 | |
| Construction
in progress and purchases of furniture and equipment | |
| (87 | ) | |
| (17 | ) | |
| (302 | ) | |
| (17 | ) |
| Cash
sold in discontinued operations | |
| — | | |
| — | | |
| — | | |
| (1,372 | ) |
| Net
cash used in investing activities | |
| (87 | ) | |
| 214 | | |
| (302 | ) | |
| (1,035 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| CASH
FLOWS FROM FINANCING ACTIVITIES: | |
| | | |
| | | |
| | | |
| | |
| Proceeds
from sale of common shares | |
| — | | |
| — | | |
| 15,807 | | |
| 13,848 | |
| Financing
costs to issue common shares | |
| — | | |
| — | | |
| (538 | ) | |
| (427 | ) |
| Proceeds
from sale of common shares under at-the-market transactions | |
| 18 | | |
| — | | |
| 18 | | |
| — | |
| Financing
costs for at-the-market sales | |
| (187 | ) | |
| — | | |
| (187 | ) | |
| — | |
| Redemption
of Series A redeemable convertible preferred shares | |
| — | | |
| — | | |
| (5,389 | ) | |
| (1,118 | ) |
| Repayment
of financing lease obligations | |
| (86 | ) | |
| (30 | ) | |
| (119 | ) | |
| (87 | ) |
| Net
provided by financing activities | |
| (255 | ) | |
| (30 | ) | |
| 9,592 | | |
| 12,216 | |
| | |
| | | |
| | | |
| | | |
| | |
| NET
CHANGE IN CASH, CASH EQUIVALENTS (INCLUDES DISCONTINUED OPERATIONS) AND RESTRICTED CASH | |
| (5,893 | ) | |
| (3,585 | ) | |
| (6,069 | ) | |
| (7,720 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| CASH,
CASH EQUIVALENTS (INCLUDES DISCONTINUED OPERATIONS) AND RESTRICTED CASH, BEGINNING | |
| 10,956 | | |
| 19,068 | | |
| 11,132 | | |
| 23,203 | |
| CASH,
CASH EQUIVALENTS AND RESTRICTED CASH, ENDING | |
$ | 5,063 | | |
$ | 15,483 | | |
$ | 5,063 | | |
$ | 15,483 | |
