Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income (loss) $ 3,966 $ (6,265)
Less: Gain (loss) from discontinued operations, net of tax 8,644 (741)
Net loss from continuing operations (4,678) (5,524)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Realized loss on marketable debt securities 0 18
Depreciation and amortization 1,482 1,605
Amortization of debt discount 372 140
Amortization on operating lease right-of-use assets 121 110
Stock-based compensation expense 521 1,589
Inventory reserve 0 (63)
Loss from disposal of fixed assets 45 0
Debt extinguishment loss 431 0
Changes in operating assets and liabilities:    
Accounts receivable (146) 1,139
Inventory (2) 215
Prepaid expenses and other current assets (636) (700)
Deferred tax asset 0 (2,612)
Other assets 0 847
Accounts payable and accrued expenses (391) 2,542
Accrued diagnostic services 12 (46)
Accrued advertising and other allowances 0 (16)
Deferred revenue (143) (752)
Deferred tax liability 0 0
Lease liabilities 9 (459)
Income tax payable (523) (273)
Other liabilities (452) (639)
Net cash used in operating activities - continuing operations (3,978) (2,879)
Net cash provided by (used in) operating activities - discontinued operations 597 (2,261)
Net cash used in operating activities (3,381) (5,140)
Cash flows from investing activities    
Proceeds from sales of marketable securities 0 3,374
Proceeds from sales of fixed assets 53 0
Capital expenditures 0 (867)
Net cash provided by investing activities - continuing operations 53 2,507
Net cash provided by (used in) investing activities - discontinued operations 800 (72)
Net cash provided by investing activities 853 2,435
Cash flows from financing activities    
Proceeds from issuance of note payable, net 204 2,460
Proceeds from issuance of common shares, net 3,278 0
Repayment of note payable (1,509) (185)
Net cash provided by financing activities - continuing operations 1,973 2,275
Net cash used in financing activities - discontinued operations (35) (4)
Net cash provided by financing activities 1,938 2,271
Decrease in cash and cash equivalents (590) (434)
Cash and cash equivalents at the beginning of the period 678 1,609
Cash and cash equivalents at the end of the period 88 1,175
Supplemental disclosures:    
Cash paid for income taxes 256 318
Interest payments 376 642
Supplemental disclosure of non-cash investing and financing activities:    
Issuance of common stock as commitment fee for future financing $ 158 $ 0