Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income (loss) $ (506) $ (12,418)
Less: Gain (loss) from discontinued operations, net of tax 8,644 (1,431)
Net loss from continuing operations (9,150) (10,987)
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 2,831 3,141
Amortization of debt discount 849 369
Amortization on operating lease right-of-use assets 210 222
Stock-based compensation expense 1,029 2,385
Loss from lease termination 1,357 0
Employee retention tax credit income (1,549) 0
Inventory reserve 0 (63)
Loss (gain) from disposal of fixed assets 868 (19)
Change in fair value of warrant liability 40 0
Debt extinguishment loss 718 0
Changes in operating assets and liabilities:    
Accounts receivable (28) 3,322
Inventory 313 394
Prepaid expenses and other current assets (803) (777)
Deferred tax asset 0 (4,900)
Other assets 0 847
Accounts payable and accrued expenses 448 3,896
Accrued diagnostic services 44 (87)
Accrued advertising and other allowances 0 (13)
Deferred revenue (410) (768)
Deferred tax liability 0 0
Lease liabilities (29) (927)
Income tax payable (613) (618)
Other liabilities (350) (1,181)
Net cash used in operating activities - continuing operations (4,225) (5,746)
Net cash provided by (used in) operating activities - discontinued operations 597 (4,236)
Net cash used in operating activities (3,628) (9,982)
Cash flows from investing activities    
Proceeds from sales of marketable securities 0 3,374
Proceeds from sales of fixed assets 120 150
Capital expenditures 0 (867)
Net cash provided by investing activities - continuing operations 120 2,657
Net cash provided by (used in) investing activities - discontinued operations 800 (98)
Net cash provided by investing activities 920 2,559
Cash flows from financing activities    
Proceeds from issuance of note payable, net 687 3,868
Proceeds from issuance of note payable to related party, net 500 0
Proceeds from issuance of common shares, net 3,558 4,624
Repayment of note payable (2,511) (888)
Net cash provided by financing activities - continuing operations 2,234 7,604
Net cash used in financing activities - discontinued operations (35) (10)
Net cash provided by financing activities 2,199 7,594
Decrease in cash and cash equivalents (509) 171
Cash and cash equivalents at the beginning of the period 678 1,609
Cash and cash equivalents at the end of the period 169 1,780
Supplemental disclosures:    
Cash paid for income taxes 347 454
Interest payments 672 1,237
Supplemental disclosure of non-cash investing and financing activities:    
Issuance of common stock as commitment fee for future financing 158 0
Issuance of liability classified warrants associated with notes payable 230 0
Accrued offering cost 0 22
Net unrealized (gain) loss, investments in marketable debt securities $ (2) $ 266