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 $ 3,025 $ 3,274
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 119 109
Stock-based compensation 1,657 2,227
Provision for credit losses 64 (388)
Common stock warrant liability adjustment (6,687) (9,179)
Impairment of intangible and other assets 5 9
Amortization of right of use assets 29 356
Amortization of issuance costs 659  
Other adjustments, net 169 16
Changes in assets and liabilities:    
Accounts receivable (4,453) 2,765
Prepaid expenses and other assets (619) 555
Inventory (1,408) (1,245)
Deferred revenue 1,520 (1,158)
Lease liabilities (48) (477)
Other liabilities 0 (201)
Deferred revenue 42 (22)
Other, net 1 3
Net cash used in operating activities (5,925) (3,356)
Cash flows from investing activities    
Purchase of property and equipment (4) 0
Purchase of intangible assets 0 (37)
Capitalized internal-use software development costs (106) 0
Net cash used in investing activities (110) (37)
Cash flows from financing activities    
Proceeds from issuance of preferred stock, net of $0 and $158 of paid transaction costs, respectively 0 9,092
Proceeds from short-term borrowings 13,424 7,253
Payments of short-term borrowings (11,491) (9,704)
Payments of long-term borrowings 0 (1,500)
Employee taxes paid related to the net share settlement of stock-based awards (395) (31)
Proceeds related to the issuance of common stock under stock plans 395 31
Issuance costs paid related to 2024 preferred stock and warrants (16) 0
Other, net 97 92
Net cash provided by financing activities 2,014 5,233
Net change in cash, cash equivalents, and restricted cash (4,021) 1,840
Cash, cash equivalents, and restricted cash at beginning of period 20,631 16,557
Cash, cash equivalents, and restricted cash at end of period 16,610 18,397
Supplemental disclosure of non-cash investing and financing activities:    
Cash paid for interest 357 419
Purchases of property and equipment included in accounts payable 26 3
Purchases of intangible assets included in accounts payable 33 13
Conversion of preferred stock 0 332
Accretion on preferred stock and redeemable common stock 869 1,328
Equity issuance costs included in accounts payable and accrued liabilities 260 235
Reclassification from long-term to current debt 753 0
Stock-based compensation for software development $ 27 $ 0