v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited Consolidated Condensed) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net income $ 80 $ 893
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 226 234
Stock-based compensation 127 160
Changes in assets and liabilities related to operations:    
Trade accounts receivable, net (4,216) (1,760)
Inventories, net (1,645) (3,250)
Prepaid expenses and other assets (287) (414)
Accounts payable (654) (330)
Accrued expenses 419 481
Deferred revenue (949) 239
Other receivables (55)
Change in right of use asset and lease liability, net (322) (53)
Net cash used in operating activities (7,221) (3,855)
Investing activities:    
Acquisition of equipment and leasehold improvements 133 (85)
Net cash used in investing activities 133 (85)
Financing activities:    
Proceeds from line of credit - inventory, related party 1,200 200
Proceeds from line of credit – accounts receivable, related party 6,292
Payments to line of credit – accounts receivable, related party (1,960)
Payments to term loans, related party (2,000)
Proceeds from issuance of mezzanine preferred stock 6,000
Proceeds from issuance of stock and exercise of stock options 4 1,996
Net cash provided by financing activities 7,496 4,236
Increase in cash 408 296
Cash at beginning of period 1,409 1,722
Cash at end of period 1,817 2,018
Supplemental cash flow information:    
Interest paid 96 160
Supplemental non-cash investing and financing activities:    
Accounts payable incurred for the purchase of equipment and leasehold improvements 729 286
Right-of-use asset obtained in exchange for a lease liability $ 100