v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net loss $ (7,022) $ (14,160)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash lease expense 275 297
Depreciation and amortization 488 731
Loss (gain) on disposal of property, equipment and software, net 8 (9)
Amortization of debt issuance cost 38 38
Equity-based compensation 1,713 2,916
Changes in operating assets and liabilities:    
Accounts receivable, net (2,325) (232)
Inventories 2,878 12,296
Prepaid expenses and other assets 90 2,111
Accounts payable (1,000) (9,109)
Accrued expenses and other current liabilities 772 2,483
Operating lease liabilities (227) (282)
Net cash used in operating activities (4,312) (2,920)
Investing activities:    
Purchases of property, equipment and software (45) (93)
Net cash used in investing activities (45) (93)
Financing activities:    
Proceeds from revolving line of credit 0 8,000
Repayment of revolving line of credit 0 (8,000)
Proceeds from exercise of stock options 59 0
Financing costs paid (54) 0
Net cash provided by financing activities 5 0
Net change from operating, investing, and financing activities (4,352) (3,013)
Cash and cash equivalents at beginning of period 30,653 31,955
Cash and cash equivalents at end of period 26,301 28,942
Non-cash investing and financing activities    
Capital expenditures included in accounts payable 69 81
Financing costs included in accounts payable and accrued expenses and other current liabilities 136 0
Conversion of Class B common stock to Class A common stock 7,709 6,089
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 27 47
Cash paid for income taxes $ 22 $ 79