Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net income $ 468 $ 351
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 52 356
Interest accretion expense 19 35
Amortization of deferred financing fees 14
Stock-based compensation 79 192
Bad debt expense reversal (100)
Credit loss expense 26
Change in fair value of note payable 98 (33)
Amortization on operating lease right of use asset 108 141
Other changes in operating assets and liabilities:    
Accounts receivable (49) 317
Other current assets 343 107
Accounts payable (176) 532
Accrued salaries and bonus (1,091) (568)
Accrued liabilities 176 (290)
Operating lease liabilities (115) (100)
Long-term liabilities 104 79
Net cash (used in) provided by operating activities (58) 1,133
Cash Flows From Investing Activity    
Purchase of property and equipment (28) (65)
Net cash used in investing activities (28) (65)
Cash Flows From Financing Activities    
Payments made on note payable (600)
Payments on line of credit (300)
Net cash used in financing activities (600) (300)
Net (decrease) increase in cash and cash equivalents (686) 768
Cash and cash equivalents from continuing operations– beginning 3,498 4,828
Cash and cash equivalents from discontinued operations– beginning
Cash and cash equivalents – beginning 3,498 4,828
Cash and cash equivalents from continuing operations– ending 2,812 5,596
Cash and cash equivalents from discontinued operations– ending
Cash and cash equivalents – ending $ 2,812 $ 5,596