v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (3,361,000) $ (2,005,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 477,000 345,000
Amortization 276,000 296,000
Amortization of right-of-use assets 489,000 750,000
Gain on extinguishment of debt 0 (447,000)
Increase in capital contribution from parent for corporate overhead 1,030,000 1,042,000
Stock-based compensation 139,000 587,000
Realized gains on sale of marketable securities 0 (397,000)
Unrealized losses on marketable equity securities 0 162,000
Changes in operating assets and liabilities:    
Accounts receivable (1,381,000) (1,363,000)
Accrued revenue (109,000) (166,000)
Inventories (1,445,000) (316,000)
Prepaid expenses and other current assets 181,000 20,000
Other assets 37,000 (2,000)
Accounts payable and accrued expenses (461,000) (179,000)
Accounts payable, related parties 49,000 (36,000)
Short term advances, related party 2,498,000 0
Other current liabilities 537,000 210,000
Lease liabilities (483,000) (431,000)
Net cash used in operating activities (1,527,000) (1,930,000)
Cash flows from investing activities:    
Purchases of property and equipment (562,000) (686,000)
Acquisition of GIGA, net of cash received (3,687,000)  
Sales of marketable equity securities 0 430,000
Net cash used in investing activities (4,249,000) (256,000)
Cash flows from financing activities:    
Capital contribution from parent 689,000 4,185,000
Proceeds from notes payable, related party 4,250,000 0
Proceeds from notes payable 1,600,000 0
Payments on notes payable 0 (857,000)
Payments on notes payable, related party 0 (239,000)
Payments on revolving credit facilities, net 0 (129,000)
Net cash provided by financing activities 6,539,000 2,960,000
Effects of exchange rate changes on cash and cash equivalents (279,000) (224,000)
Net increase in cash and cash equivalents 484,000 550,000
Cash and cash equivalents at beginning of period 1,599,000 1,190,000
Cash and cash equivalents at end of period 2,083,000 1,740,000
Supplementary disclosure of cash flow information:    
Cash paid during the period for interest 0 72,000
Non-cash investing and financing activities    
Fair value of convertible note, related party, in excess of cash received 142,000 0
Shares acquired in reverse capitalization $ 4,404,000 $ 0

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