Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.24.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss (including amounts attributable to non-controlling interest) $ (4,491,000) $ (8,747,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 254,000 491,000
Equity-based compensation expense 86,000 205,000
Change in provision for doubtful accounts (7,000)
Other 222,000
Changes in operating assets and liabilities, net of the effects of acquisitions:    
Increase in accounts receivable (55,000) (1,388,000)
Decrease in inventories 2,210,000 3,600,000
Decrease (increase) in vendor deposits (195,000) 997,000
Decrease in other current assets 446,000 4,396,000
Increase in accounts payable 807,000 1,904,000
Increase in accrued expenses and other liabilities 864,000 962,000
Decrease in customer deposits (759,000)
Net cash (used in) provided by operating activities (81,000) 1,883,000
Cash flows from investing activities:    
Purchases of property and equipment, net (135,000) (176,000)
Proceeds from sale of assets held for sale
Net cash used in investing activities (135,000) (176,000)
Cash flows from financing activities:    
Payments on Eyce and DaVinci promissory notes (945,000)
Repayments of Asset-Based Loan (6,493,000)
Modification costs of Asset-Based Loan (751,000)
Proceeds from future receivables financing 225,000
Repayments of loan against future accounts receivable (307,000)
Other (10,000)
Net cash used in financing activities (92,000) (8,189,000)
Effects of exchange rate changes on cash 2,000 178,000
Net decrease in cash (306,000) (6,304,000)
Total cash and restricted cash, beginning of period 463,000 12,176,000
Total cash and restricted cash, end of period 157,000 5,872,000
Cash 463,000 6,458,000
Restricted cash 5,718,000
Cash 157,000 5,872,000
Restricted cash
Supplemental disclosures of cash flow information    
Cash paid for interest 444,000
Cash paid for amounts included in the measurement of lease liabilities 563,000
Non-cash investing and financing activities:    
Non-cash purchases of property and equipment $ 143,000