Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (887) $ (1,098)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 31 48
Stock-based compensation 214 59
Deferred income tax expense (40) 0
Changes in operating assets and liabilities:    
Accounts receivable (73) (112)
Inventories (175) (9)
Deferred consideration 41 39
Prepaid expenses and other current assets (76) (214)
Operating lease right-of-use assets 31 67
Accounts payable 423 28
Accrued expenses and other current liabilities 114 40
Withholding tax payable 95 92
Operating lease liabilities (94) (66)
Deferred revenue (1,137) (97)
Net cash used in operating activities (1,533) (1,223)
Cash flows from investing activities:    
Purchases of property and equipment (23) (49)
Net cash used in investing activities (23) (49)
Cash flows from financing activities:    
Payment on ATM agreement offering 0 (10)
Principal payments on PPP loan (120) 0
Payment of long-term deposits (37)  
Principal payments on short-term debt (230) (199)
Net cash used in financing activities (387) (209)
Effect of exchange rate on cash and cash equivalents 133 72
Net decrease in cash and cash equivalents (1,810) (1,409)
Cash and cash equivalents, beginning of period 7,396 4,220
Cash and cash equivalents, end of period 5,586 2,811
Supplemental disclosure of cash flow information:    
Cash paid for interest 4 4
Cash paid for taxes $ 55 $ 0