Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Cash received from interest income $ 108,000 $ 211,000
Cash received from other sources 61,000 0
Cash paid for inventory purchases and other costs of revenue (11,024,000) (12,846,000)
Cash paid for salaries and related expenses (2,715,000) (2,694,000)
Cash paid for other recurring operating expenses (2,030,000) (1,728,000)
Cash paid for other non-recurring expenses (267,000) (58,000)
Cash paid for interest expense (18,000) (21,000)
Cash paid for income taxes 0 (76,000)
Net cash used in operating activities (2,059,000) (2,685,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (22,000) (64,000)
Proceeds from sale or disposal of property and equipment 0 1,000
Net cash used in investing activities (22,000) (63,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of notes payable (129,000) (141,000)
Payments on finance lease liabilities (5,000) (5,000)
Proceeds from note payable, related party, net 0 23,000
Capital contribution of non-controlling interest 0 122,000
Net cash used in financing activities (134,000) (1,000)
Effect of exchange rate on cash (8,000) (32,000)
Net decrease in cash (2,223,000) (2,781,000)
Cash beginning of period 19,960,000 26,307,000
Cash end of period 17,737,000 23,526,000
Reconciliation of net loss to cash flow used by operating activities    
Net loss (1,343,000) (1,701,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 166,000 203,000
Change in provision for doubtful accounts (78,000) 2,000
Change in inventory reserve (15,000) 0
Intangible asset amortization 26,000 698,000
Amortization of operating right-of-use assets 98,000 129,000
Amortization of finance right-of-use assets 5,000 5,000
Impairment loss 0 132,000
Stock-based compensation 7,000 612,000
Change in operating assets and liabilities:    
Accounts receivable (1,540,000) (4,231,000)
Inventories 386,000 (475,000)
Unbilled revenue (32,000) 4,000
Prepaid expense 6,000 236,000
Notes receivable 0 (4,000)
VAT receivable 55,000 (15,000)
Accounts payable and accrued expenses 238,000 1,745,000
Operating lease liabilities (99,000) (74,000)
Income taxes payable 11,000 (49,000)
Contract liabilities 50,000 98,000
Net cash used in operating activities (2,059,000) (2,685,000)
E-Commerce [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Cash received from revenue 3,529,000 3,415,000
Healthcare Operations [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Cash received from revenue $ 10,297,000 $ 11,112,000