Insight Molecular Diagnostics Inc.
For the period ended Dec 31, 2024. Filed Mar 24, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 24, 2025
IMDX$2.47-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONS OLIDATED STATEMENTS OF CASH FLOWS
| Years EndedDecember 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(60,663) | $(27,781) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization expense | 1,476 | 1,592 |
| Amortization of intangible assets | 88 | 88 |
| Stock-based compensation | 1,753 | 2,760 |
| Equity compensation for bonus awards and consulting services | 160 | 127 |
| Loss on marketable equity securities | — | 61 |
| Change in fair value of contingent consideration | (4,275) | (5,762) |
| Impairment losses | 41,900 | 6,757 |
| Loss on disposal of discontinued operations | — | 1,521 |
| Impairment loss on held for sale assets | 169 | 1,283 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1,129) | 109 |
| Inventories | (410) | — |
| Prepaid expenses and other assets | (458) | 784 |
| Accounts payable and accrued liabilities | 967 | (4,757) |
| Lease assets and liabilities | (291) | (107) |
| Net cash used in operating activities | (20,713) | (23,325) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from sale of marketable equity securities | — | 367 |
| Proceeds from sale of equipment | 4 | 354 |
| Construction in progress and purchases of furniture and equipment | (516) | (281) |
| Cash sold in discontinued operations (Note 13) | — | (1,372) |
| Net cash used in investing activities | (512) | (932) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from sale of common shares | 26,012 | 13,848 |
| Financing costs to issue common shares | (1,374) | (427) |
| Proceeds from sale of common shares under at-the-market transactions | 1,802 | — |
| Financing costs for at-the-market sales | (421) | — |
| Redemption of Series A redeemable convertible preferred shares | (5,389) | (1,118) |
| Repayment of financing lease obligations | (201) | (117) |
| Net provided by financing activities | 20,429 | 12,186 |
| NET CHANGE IN CASH, CASH EQUIVALENTS (INCLUDES DISCONTINUED OPERATIONS) AND RESTRICTED CASH | (796) | (12,071) |
| CASH, CASH EQUIVALENTS (INCLUDES DISCONTINUED OPERATIONS) AND RESTRICTED CASH, BEGINNING | 11,132 | 23,203 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING | $10,336 | $11,132 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Cash paid for interest | $42 | $7 |
| Cash paid for income taxes | $— | $— |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | ||
| Construction in progress, machinery and equipment purchases included in accounts payable and accrued liabilities | $570 | $— |
| Accretion of Series A convertible preferred stock | $263 | $824 |
| Lease assets obtained in exchange for lease liabilities | $1,202 | $— |
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