WISA TECHNOLOGIES INC

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

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.

FY2023 · Filed Apr 1, 2024

DVLT$0.06+3.5%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS


· · Year Ended December 31,
· 2023 · 2022
Cash flows from operating activities: · ·
Net loss	$(18,721)	$(16,151)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	2,058	2,027
Depreciation and amortization	98	122
Amortization of debt discounts	850	879
Change in fair value of derivative liability	—	47
Change in fair value of warrant liability	(4,510)	(2,852)
Loss on debt extinguishment	837	—
Changes in operating assets and liabilities:
Accounts receivable	(21)	(59)
Inventories	4,333	(2,290)
Prepaid expenses and other current assets	152	196
Other assets	87	105
Accounts payable	278	493
Accrued liabilities	(207)	104
Other liabilities	(60)	(135)
Net cash used in operating activities	(14,826)	(17,514)

Cash flows from investing activities:
Purchases of property and equipment	(50)	(43)
Net cash used in investing activities	(50)	(43)

Cash flows from financing activities:
Proceeds from issuance of short-term loan, net of issuance costs	597	—
Proceeds from issuance of common stock in connection with warrant exercise	12,533	6,418
Proceeds from issuance of Series B preferred stock, net of issuance costs	3,955	—
Proceeds from issuance of convertible note payable, net of issuance costs	—	2,465
Repurchase of common stock warrants	(2,323)	—
Repayment of finance lease	(15)	(25)
Repayment of convertible note payable	(1,657)	(1,512)
Repayment of short-term loan	(700)	—
Net cash provided by financing activities	12,390	7,346
Net decrease in cash and cash equivalents	(2,486)	(10,211)
Cash and cash equivalents as of beginning of period	2,897	13,108
Cash and cash equivalents as of end of period	$411	$2,897

Supplemental disclosure of cash flow information:
Cash paid for interest	$256	$229
Cash paid for income taxes	4	$2

Noncash Investing and Financing Activities:
Cashless exercise of warrants	$8,191	$—
Issuance of common stock in connection with conversion of Series B preferred stock	$6,341	—
Deemed dividend on conversion of convertible preferred for common stock	$(6,360)	—
Issuance of warrants in connection with February 2023 offering	$5,601	$—
Issuance of common stock in connection with convertible promissory note	$708	$—
Record Right-of-Use Assets obtained in exchange for modified operating lease liabilities	$554	$—
Deferred offering costs reclassed from prepaid expenses	$97	$—
Accrual of legal fees for the short-term loan	$10	$—
Issuance of warrants in connection with December 2022 offering	$—	$10,804
Issuance of warrants in connection with convertible note payable	$—	$1,076
Derivative liability recorded in connection with issuance of convertible note payable	$—	$296

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.