CREATIVE REALITIES INC
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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FY2023 · Filed Mar 21, 2024
CREX$2.12-1.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| For the Years Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 | |
| Operating Activities: | ||
| Net (loss) income | $(2,937) | $1,876 |
| Adjustments to reconcile net (loss) income to be used in operating activities: | ||
| Depreciation and amortization | 3,221 | 2,833 |
| Amortization of debt discount | 1,443 | 1,268 |
| Amortization of stock-based compensation | 563 | 2,116 |
| Bad debt expense | 153 | 398 |
| Loss (gain) on change in fair value of contingent consideration | 1,419 | (1,074) |
| Deferred income taxes | 44 | - |
| Gain on change in fair value of warrants | - | (7,902) |
| Loss on debt waiver consent | - | 1,212 |
| Loss on warrant amendment | - | 345 |
| Loss on settlement of obligations | - | 237 |
| Changes to operating assets and liabilities: | ||
| Accounts receivable | (4,358) | (3,927) |
| Inventories, net | (300) | (197) |
| Prepaid expenses and other current assets | 952 | 480 |
| Accounts payable | 4,486 | 914 |
| Accrued expenses and other current liabilities | (47) | 1,112 |
| Deferred revenue | (91) | (462) |
| Customer deposits | 755 | 110 |
| Other, net | (136) | (47) |
| Net cash provided by (used in) operating activities | 5,167 | (708) |
| Investing activities | ||
| Acquisition of business, net of cash acquired | - | (17,186) |
| Purchases of property and equipment | (306) | (149) |
| Capitalization of internal and external labor for software development | (3,721) | (4,140) |
| Net cash used in investing activities | (4,027) | (21,475) |
| Financing activities | ||
| Proceeds from sale of common stock, net of offering expenses | 5,454 | - |
| Proceeds from Acquisition Term Loan, net of offering expenses | - | 9,868 |
| Proceeds from sale & exercise of pre-funded warrants in PIPE, net of offering expenses | - | 8,295 |
| Proceeds from Term Loan (2022) | - | 2,000 |
| Proceeds from sale of common stock in PIPE, net of offering expenses | - | 1,814 |
| Repayment of Consolidated Term Loan | (2,040) | |
| Repayment of Term Loan (2022) | (2,000) | - |
| Repayment of Secured Promissory Note | (1,254) | (1,044) |
| Principal payments on finance leases | (23) | - |
| Net cash provided by financing activities | 137 | 20,933 |
| Increase (decrease) in Cash and Cash Equivalents | 1,277 | (1,250) |
| Cash and Cash Equivalents, beginning of year | 1,633 | 2,883 |
| Cash and Cash Equivalents, end of year | $2,910 | $1,633 |
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