Xtant Medical Holdings Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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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.
FY2023 · Filed Apr 1, 2024
XTNT$0.27-1.5%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
Consolidated Statements of Cash Flows
(In thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating activities: | ||
| Net income (loss) | $660 | $(8,485) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 3,174 | 1,292 |
| Non-cash interest | 386 | 233 |
| Non-cash rent | 16 | 4 |
| Gain on sale of fixed assets | (115) | (93) |
| Stock-based compensation | 2,739 | 2,464 |
| Provision for reserve on accounts receivable | 497 | 243 |
| Provision for excess and obsolete inventory | 357 | 1,812 |
| Release of deferred tax asset valuation allowance | (1,901) | — |
| Gain on bargain purchase | (11,694) | — |
| Changes in operating assets and liabilities, net of the effects of acquisitions: | ||
| Trade accounts receivable | (8,736) | (3,941) |
| Inventories | (1,886) | (1,152) |
| Prepaid and other assets | 220 | 261 |
| Accounts payable | 2,980 | 875 |
| Accrued liabilities | 3,788 | 1,146 |
| Net cash used in operating activities | (9,515) | (5,341) |
| Investing activities: | ||
| Purchases of property and equipment | (1,456) | (1,764) |
| Proceeds from sale of fixed assets | 175 | 205 |
| Acquisition of Surgalign SPV, Inc. | (17,000) | — |
| Acquisition of Surgalign Holdings, Inc.’s hardware and biologics business, net of cash acquired | (4,503) | — |
| Acquisition of nanOss Production Operations from RTI Surgical Inc. | (2,000) | — |
| Net cash used in investing activities | (24,784) | (1,559) |
| Financing activities: | ||
| Borrowings on line of credit | 78,219 | 54,229 |
| Repayments on line of credit | (76,976) | (54,470) |
| Payments on financing leases | (63) | (50) |
| Proceeds from issuance of common stock, net of issuance costs | 14,011 | 9,311 |
| Proceeds from issuance of long term debt, net of issuance costs | 4,761 | — |
| Payment of taxes from withholding of common stock on vesting of restricted stock units | (261) | — |
| Net cash provided by financing activities | 19,691 | 9,020 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 24 | — |
| Net change in cash and cash equivalents and restricted cash | (14,584) | 2,120 |
| Cash and cash equivalents and restricted cash at beginning of year | 20,507 | 18,387 |
| Cash and cash equivalents and restricted cash at end of year | $5,923 | $20,507 |
| Reconciliation of cash and cash equivalents and restricted cash reported in the consolidated balance sheets | ||
| Cash and cash equivalents | $5,715 | $20,298 |
| Restricted cash | 208 | 209 |
| Total cash and cash equivalents and restricted cash reported in the consolidated balance sheets | $5,923 | $20,507 |
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