Vislink Technologies Inc
For the period ended Dec 31, 2023. Filed Apr 3, 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 3, 2024
VISL$2.00-7.0%Stored close · as of Sep 19, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(IN THOUSANDS)
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows used in operating activities | ||
| Net loss | $(9,127) | $(13,540) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Gain on settlement of debt | — | (46) |
| Unrealized gain on investments in debt securities | 68 | — |
| Realized loss on investments in debt securities | (82) | — |
| Accretion of bond discount | 16 | — |
| Stock-based compensation | 1,942 | 1,565 |
| Stock issuance commitments | — | 200 |
| Provision for bad debt | 25 | 21 |
| Recovery of bad debt | (10) | (517) |
| Inventory valuation adjustments | 487 | 2,930 |
| Amortization of right-of-use assets, operating assets | 375 | 201 |
| Impairment of right-of-use assets | 83 | 88 |
| Depreciation and amortization | 1,261 | 1,722 |
| Deferred tax benefits | (218) | (215) |
| Changes in assets and liabilities | ||
| Accounts receivable | (2,666) | 3,197 |
| Inventory | (2,185) | (3,731) |
| Prepaid expenses and other current assets | 200 | 1,897 |
| Accounts payable | 559 | (347) |
| Accrued expenses and interest expense | 218 | (1,780) |
| Accrued directors’ compensation | (8) | — |
| Operating lease liabilities | (344) | (506) |
| Deferred revenue and customer deposits | (342) | (558) |
| Net cash used in operating activities | (9,748) | (9,419) |
| Cash flows used in investing activities | ||
| Cash used for investment in securities held to maturity | (15,473) | — |
| Cash used in asset acquisition | (269) | — |
| Proceeds for bond redemption | 9,740 | — |
| Cash used for property and equipment | (698) | (466) |
| Net cash used in investing activities | (6,700) | (466) |
| Cash flows used in financing activities | ||
| Principal payments made on D & O notes payable | (607) | (765) |
| Net cash used in financing activities | (607) | (765) |
| Effect of exchange rate changes on cash | (90) | 46 |
| Net decrease in cash | (17,145) | (10,604) |
| Cash and cash equivalents, beginning of the period | 25,627 | 36,231 |
| Cash and cash equivalents, end of the period | $8,482 | $25,627 |
(IN THOUSANDS)
| 2023 | 2022 | |
|---|---|---|
| Supplemental disclosure of cash payments: | ||
| Cash paid during the period for interest | $12 | $41 |
| Supplemental disclosure of non-cash information: | ||
| Notes payable recognized on D & O Insurance policy (Note 15) | $523 | $750 |
| Issuance of shares of Series A Preferred Stock as dividends for common stock shareholders | $— | $20 |
| Common stock issued in connection with: | ||
| Board compensation awards previously accrued | $200 | $200 |
| Settlement of amounts due accounts payable | $— | $54 |
| ROU assets and operating lease obligations recognized (Note 16): | ||
| Operating lease assets recognized | $125 | $— |
| Less: non-cash changes to operating lease assets amortization | ||
| amortization | (375) | (201) |
| impairments | (83) | (43) |
| loss on lease impairments | 83 | (88) |
| ROU assets and operating lease obligations recognized | $(375) | $(332) |
| Operating lease liabilities recognized | $125 | $— |
| Less: non-cash changes to operating lease liabilities accretion | (469) | (506) |
| Operating lease liabilities recognized | $(344) | $(506) |
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