Xtant Medical Holdings Inc
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net (loss) income | $(16,449) | $660 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Depreciation and amortization | 4,224 | 3,174 |
| Non-cash interest | 522 | 386 |
| Gain on sale of fixed assets | (264) | (115) |
| Stock-based compensation | 4,117 | 2,739 |
| Provision for reserve on accounts receivable | 823 | 497 |
| Provision for excess and obsolete inventory | 485 | 357 |
| Deferred income taxes | 21 | (1,901) |
| Gain on bargain purchase | — | (11,694) |
| Other | (26) | 16 |
| Changes in operating assets and liabilities, net of the effects of acquisitions: | ||
| Trade accounts receivable | (755) | (8,736) |
| Inventories | (2,494) | (1,886) |
| Prepaid and other assets | (218) | 220 |
| Accounts payable | 1,033 | 2,980 |
| Accrued liabilities | (2,915) | 3,788 |
| Net cash used in operating activities | (11,896) | (9,515) |
| Investing activities: | ||
| Purchases of property and equipment | (4,113) | (1,456) |
| Proceeds from sale of fixed assets | 383 | 175 |
| 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 | (3,730) | (24,784) |
| Financing activities: | ||
| Borrowings on line of credit | 112,640 | 78,219 |
| Repayments on line of credit | (105,142) | (76,976) |
| Payments on financing leases | (65) | (63) |
| Proceeds from private placement, net of issuance costs | 4,456 | 14,011 |
| Proceeds from issuance of long term debt | 5,000 | 5,000 |
| Debt issuance costs | (651) | (239) |
| Payment of taxes from withholding of common stock upon vesting and settlement of restricted stock units | (178) | (261) |
| Proceeds from exercise of stock-based compensation | 13 | — |
| Net cash provided by financing activities | 16,073 | 19,691 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | (149) | 24 |
| Net change in cash and cash equivalents and restricted cash | 298 | (14,584) |
| Cash and cash equivalents and restricted cash at beginning of year | 5,923 | 20,507 |
| Cash and cash equivalents and restricted cash at end of year | $6,221 | $5,923 |
| Reconciliation of cash and cash equivalents and restricted cash reported in the consolidated balance sheets | ||
| Cash and cash equivalents | $6,199 | $5,715 |
| Restricted cash | 22 | 208 |
| Total cash and cash equivalents and restricted cash reported in the consolidated balance sheets | $6,221 | $5,923 |
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