Vislink Technologies Inc
For the period ended Dec 31, 2024. Filed May 2, 2025.
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FY2024 · Filed May 2, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows used in operating activities | ||
| Net loss | $(20,501) | $(9,127) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Deferred tax benefits | (145) | (218) |
| Unrealized gain on investments in debt securities | 25 | 68 |
| Realized gain (loss) of investments in debt securities | 24 | (82) |
| Accretion of bond discount | (17) | 16 |
| Stock-based compensation | 996 | 1,942 |
| Provision for bad debt | 610 | 25 |
| Recovery of bad debt | — | (10) |
| Inventory impairments and valuation write-downs | 6,828 | 487 |
| Amortization of right-of-use assets, operating assets | 275 | 375 |
| Depreciation and amortization | 1,310 | 1,261 |
| Restructuring costs | 489 | — |
| Impairment of right-of-use operating assets | 168 | 83 |
| Impairment of intangible assets | 330 | — |
| Changes in assets and liabilities | ||
| Accounts receivable | 2,049 | (2,666) |
| Inventory | (522) | (2,185) |
| Prepaid expenses and other current assets | 452 | 200 |
| Accounts payable | (810) | 559 |
| Accrued expenses and interest expense | 597 | 218 |
| Accrued directors’ compensation | 160 | (8) |
| Operating lease liabilities | (468) | (344) |
| Deferred revenue and customer deposits | 1,308 | (342) |
| Net cash used in operating activities | (6,842) | (9,748) |
| Cash flows provided (used) in investing activities | ||
| Cash used for investment in securities held to maturity | (949) | (15,473) |
| Cash used in asset acquisition | — | (269) |
| Proceeds for bond redemption | 5,950 | 9,740 |
| Cash used for property and equipment | (519) | (698) |
| Net cash provided (used) in investing activities | 4,482 | (6,700) |
| Cash flows used in financing activities | ||
| Principal payments made on D & O notes payable | (454) | (607) |
| Net cash used in financing activities | (454) | (607) |
| Effect of exchange rate changes on cash | (167) | (90) |
| Net decrease in cash | (2,981) | (17,145) |
| Cash and cash equivalents, beginning of the period | 8,482 | 25,627 |
| Cash and cash equivalents, end of the period | $5,501 | $8,482 |
(IN THOUSANDS)
| 2024 | 2023 | |
|---|---|---|
| Supplemental disclosure of cash payments: | ||
| Cash paid during the period for interest | $16 | $12 |
| Supplemental disclosure of non-cash information: | ||
| Notes payable recognized on D & O Insurance policy (Note 15) | $510 | $523 |
| Common stock issued in connection with: | ||
| Board compensation awards previously accrued | $160 | $200 |
| ROU assets and operating lease obligations recognized (Note 16): | ||
| Operating lease assets recognized | $— | $125 |
| Less: non-cash changes to operating lease assets amortization | ||
| amortization | (275) | (375) |
| impairments | (168) | (83) |
| loss on lease impairments | 168 | 83 |
| ROU assets and operating lease obligations recognized | $(275) | $(375) |
| Operating lease liabilities recognized | $— | $125 |
| Less: non-cash changes to operating lease liabilities accretion | (468) | (469) |
| Operating lease liabilities recognized | $(468) | $(344) |
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