Comparison of Results of Operations for the Three Months Ended June 30, 2022 and June 30, 2021

Selling, General and Administrative Expenses

(dollars in thousands) Selling, general, and administrative expenses, excluding depreciation and amortization expenses

Selling, general, and administrative expenses as a percentage of net sales

Comparison of Results of Operations for the Six Months Ended June 30, 2022 and June 30, 2021

Gross profit for the six months ended June 30, 2022 decreased $0.5 million to $10.0 million compared to $10.5 million for the six months ended June 30, 2021.

Selling, General and Administrative Expenses

(dollars in thousands) Selling, general, and administrative expenses, excluding depreciation and amortization expenses

Selling, general, and administrative expenses as a percentage of net sales

agreed, subject to the terms of the Forbearance Agreement, to forbear from enforcing their rights or seeking to collect payment of the Company's debt or disposing of the collateral securing the debt.

The following table presents cash flow data for the periods presented:

Cash provided by or used in investing activities consists principally of the purchase and sale of property, plant and equipment.

In the normal course of business, we provide customers with indemnification provisions of varying scope against claims of intellectual property infringement by third parties arising from the use of our products. Historically, costs related to these

Critical Accounting Policies and Estimates

Refer to Note 2 to the condensed consolidated financial statements in Part I Item 1 of this Quarterly Report on Form 10-Q.

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