v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flow From Operating Activities    
Net income (loss) $ (2,633) $ 1,169
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation expense 33 16
Amortization of right of use asset 107 104
Amortization of intangible assets 1 1
Non-cash interest income (43) (91)
Stock based compensation 36
Change in fair value of derivative liabilities 242 (4,166)
Offering Costs 325
Forgiveness of PPP loan (391)
Gain on disposal of property and equipment (14)
Changes in operating assets and liabilities:    
Trade accounts receivable (26) 30
Prepaid expenses and other current assets (555) (320)
Inventories (28) (73)
Accounts payable and accrued liabilities 380 (320)
Other liabilities (3)
Payments on operating lease liability (98) (73)
Net cash used in operating activities (2,992) (3,398)
Cash Flows From Investing Activities    
Purchase of property and equipment (191) (21)
Proceeds from notes receivable, net of imputed interest 583 417
Proceeds from sale of property and equipment 14
Net cash provided by investing activities 406 396
Cash Flows From Financing Activities    
Proceeds from issuance of preferred stock 3,112
Proceeds from issuance of warrant derivative liabilities 6,328
Proceeds from issuance of common stock in connection with exercise of warrants 196
Proceeds from issuance of debt 510
Payments on debt (1)
Net cash provided by financing activities 706 9,439
Net increase (decrease) in cash and cash equivalents (1,880) 6,437
Cash and cash equivalents at beginning of period 25,351 1,787
Cash and cash equivalents at end of period 23,471 8,224
Noncash Investing and Financing Activities    
Extinguishment of derivative liabilities through exercise of warrants 195 1,556
Change in par value due to conversion of preferred stock to common stock 92
Supplemental Cash Flow Information    
Cash paid for interest $ 1

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