v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flow From Operating Activities    
Net loss $ (5,296) $ (3,805)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 54 79
Amortization of right of use asset 310 264
Amortization of intangible assets 4 4
Non-cash interest income (242) (344)
Stock based compensation 29 2
Change in fair value of derivative liabilities (1,750) (754)
Offering Costs 325
Bad debt expense (3)
Changes in operating assets and liabilities:    
Trade accounts receivable 87 154
Prepaid expenses and other current assets (73) 33
Inventories 104 (35)
Accounts payable and accrued liabilities (353) 83
Payments on operating lease liability (254) (557)
Net cash used in operating activities (7,055) (4,879)
Cash Flows From Investing Activities    
Purchase of property and equipment (151) (141)
Proceeds from notes receivable, net of imputed interest 1,528 1,111
Net cash provided by investing activities 1,377 970
Cash Flows From Financing Activities    
Proceeds from issuance of warrant derivative liabilities 6,328 103
Proceeds from issuance of common stock, net of fees 20,015 1,285
Proceeds from issuance of preferred stock, net of fees 3,112
Proceeds from issuance of common stock in connection with exercise of warrants 1,109
Proceeds from issuance of debt 406
Principal payments on debt (29)
Net cash provided by financing activities 30,941 1,388
Net increase (decrease) in cash and cash equivalents 25,263 (2,521)
Cash and cash equivalents at beginning of period 1,787 5,447
Cash and cash equivalents at end of period 27,050 2,926
Noncash Investing and Financing Activities    
Reduction of derivative liability due to exercise of warrants 3,197 44
Change in par value due to conversion of preferred stock to common stock 65
Issuance of Common Stock for the Cashless Exercise of Warrants 35
Right-of-use assets and assumption of operating lease liability 2,704
Supplemental Cash Flow Information    
Cash paid for interest $ 2 $ 2

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