v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flow From Operating Activities    
Net loss $ (2,859) $ (2,359)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation expense 34 52
Amortization of right of use asset 206 171
Amortization of intangible assets 2 2
Non-cash interest income (172) (237)
Change in fair value of derivative liabilities (2,037) (610)
Offering Costs 325
Bad debt expense 9
Changes in operating assets and liabilities:    
Trade accounts receivable 76 79
Prepaid expenses and other current assets (251) (63)
Inventories (20) (5)
Accounts payable and accrued liabilities (79) (19)
Payments on operating lease liability (163) (354)
Net cash used in operating activities (4,938) (3,333)
Cash Flows From Investing Activities    
Purchase of property and equipment (77) (15)
Proceeds from notes receivable, net of imputed interest 944 695
Net cash provided by investing activities 867 680
Cash Flows From Financing Activities    
Proceeds from issuance of warrant derivative liabilities 6,328
Proceeds from issuance of common stock, net of fees 9,648 397
Proceeds from issuance of preferred stock, net of fees 3,112
Proceeds from issuance of common stock in connection with exercise of warrants 917 1
Proceeds from issuance of debt 406
Principal payments on debt (2)
Net cash provided by financing activities 20,409 398
Net increase (decrease) in cash and cash equivalents 16,338 (2,255)
Cash and cash equivalents at beginning of period 1,787 5,447
Cash and cash equivalents at end of period 18,125 3,192
Noncash Investing and Financing Activities    
Reduction of derivative liability due to exercise of warrants 3,008 1
Change in par value due to conversion of preferred stock to common stock 64
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 $ 1 $ 2

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