Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flow From Operating Activities    
Net income (loss) $ 1,169 $ (1,629)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation expense 16 26
Amortization of right of use asset 104 159
Amortization of intangible assets 1 1
Non-cash interest income (91) (122)
Change in fair value of derivative liabilities (4,166) 21
Offering Costs 325
Bad debt expense 84
Changes in operating assets and liabilities:    
Trade accounts receivable 30 134
Prepaid expenses and other current assets (320) (7)
Inventories (73) (57)
Accounts payable and accrued liabilities (320) (79)
Payments on operating lease liability (73) (230)
Net cash used in operating activities (3,398) (1,699)
Cash Flows From Investing Activities    
Purchase of property and equipment (21)
Proceeds from notes receivable, net of imputed interest 417 416
Net cash provided by investing activities 396 416
Cash Flows From Financing Activities    
Proceeds from issuance of preferred stock 3,112
Proceeds from issuance of warrant derivative liabilities 6,328
Payments on debt (1)
Net cash provided by financing activities 9,439
Net increase (decrease) in cash and cash equivalents 6,437 (1,283)
Cash and cash equivalents at beginning of period 1,787 5,447
Cash and cash equivalents at end of period 8,224 4,164
Noncash Investing and Financing Activities    
Reduction of derivative liability due to exercise of warrants 1,556
Change in par value due to conversion of preferred stock to common stock 92
Right-of-use assets and assumption of operating lease liability 659
Supplemental Cash Flow Information    
Cash paid for interest $ 1