Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flow

v3.19.1
Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flow from operating activities    
Net loss from continuing operations $ (9,689) $ (5,761)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 105 105
Amortization of intangible assets 4
Amortization of lease incentive for tenant improvements 20
Non-cash interest income (86)
Non-cash interest expense 956 726
Loss on extinguishment of debt 339
Stock based compensation 42 219
Change in fair value of derivative liabilities (7,005) (3,118)
Loss on extinguishment of derivative liabilities 1,252
Offering costs 131
Loss on impairment of goodwill 6,163
Changes in operating assets and liabilities:    
Trade accounts receivable (139)
Prepaid expenses and other current assets 19 48
Inventories (8)
Accounts payable and accrued liabilities (1,281) 503
Net cash used in operating activities - continuing operations (9,328) (7,127)
Cash loss on sale - discontinued operations (695)
Net cash provided by operating activities - discontinued operations 675 2,447
Net cash used in operating activities (9,348) (4,680)
Cash flows from investing activities    
Purchase of property and equipment (11) (6)
Purchase of intangible asset (50)
Net cash used in investing activities - continuing operations (61) (6)
Net cash used in investing activities - discontinued operations (84) (1,131)
Net cash used in investing activities (145) (1,137)
Cash flows from financing activities    
Proceeds from issuance of warrant derivative liability, net of issuance costs ($682 and $131) 7,577 679
Proceeds from issuance of preferred stock, net of issuance costs ($668) 6,749
Proceeds from issuance of common stock, net of issuance costs ($601) 3,128
Proceeds from exercise of warrants, net of fees 1,652
Proceeds from issuance of debt 705
Payments on debt (2,282) (6,816)
Net cash provided by (used in) financing activities - continuing operations 14,401 (3,009)
Net cash provided by financing activities - discontinued operations 2,450
Net cash provided by (used in) financing activities 14,401 (559)
Net increase (decrease) in cash and cash equivalents 4,908 (6,376)
Cash and cash equivalents at beginning of year 539 6,915
Cash and cash equivalents at end of year 5,447 539
Noncash investing and financing activities    
Debt exchange 2,265
Payment of debt with common stock 1,453
Extinguishment of derivative liabilities through exercise of warrants 565
Warrants issued in association with debt 98
Debt discount from warrants issued with debt 189
Supplemental cash flow information    
Cash paid for interest $ 426 $ 442