Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flow

v3.20.1
Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flow from operating activities    
Net loss from continuing operations $ (4,797) $ (9,689)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 102 105
Non-cash lease expense 363
Amortization of intangible assets 5 4
Non-cash interest income (443) (86)
Non-cash interest expense 956
Loss on extinguishment of debt 339
Stock based compensation 2 42
Change in fair value of derivative liabilities (1,303) (7,005)
Loss on extinguishment of derivative liabilities 1,252
Loss on impairment of goodwill 6,163
Bad debt expense (3)
Changes in operating assets and liabilities:    
Account and other receivables 131 (139)
Prepaid expenses and other current assets 19 19
Inventories 37 (8)
Accounts payable and accrued liabilities 216 (1,281)
Payments on operating lease liability (764)
Net cash used in operating activities - continuing operations (6,435) (9,328)
Cash loss on sale - discontinued operations (695)
Net cash provided by operating activities - discontinued operations 675
Net cash used in operating activities (6,435) (9,348)
Cash flows from investing activities    
Purchase of property and equipment (147) (11)
Proceeds from notes receivable, net of imputed interest 1,528
Purchase of intangible asset (50)
Net cash provided by (used in) investing activities - continuing operations 1,381 (61)
Net cash used in investing activities - discontinued operations (84)
Net cash provided by (used in) investing activities 1,381 (145)
Cash flows from financing activities    
Proceeds from issuance of warrant derivative liability, net of issuance costs 7,577
Proceeds from issuance of preferred stock, net of issuance costs 6,749
Proceeds from issuance of common stock, net of issuance costs 1,451
Proceeds from exercise of warrants, net of fees 103 1,652
Capital raise costs (157)
Principal payment on debt (3)
Proceeds from issuance of debt 705
Payments on debt extinguishment (2,282)
Net cash provided by (used in) financing activities - continuing operations 1,394 14,401
Net cash provided by financing activities - discontinued operations
Net cash provided by (used in) financing activities 1,394 14,401
Net increase (decrease) in cash and cash equivalents (3,660) 4,908
Cash and cash equivalents at beginning of year 5,447 539
Cash and cash equivalents at end of year 1,787 5,447
Noncash investing and financing activities    
Right-of-Use Assets and assumption of operating lease liability 2,704
Extinguishment of derivative liabilities through exercise of warrants 44 565
Issuance of debt for equipment 21
Change in par value due to conversion of preferred stock to common stock 11
Debt exchange 2,265
Payment of debt with common stock 1,453
Warrants issued in association with debt 98
Supplemental cash flow information    
Cash paid for interest $ 4 $ 426