• Filing Date: 2019-11-15
  • Form Type: 10-Q/A
  • Description: Quarterly report (Amendment)
v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (11,428) $ (3,619)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 295 236
Amortization of right-of-use lease asset 158 0
Share-based compensation 314 296
Amortization of financing costs 768 69
Deferred rent 0 (11)
Change in fair value of derivative liability 0 (77)
Amortization of intangible assets 965 557
Impairment of intangible assets 1,549 0
Loss on extinguishment of debt 1,158 0
Loss on abandonment of lease 70 0
Loss on sale of Secure Education 3 0
Changes in operating assets and liabilities:    
Accounts receivable (2,487) (106)
Inventory (312) 31
Deposits 38 0
Other current assets 74 33
Accounts payable and accrued expenses 1,628 953
Contract liabilities 900 (20)
Lease liability (28) 0
Net cash used in operating activities continuing operations (6,335) (1,658)
Net cash (used in) provided by operating activities, held for sale operations (2,920) 560
Net cash used in operating activities (9,255) (1,098)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of note receivable 0 1,475
Proceeds from sale of Secure Education 250 0
Capital expenditures (656) (1,007)
Net cash (used in) provided by investing activities, continuing operations (406) 468
Net cash provided by investing activities - held for sale operations 0 51
Net cash (used in) provided by investing activities (406) 519
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings 2,315 0
Repayments of short-term borrowings (296) (1,025)
Net proceeds from notes payable 3,839 2,000
Net proceeds from exercise of options 0 23
Net proceeds from exercise of warrants 103 0
Net proceeds from exercise of warrants associated to series A preferred stock 4 0
Net proceeds from at-the-market agreement 38 0
Payment of preferred dividends (108) (345)
Net cash provided by financing activities continuing operations 5,895 653
Net cash provided by (used in) financing activities held for sale operations 3,205 (547)
Net cash provided by financing activities 9,100 106
Net decrease in cash, cash equivalents and restricted cash, continuing operations (846) (537)
Net increase in cash, cash equivalents and restricted cash and cash equivalents held for sale operations 285 64
Net decrease in cash, cash equivalents and restricted cash and cash equivalents (561) (473)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 2,768 1,957
Cash, cash equivalents and restricted cash and cash equivalents at end of period 2,207 1,484
Reconciliation of cash, cash equivalents and restricted cash and cash equivalents:    
Cash and cash equivalents at end of period 1,273 1,393
Restricted cash and cash equivalents at end of period 708 0
Cash and cash equivalents at end of period held for sale operations 226 91
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 2,207 $ 1,484