• Filing Date: 2020-05-13
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss from continuing operations $ (3,774) $ (2,518)
Net loss from held for sale and discontinued operations (14) (357)
Net loss (3,788) (2,875)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 78 69
Amortization of right-of-use lease asset 32 0
Share-based compensation 171 63
Amortization of financing costs 330 92
Amortization of intangible assets 313 129
Changes in operating assets and liabilities    
Loss on extinguishment of debt 0 1,113
Accounts receivable 39 7
Inventory (186) (47)
Other current assets (213) (80)
Accounts payable and accrued expenses 754 (326)
Contract liabilities (38) (32)
Lease liability 50 0
Net cash used in operating activities continuing operations (2,444) (1,530)
Net cash (used in) provided by operating activities, held for sale operations 452 (440)
Net cash used in operating activities (1,992) (1,970)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (178) (308)
Net cash (used in) provided by investing activities, continuing operations (178) (308)
Net cash provided by investing activities - held for sale operations 0 0
Net cash (used in) provided by investing activities (178) (308)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from notes payable 0 3,839
Net proceeds from exercise of options 5 0
Net proceeds from exercise of warrants 411 0
Net proceeds from exercise of warrants associated to series A preferred stock 38 0
Net proceeds from at-the-market agreement 2,169 0
Payment of debt modification costs (100) 0
Net cash provided by financing activities continuing operations 2,523 3,839
Net cash provided by (used in) financing activities held for sale operations (556) 723
Net cash provided by financing activities 1,967 4,562
Net increase (decrease) in cash, cash equivalents and restricted cash, continuing operations (99) 2,001
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents held for sale operations and discontinued operations (104) 283
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents (203) 2,284
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 1,866 2,767
Cash, cash equivalents and restricted cash and cash equivalents at end of period 1,663 5,051
Reconciliation of cash, cash equivalents and restricted cash and cash equivalents:    
Cash and cash equivalents at end of period 1,087 4,125
Restricted cash and cash equivalents at end of period 415 577
Cash and cash equivalents at end of period held for sale operations 161 349
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 1,663 $ 5,051