Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ (10,647) $ 7,462
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 308 279
Non-cash (gain) loss on changes in fair value of warrants (614) 111
Stock-based compensation 1,207 783
Changes in operating assets and liabilities:    
Receivables 3,496 (1,695)
Prepaid expenses and other assets (40) (104)
Accounts payable and other accrued liabilities (2,885) 1,865
Net cash provided by (used in) operating activities (9,175) 8,701
Cash flows from investing activities:    
Purchases of furniture and equipment (155) (96)
Net cash used in investing activities (155) (96)
Cash flows from financing activities:    
Issuance of common stock from the exercise of options 0 27
Issuance of warrants 287 0
Proceeds from long-term debt 6,725 0
Net cash provided by financing activities 7,012 27
Net increase (decrease) in cash and cash equivalents (2,318) 8,632
Cash and cash equivalents at beginning of period 14,006 7,857
Cash and cash equivalents at end of period $ 11,688 $ 16,489