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
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:        
Net loss $ (2,045) $ (4,191) $ (5,519) $ (10,647)
Adjustments to reconcile net loss to net cash used in operating activities:        
Non-cash gain on inventory received from termination of license agreement     (1,293) 0
Depreciation and amortization     337 308
Non-cash interest expense     331 0
Non-cash gain on changes in fair value of warrants (141) (2,000) (141) (614)
Non-cash gain on changes in fair value of derivatives 141 2 141 614
Stock-based compensation     1,222 1,207
Changes in operating assets and liabilities:        
Receivables     (617) 3,496
Contract assets     24 0
Prepaid expenses and other assets     (205) (40)
Accounts payable and other accrued liabilities     112 (2,885)
Deferred revenue     626 0
Net cash used in operating activities     (5,123) (9,175)
Cash flows from investing activities:        
Purchases of furniture and equipment     (71) (155)
Net cash used in investing activities     (71) (155)
Cash flows from financing activities:        
Sale of common & preferred stock     8,408 0
Issuance of warrants     51 287
Proceeds from long-term debt     640 6,725
Payments on long-term debt     (3,000) 0
Net cash provided by financing activities     6,099 7,012
Net increase (decrease) in cash, cash equivalents and restricted cash     905 (2,318)
Cash, cash equivalents and restricted cash at beginning of period     7,883 14,006
Cash, cash equivalents and restricted cash at end of period 8,788 11,688 8,788 11,688
Supplemental disclosure of cash flow information        
Interest paid     344 124
Warrants issued     6,348 287
Deemed dividend on trigger of down round provision 285 0 285 0
Derivatives issued     158 0
Schedule of non-cash transactions        
Cash and cash equivalents 8,427 11,688 8,427 11,688
Restricted cash 361 0 361 0
Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 8,788 $ 11,688 $ 8,788 $ 11,688