Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

v3.19.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (9,714) $ (3,474)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 123 224
Non-cash interest expense 335 208
Stock-based compensation 486 834
Other 8 0
Changes in operating assets and liabilities:    
Receivables 597 (124)
Inventory (55) (1,317)
Contract assets 99 (72)
Prepaid expenses and other assets (197) (59)
Accounts payable (501) (246)
Accrued sales allowances 830 0
Other accrued liabilities (155) 232
Deferred revenue (313) 939
Net cash used in operating activities (8,457) (2,855)
Cash flows from investing activities:    
Purchases of property and equipment (83) (53)
Net cash used in investing activities (83) (53)
Cash flows from financing activities:    
Net proceeds from the exercises of common stock warrants 710 0
Net proceeds from the issuance of common stock in an at-the-market offering 466 0
Payments of long-term debt 0 (3,000)
Net cash provided by (used in) financing activities 1,176 (3,000)
Net decrease in cash and cash equivalents (7,364) (5,908)
Cash, cash equivalents and restricted cash at beginning of period 9,656 7,883
Cash, cash equivalents and restricted cash at end of period 2,292 1,975
Supplemental disclosure of cash flow information:    
Interest paid 219 234
Warrants issued 0 470
Non-cash conversion of Molteni Convertible Loan 650 0
Schedule of non-cash transactions    
Restricted cash 0 361
Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 9,656 $ 7,883