Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

v3.20.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (16,458) $ (9,023)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash gain on inventory received from termination of license agreement 0 (1,293)
Depreciation and amortization 244 380
Non-cash interest expense 613 490
Non-cash gain on changes in the fair value of warrants (1,110) 0
Non-cash gain on debt extinguishment (226) 0
Stock-based compensation 572 1,557
Other (41) (134)
Changes in operating assets and liabilities:    
Receivables 744 (1,672)
Inventory 264 31
Contract assets 99 120
Prepaid expenses and other assets (547) (185)
Accounts payable (125) 542
Accrued sales allowances 809 0
Other accrued liabilities 30 443
Deferred revenue (313) 313
Net cash used in operating activities (15,445) (8,431)
Cash flows from investing activities:    
Purchases of furniture and equipment (256) (416)
Net cash used in investing activities (256) (416)
Cash flows from financing activities:    
Proceeds from equity offerings 9,665 9,651
Issuance of warrants 0 51
Proceeds from the exercise of warrants 1,603 3,268
Proceeds from the issuance of debt 0 650
Payments of long-term debt 0 (3,000)
Net cash provided by financing activities 11,268 10,620
Net increase (decrease) in cash (4,433) 1,773
Cash, cash equivalents and restricted cash at beginning of period 9,656 7,883
Cash, cash equivalents and restricted cash at end of period 5,223 9,656
Supplemental disclosure of cash flow information    
Interest paid 432 471
Warrants issued 0 6,348
Derivatives issued 0 159
Deemed dividend on trigger of down round provision 0 285
Purchases of property and equipment in accounts payable or accrued expenses 11 163
Schedule of non-cash transactions    
Cash and cash equivalents 5,223 9,295
Restricted cash 0 361
Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 5,223 $ 9,656