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
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (10,225) $ (9,714)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 128 123
Non-cash interest expense 296 335
Non-cash loss on changes in fair value of warrants 923 0
Stock-based compensation (5) 486
Finance costs attributable to issuance of warrants 211 0
Other (6) 8
Changes in operating assets and liabilities:    
Receivables (68) 597
Inventory 29 (55)
Contract assets 0 99
Prepaid expenses and other assets (68) (197)
Accounts payable 127 (501)
Accrued sales allowances (745) 830
Other accrued liabilities 208 (155)
Deferred revenue 0 (313)
Net cash used in operating activities (9,195) (8,457)
Cash flows from investing activities:    
Purchases of property and equipment (87) (83)
Net cash used in investing activities (87) (83)
Cash flows from financing activities:    
Net proceeds from equity offering 1,895 0
Net proceeds from the exercises of common stock warrants 7,008 710
Net loan proceeds 654 0
Net proceeds from the issuance of common stock in an at-the-market offering 0 466
Net cash provided by financing activities 9,557 1,176
Net increase (decrease) in cash and cash equivalents 275 (7,364)
Cash, cash equivalents and restricted cash at beginning of period 5,223 9,656
Cash, cash equivalents and restricted cash at end of period 5,498 2,292
Supplemental disclosure of cash flow information:    
Interest paid 198 219
Non-cash conversion of Molteni Convertible Loan $ 0 $ 650