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, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (15,157) $ (12,517)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 227 186
Non-cash interest expense 447 467
Non-cash (gain) loss on changes in fair value of warrants 923 (1,066)
Non-cash loss on asset impairment 433 0
Stock-based compensation 4 614
Finance costs attributable to issuance of warrants 211 0
Gain on debt extinguishment 0 (226)
Other (11) (36)
Changes in operating assets and liabilities:    
Receivables 570 962
Inventory (508) 0
Prepaid expenses and other assets 14 (492)
Accounts payable 309 (111)
Accrued sales allowances (690) 750
Other accrued liabilities 586 0
Deferred revenue 0 (313)
Net cash used in operating activities (12,642) (11,782)
Cash flows from investing activities:    
Purchases of property and equipment (531) (144)
Net cash used in investing activities (531) (144)
Cash flows from financing activities:    
Net proceeds from equity offering 4,339 2,467
Net proceeds from the exercises of common stock warrants 7,030 724
Net loan proceeds 654 0
Net cash provided by financing activities 12,023 3,191
Net decrease in cash and cash equivalents (1,150) (8,735)
Cash, cash equivalents and restricted cash at beginning of period 5,223 9,656
Cash, cash equivalents and restricted cash at end of period 4,073 921
Supplemental disclosure of cash flow information:    
Interest paid 295 328
Non-cash conversion of Molteni Convertible Loan $ 0 $ 650