Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net loss $ (2,897) $ (3,551)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 29 52
Stock-based compensation 212 268
Interest expense 55
Gain on mortgage note receivable (106)
Change in deferred income tax (973)
Change in fair value of derivative liabilities (281) (769)
Change in deferred rent (14) (9)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (124) 342
Accounts payable and accrued expenses (72) 530
Net cash used in operating activities (4,171) (3,137)
Investing activities:    
Purchase of fixed assets (5) (40)
Long-term deposits (12)
Proceeds from mortgage note receivable 1,400
Net cash provided by (used in) investing activities 1,395 (52)
Financing activities:    
Proceeds from issuance of common stock and warrants 7,684 3,000
Proceeds from issuance of notes payable 1,000
Proceeds from exercise of stock options 185
Net cash provided by financing activities 8,869 3,000
Net increase (decrease) in cash and cash equivalents 6,093 (189)
Cash and cash equivalents at beginning of period 777 3,640
Cash and cash equivalents at end of period 6,870 3,451
Non-cash financing activity:    
Issuance of commons stock upon conversion of notes payable $ 2,062