Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income (loss) $ 1,456 $ (2,897)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 45 29
Operating lease expense 72
Stock-based compensation 146 212
Interest expense, net 11 55
Payments on operating lease liabilities (53)
Gain on settlement of mortgage note receivable (106)
Change in fair value of derivative liabilities (140) (281)
Deferred income tax benefit (973)
Changes in operating assets and liabilities:    
Accounts receivable (914)
Prepaid expenses and other current assets 96 (124)
Deposits (10)
Accounts payable and accrued expenses 284 (72)
Deferred rent (3) (14)
Net cash provided by (used in) operating activities 990 (4,171)
Investing activities:    
Purchases of property and equipment (29) (5)
Proceeds from settlement of mortgage note receivable 1,400
Net cash (used in) provided by investing activities (29) 1,395
Financing activities:    
Payments on finance lease liabilities (117)
Proceeds from exercise of stock options 185
Proceeds from sale of common stock, net of transaction costs 3,928 7,684
Proceeds from issuance of convertible notes 1,000
Net cash provided by financing activities 3,811 8,869
Net increase in cash and restricted cash 4,772 6,093
Cash and restricted cash at beginning of period 2,752 777
Cash and restricted cash at end of period 7,524 6,870
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Recognition of operating lease right-of-use assets and operating lease liabilities upon adoption of ASC Topic 842, Leases 833
Issuance of commons stock upon conversion of notes payable $ 2,062