Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net income (loss) $ (324) $ (4,762)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 69 40
Amortization of right of use assets 114
Stock-based compensation 253 332
Interest expense, net 55
Loss on disposal of property and equipment 61
Payments on operating lease liabilities (94)
Gain on mortgage note receivable (106)
Change in deferred income tax (1,459)
Change in fair value of derivative liabilities (173) (410)
Changes in operating assets and liabilities:    
Accounts receivable (768)
Prepaid expenses and other current assets (10) (173)
Deposits (10) (18)
Accounts payable and accrued expenses 613 141
Deferred rent (3) (21)
Net cash provided by (used in) operating activities (333) (6,320)
Investing activities:    
Purchases of property and equipment (144) (13)
Long-term deposits
Proceeds from settlement of mortgage note receivable 1,400
Net cash (used in) provided by investing activities (144) 1,387
Financing activities:    
Proceeds from issuance of common stock and warrants 3,928 7,684
Payments on finance lease liabilities (159)  
Proceeds from issuance of convertible notes 1,000
Proceeds from exercise of stock options 185
Net cash provided by financing activities 3,769 8,869
Net increase in cash and restricted cash 3,292 3,936
Cash and restricted cash at beginning of period 2,752 777
Cash and restricted cash at end of period 6,044 4,713
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