Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income (loss) $ (1,990) $ 2,971
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 30 23
Amortization of right of use assets 44 43
Stock-based compensation 107 33
Payments on operating lease liabilities (44) (27)
Change in fair value of derivative liabilities 27 (100)
Changes in operating assets and liabilities:    
Accounts receivable (1,078)
Prepaid expenses and other current assets (33) 22
Deposits 11
Accounts payable and accrued expenses (340) 134
Deferred rent (3)
Net cash (used in) provided by operating activities (2,188) 2,018
Investing activities:    
Purchases of property and equipment (93) (25)
Net cash used in investing activities (93) (25)
Financing activities:    
Payments on finance lease liabilities (57) (52)
Proceeds from sale of common stock, net of transaction costs 16,606 3,928
Net cash provided by financing activities 16,549 3,876
Net increase in cash and restricted cash 14,268 5,869
Cash and restricted cash at beginning of period 7,468 2,752
Cash and restricted cash at end of period 21,736 8,621
SUPPLEMENTAL DISCLOSURE OF NON-CASH OPERATING ACTIVITIES:    
Recognition of operating lease right-of-use assets and operating lease liabilities upon adoption of ASC Topic 842, Leases $ 833