Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net income (loss) $ (5,485) $ 1,456
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 68 45
Operating lease expense 88 72
Stock-based compensation 226 146
Interest expense, net 11
Payments on operating lease liabilities (87) (53)
Gain on settlement of mortgage note receivable
Change in fair value of derivative liabilities 70 (140)
Deferred income tax benefit
Changes in operating assets and liabilities:    
Accounts receivable 52 (914)
Prepaid expenses and other current assets 24 96
Deposits 15 (10)
Accounts payable and accrued expenses 641 284
Deferred rent (3)
Net cash provided by (used in) operating activities (4,388) 990
Investing activities:    
Purchases of property and equipment (220) (29)
Proceeds from settlement of mortgage note receivable
Net cash (used in) provided by investing activities (220) (29)
Financing activities:    
Payments on finance lease liabilities (101) (117)
Proceeds from sale of common stock, net of transaction costs 16,606 3,928
Net cash provided by financing activities 16,505 3,811
Net increase in cash and restricted cash 11,897 4,772
Cash and restricted cash at beginning of period 7,468 2,752
Cash and restricted cash at end of period 19,365 7,524
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Recognition of finance lease right-of-use asset and liability 77
Recognition of operating lease right-of-use assets and operating lease liabilities upon adoption of ASC Topic 842, Leases $ 833