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
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net loss $ (8,155) $ (324)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 112 69
Amortization of right of use assets 133 114
Stock-based compensation 463 253
Payments on operating lease liabilities (131) (94)
Change in fair value of derivative liabilities 29 (173)
Changes in operating assets and liabilities:    
Accounts receivable 63 (768)
Prepaid expenses and other current assets (318) (10)
Deposits 4 (10)
Accounts payable and accrued expenses 351 613
Deferred rent (3)
Net cash used in operating activities (7,449) (333)
Investing activities:    
Purchases of property and equipment (239) (144)
Net cash used in investing activities (239) (144)
Financing activities:    
Proceeds from issuance of common stock 32,161 3,928
Payments on finance lease liabilities (110) (159)
Net cash provided by financing activities 32,051 3,769
Net increase in cash and restricted cash 24,363 3,292
Cash and restricted cash at beginning of period 7,468 2,752
Cash and restricted cash at end of period 31,831 6,044
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