Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net loss $ (9,648) $ (48,169)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 157 98
Amortization of right of use assets 179 156
Stock-based compensation 662 351
Payments on operating lease liabilities (177) (133)
Loss on impairment goodwill 46,103
Change in fair value of derivative liabilities 54 (256)
Changes in operating assets and liabilities:    
Accounts receivable 88 (644)
Prepaid expenses and other current assets (230) 22
Deposits 4 (10)
Accounts payable and accrued expenses (919) 919
Net cash used in operating activities (9,830) (1,563)
Investing activities:    
Purchases of property and equipment (240) (145)
Net cash used in investing activities (240) (145)
Financing activities:    
Payments of finance lease obligations (121) (214)
Proceeds from sale of common stock, net of transaction costs 35,783 6,638
Net cash provided by financing activities 35,662 6,424
Net increase in cash and restricted cash 25,592 4,716
Cash and restricted cash at beginning of period 7,468 2,752
Cash and restricted cash at end of period 33,060 7,468
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