Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income (loss) $ (2,738) $ (1,990)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 45 30
Amortization of right of use assets 47 44
Stock-based compensation 219 107
Payments on operating lease liabilities (48) (44)
Change in fair value of derivative liabilities (1) 27
Changes in operating assets and liabilities:    
Accounts receivable 556
Prepaid expenses and other current assets 36 (33)
Deposits 11
Accounts payable and accrued expenses 114 (340)
Net cash (used in) provided by operating activities (1,770) (2,188)
Investing activities:    
Purchases of property and equipment (25) (93)
Net cash used in investing activities (25) (93)
Financing activities:    
Payments on finance lease liabilities (9) (57)
Proceeds from sale of common stock, net of transaction costs 2,072 16,606
Net cash provided by financing activities 2,063 16,549
Net increase in cash and restricted cash 268 14,268
Cash and restricted cash at beginning of period 33,060 7,468
Cash and restricted cash at end of period 33,328 21,736
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Recognition of finance lease right-of-use assets and finance lease liabilities upon adoption of ASC Topic 842, Leases $ 77