v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net loss - before noncontrolling interest ("NCI") $ (26,629) $ (10,714)
Adjustments to reconcile net loss - before NCI to net cash used in operating activities    
Depreciation expense 17 10
Stock-based compensation 1,458 1,177
Change in fair value - Senior Secured Convertible Notes and Senior Convertible Note 5,521 341
Debt extinguishment loss - Senior Secured Convertible Notes 4,600 666
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,159) (19)
Accounts payable 854 61
Accrued expenses and other current liabilities 152 (790)
Net cash flows used in operating activities (15,186) (9,267)
Cash flows from investing activities    
Purchase of equipment (47) (25)
Net cash flows used in investing activities (47) (25)
Cash flows from financing activities    
Proceeds - issue of Senior Secured Convertible Notes 13,300
Proceeds - issue of Senior Convertible Note 3,700
Proceeds - Cares Act Paycheck Protection Program Loan 300
Proceeds - issue of common stock - registered offerings 5,480
Payment - offering costs - registered offerings (101)
Payment - Senior Secured Convertible Notes - non-installment payments (366) (279)
Proceeds - issue common stock - Employee Stock Purchase Plan 356 67
Proceeds - exercise of Series S Warrants 12
Proceeds - exercise of stock options issued under equity incentive plan of majority owned subsidiary 5
Net cash flows provided by financing activities 17,307 5,167
Net increase (decrease) in cash 2,074 (4,125)
Cash, beginning of period 6,219 8,222
Cash, end of period $ 8,293 $ 4,098

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