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
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss - before noncontrolling interest ('NCI") $ (20,755) $ (7,443)
Adjustments to reconcile net loss - before NCI to net cash used in operating activities    
Depreciation expense 9 7
Stock-based compensation 872 847
Change in fair value - Senior Secured Convertible Notes and Senior Convertible Note 5,888 720
Debt extinguishment loss - Senior Secured Convertible Notes 3,937 260
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (747) 140
Accounts payable 1,294 (312)
Accrued expenses and other current liabilities 155 (608)
Net cash flows used in operating activities (9,346) (6,389)
Cash flows from investing activities    
Purchase of equipment (44) (25)
Net cash flows used in investing activities (44) (25)
Cash flows from financing activities    
Proceeds - issue of Senior Secured Convertible Notes 6,300
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 (192) (279)
Proceeds - issue common stock - Employee Stock Purchase Plan 126
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 10,251 5,100
Net increase (decrease) in cash 861 (1,314)
Cash, beginning of period 6,219 8,222
Cash, end of period $ 7,080 $ 6,908