Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (6,782) $ (5,540)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and amortization 334 144
Share-based compensation 1,090 799
Payment-in-kind interest 3  
Forgiveness of PPP loan (896)  
Amortization of debt issuance costs and original issue discounts 890 729
Amortization of lease right of use, net of accretion in lease liabilities 216 107
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (791) 144
Inventory (25) (1,025)
Prepaid expenses and other current assets 113 (144)
Other assets 25 15
Accounts payable and accrued expenses (459) 1,166
Accrued interest (960)  
Lease liabilities (128) (109)
Deferred revenue (437) 864
Net cash flows from operating activities (7,807) (2,850)
Cash flows from investing activities:    
Purchases of property and equipment (41) (10)
Acquisition of licensing rights (441) (150)
Net cash flows from investing activities (482) (160)
Cash flows from financing activities:    
Proceeds from issuance of 2020 senior secured convertible notes, net of financing costs and discount 24,258  
Repayment of offering costs in connection with issuance of 2020 senior secured convertible notes   (75)
Proceeds from private offering, net of offering costs   7,428
Proceeds from issuance of Paycheck Protection Program loan 896  
Proceeds from stock option and warrant exercises 376 389
Repayment of notes payable (2,838) (2,137)
Net cash flows from financing activities 22,692 5,605
Net change in cash and cash equivalents 14,403 2,595
Cash and cash equivalents, beginning of period 5,696 3,101
Cash and cash equivalents, end of period 20,099 5,696
Cash paid for:    
Income taxes
Interest 1,578 317
Non-Cash Investing and financing Transactions    
Senior secured convertible note beneficial conversion feature 3,107  
Operating lease right-of-use assets 2,600 500
Operating lease liabilities 2,600 500
Aggregate net book value of reusable components transferred from inventory to loaned systems   $ 200
Aggregate net book value of reusable components transferred from loaned systems to inventory $ 100