Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (2,538) $ (2,055)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and amortization 15 58
Share-based compensation 320 228
Payment-in-kind interest 94  
Amortization of debt issuance costs and original issue discounts 35 787
Amortization of lease right of use, net of accretion in lease liabilities 133 25
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (123) 105
Inventory, net 47 (365)
Prepaid expenses and other current assets (10) 169
Other assets 3 70
Accounts payable and accrued expenses (54) (161)
Accrued interest   (960)
Lease liabilities (94) (23)
Deferred revenue 41 (209)
Net cash flows from operating activities (2,131) (2,331)
Cash flows from investing activities:    
Purchases of property and equipment (40)  
Acquisition of licensing rights   (441)
Net cash flows from investing activities (40) (441)
Cash flows from financing activities:    
Proceeds from issuance of 2020 senior secured convertible notes, net of financing costs and discount   16,890
Proceeds from public offering of common stock, net of offering costs 46,785  
Proceeds from stock option and warrant exercises 145  
Repayment of notes payable   (2,838)
Net cash flows from financing activities 46,930 14,052
Net change in cash and cash equivalents 44,759 11,280
Cash and cash equivalents, beginning of period 20,099 5,696
Cash and cash equivalents, end of period 64,858 16,976
Cash paid for:    
Income taxes
Interest 214 1,043
Non-Cash Transactions    
Aggregate net book value of reusable components transferred from loaned systems to inventory 60 30
Financing costs   $ 100
Reduction of additional paid-in capital $ (3,107)