Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (6,281) $ (3,716)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Allowance for doubtful accounts 92 2
Depreciation and amortization 62 116
Share-based compensation 567 469
Payment-in-kind interest 189
Amortization of debt issuance costs and original issue discounts 54 821
Amortization of lease rights of use, net of accretion in lease liabilities 267 50
Increase (decrease) in cash resulting from changes in:    
Accounts receivable (617) (76)
Inventory, net (304) (313)
Prepaid expenses and other current assets (760) (181)
Other assets (93) 70
Accounts payable and accrued expenses 1,312 93
Accrued interest (960)
Lease liabilities (195) (48)
Deferred revenue (142) (366)
Net cash flows from operating activities (5,849) (4,039)
Cash flows from investing activities:    
Purchases of property and equipment (5)
Acquisition of licensing rights (441)
Net cash flows from investing activities (5) (441)
Cash flows from financing activities:    
Proceeds from issuance of 2020 senior secured convertible notes, net of financing costs and discount 16,758
Proceeds from issuance of Paycheck Protection Program loan 896
Proceeds from public offering of common stock, net of offering costs 46,785
Proceeds from stock option and warrant exercises 494
Repayment of notes payable (2,838)
Net cash flows from financing activities 47,279 14,816
Net change in cash and cash equivalents 41,425 10,336
Cash and cash equivalents, beginning of period 20,099 5,696
Cash and cash equivalents, end of period 61,524 16,032
Cash paid for:    
Income taxes
Interest $ 353 $ 1,043