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, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,951) $ (9,391)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 253 200
Amortization of debt issuance costs 125 4
Loss on change in estimated fair value of contingent royalty obligation 63 117
Share-based compensation 982 1,929
Impairment of inventory 159
Impairment of fixed assets 36
Issuance of common stock for board of directors’ compensation 118 114
Issuance of common stock for consultants 53
Amortization of operating lease right-of-use asset 175 54
Changes in operating assets and liabilities:    
Accounts receivable 28 (38)
Inventory (764) 43
Prepaid expenses and other current assets (407) (366)
Accounts payable and accrued expenses (459) (204)
Operating lease liabilities - current and non-current (177) (57)
Other current and non-current liabilities 8 (53)
Net cash used in operating activities (9,811) (7,595)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (49) (269)
Net cash used in investing activities (49) (269)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise and purchase of warrants 11,959
Proceeds from issuance of common shares 1,901
Proceeds from issuance of common shares pursuant to at-the-market issuance registered offering 3,165
Financing fees (111) (436)
Net cash provided by financing activities 3,054 13,424
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (6,806) 5,560
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 22,563 20,819
CASH AND CASH EQUIVALENTS AT END OF PERIOD 15,757 26,379
CASH PAID FOR:    
Interest 511 222
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Common stock issued to settle accrued expenses for board of directors’ compensation 56
Common stock issued for prepaid board of directors’ compensation 117 121
Reclassification of prepaid expenses to fixed assets 4 75
Reclassification of inventory to fixed assets 62 56
Purchase of fixed assets in accounts payable and accrued expenses 75 73
Financing fees included in accounts payable and accrued expenses 5 4
Right-of-use asset obtained in exchange for lease obligation 34
Prepaid expenses resulting from right-of-use asset obtained $ 3