Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.20.2
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 $ (10,921) $ (11,954)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 201 99
Amortization of debt issuance costs 21
(Gain) loss on change in estimated fair value of contingent royalty obligation (245) 59
Share based compensation 1,457 1,800
Unrealized gain on investments (5)
Inventory write-down 19
Impairment of fixed assets 18
Non-cash operating lease expense 105 157
Changes in operating assets and liabilities:    
Accounts receivable 55 (3)
Related party receivable 16
Inventory (311) (89)
Prepaid expenses and other current assets (654) 113
Accounts payable and accrued expenses (975) 170
Operating lease liabilities - current and non-current (104) (157)
Other current and non-current liabilities (10) 29
Net cash used in operating activities (11,347) (9,762)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (225) (173)
Purchase of available-for-sale securities (2,056)
Proceeds from sale of available-for-sale securities 8,203 2,000
Net cash provided by (used in) investing activities 7,978 (229)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of options 2
Financing fees (34) (207)
Net cash used in financing activities (34) (205)
NET DECREASE IN CASH AND CASH EQUIVALENTS (3,403) (10,196)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 20,528 18,050
CASH AND CASH EQUIVALENTS AT END OF PERIOD 17,125 7,854
CASH PAID FOR:    
Interest 209
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Financing fees included in accounts payable and accrued expenses 358
Financing fees extinguished previously included in accounts payable and accrued expenses $ 200