Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,391) $ (10,921)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 200 201
Amortization of debt issuance costs 4 21
(Gain) loss on change in estimated fair value of contingent royalty obligation 117 (245)
Share based compensation 1,929 1,457
Issuance of common stock for board of directors’ compensation 114
Issuance of common stock for consultants 53
Impairment of fixed assets 18
Non-cash operating lease expense 54 105
Changes in operating assets and liabilities:    
Accounts receivable (38) 71
Inventory 43 (311)
Prepaid expenses and other current assets (366) (654)
Accounts payable and accrued expenses (204) (975)
Operating lease liabilities - current and non-current (57) (104)
Other current liabilities (53) (10)
Net cash used in operating activities (7,595) (11,347)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (269) (225)
Proceeds from sale of available-for-sale securities 8,203
Net cash provided by (used in) investing activities (269) 7,978
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common shares 1,901
Proceeds from exercise and purchase of warrants 11,959
Financing fees (436) (34)
Net cash provided by (used in) financing activities 13,424 (34)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,560 (3,403)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 20,819 [1] 20,528
CASH AND CASH EQUIVALENTS AT END OF PERIOD 26,379 17,125
CASH PAID FOR:    
Interest 222 209
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:    
Common stock issued to settle accrued expenses for board of directors’ compensation 56
Common stock issued for prepaid board of directors’ compensation 121
Reclassification of inventory to fixed assets 56 170
Reclassification of prepaid expenses to fixed assets 75
Purchase of fixed assets in accounts payable and accrued expenses 73
Financing costs incurred but unpaid at period end 4
Financing fees extinguished previously included in accounts payable and accrued expenses $ 200
[1] Derived from audited consolidated financial statements