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
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (14,215) $ (14,859)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 318 279
Amortization of debt issuance costs 32 23
(Gain) loss on change in estimated fair value of contingent royalty obligation 152 (248)
Share based compensation 2,777 2,242
Issuance of common stock for board of directors’ compensation 174 111
Issuance of common stock for consultants 53
Loss on extinguishment of debt 237
Impairment of inventory 186
Impairment of fixed assets 18
Non-cash operating lease expense 152 142
Changes in operating assets and liabilities:    
Accounts receivable (146) 26
Inventory 48 (281)
Prepaid expenses and other current assets (97) (523)
Accounts payable and accrued expenses 38 (948)
Operating lease liabilities - current and non-current (163) (138)
Other current liabilities (51) 143
Net cash used in operating activities (10,505) (14,013)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (425) (235)
Proceeds from sale of available-for-sale securities 8,203
Net cash (used in) provided by investing activities (425) 7,968
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common shares 1,900 9,994
Proceeds from exercise and purchase of warrants 11,959 58
Borrowings under convertible note and long-term debt 9,000
Repayment of term debt (8,220)
Payment of debt issuance costs (437)
Equity financing fees (439) (848)
Net cash provided by financing activities 13,763 9,204
NET INCREASE IN CASH AND CASH EQUIVALENTS 2,833 3,159
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 20,819 20,528
CASH AND CASH EQUIVALENTS AT END OF PERIOD 23,652 23,687
CASH PAID FOR:    
Interest 443 321
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued to settle accrued expenses for board of directors’ compensation 56
Common stock issued for prepaid board of directors’ compensation 61
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 22
Financing costs incurred but unpaid at period end 16
Financing fees extinguished previously included in accounts payable and accrued expenses 200
Warrants issued related to convertible note and long-term debt recorded as debt discount 165
Accrued end of loan payment recorded as debt discount 88
Operating lease liabilities arising from obtaining right-of-use assets $ 135