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
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,811) $ (4,649)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 124 98
Amortization of debt issuance costs 59 2
(Gain) loss on change in estimated fair value of contingent royalty obligation (29) 80
Share based compensation 521 919
Impairment of inventory 159
Issuance of common stock for board of directors’ compensation 57 55
Amortization on operating lease right-of-use asset 79 36
Changes in operating assets and liabilities:    
Accounts receivable 91 (39)
Inventory (376) 33
Prepaid expenses and other current assets (378) (687)
Accounts payable and accrued expenses (658) (296)
Operating lease liabilities - current and non-current (82) (38)
Other current and non-current liabilities (2) (56)
Net cash used in operating activities (5,246) (4,542)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (1) (139)
Net cash used in investing activities (1) (139)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise and purchase of warrants 11,959
Proceeds from issuance of common shares pursuant to at-the-market issuance registered offering 3,116
Financing fees (94) (348)
Net cash provided by financing activities 3,022 11,611
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (2,225) 6,930
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 22,563 20,819
CASH AND CASH EQUIVALENTS AT END OF PERIOD 20,338 27,749
CASH PAID FOR:    
Interest 244 110
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 178 162
Reclassification of prepaid expenses to fixed assets 4 75
Reclassification of inventory to fixed assets 12 2
Purchase of fixed assets in accounts payable and accrued expenses 45 16
Financing fees included in accounts payable and accrued expenses 17 18
Right-of-use asset obtained in exchange for lease obligation 35
Prepaid expenses resulting from right-of-use asset obtained $ 3