Cash Flow

v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (33,525) $ (26,722)
Reconciliation of net loss to net cash used in operating activities    
Depreciation 2,987 2,354
Amortization of intellectual property 137 143
Accretion of asset retirement obligation 34 32
Fair value of warrant modification, net 0 402
Fair value of common stock issued for consulting services 4,075 0
Stock-based compensation 2,899 853
Warrant expense 4,046 0
Amortization of debt discount 0 1,152
Amortization of deferred financing costs 47 64
Non-cash convertible note interest expense 2,556 509
Non-cash interest expense 95 0
Loss on disposal of Ebonex asset 90 0
Loss on disposal of equipment 79 10
Inventory adjustment 0 179
Changes in operating assets and liabilities    
Accounts receivable (988) 21
Inventory (1,058) (29)
Prepaid expenses and other current assets (507) 448
Accounts payable 2,763 483
Accrued expenses (1,914) 827
Deferred rent (35) (116)
Other assets and liabilities (372) 0
Net cash used in operating activities (18,591) (19,390)
Cash flows from investing activities:    
Purchases of property and equipment (8,146) (3,057)
Equipment deposits and other assets (1,122) (10)
Net cash used in investing activities (9,268) (3,067)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of transaction costs 29,380 28,754
Payments on notes payable (221) (206)
Payments on finance leases 0 (112)
Payments on convertible note (6,651) 0
Net cash provided by financing activities 22,508 28,436
Net decrease in cash and cash equivalents (5,351) 5,979
Cash and cash equivalents at beginning of period 20,892 22,793
Cash and cash equivalents at end of period 15,541 28,772
Supplemental disclosure of cash flows information    
Cash paid for income taxes 2 2
Cash paid for interest 454 465
Supplemental disclosure of non-cash transactions    
Change in property and equipment resulting from change in accounts payable (437) (45)
Change in property and equipment resulting from change in accrued expenses (259) (8)
Change in equity resulting from change in accrued expenses $ 1,300 $ 600

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