Cash Flow

v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (8,410) $ (22,209)
Reconciliation of net loss to net cash used in operating activities    
Depreciation 1,236 1,937
Amortization of intellectual property 90 92
Accretion of asset retirement obligation 24 23
Fair value of common stock issued for consulting services 24 3,044
Stock-based compensation 1,510 1,998
Warrant expense 0 2,312
Amortization of deferred financing costs 18 38
Non-cash convertible note interest expense 0 2,556
Non-cash interest expense 0 118
Loss on disposal of Ebonex asset 0 90
Loss on disposal of equipment 0 79
Changes in operating assets and liabilities    
Accounts receivable 244 (288)
Inventory 49 (977)
Prepaid expenses and other current assets 733 (210)
Accounts payable (1,953) 2,453
Accrued expenses (1,671) (2,605)
Deferred rent 0 (35)
Other assets and liabilities (217) (247)
Net cash used in operating activities (8,323) (11,831)
Cash flows from investing activities:    
Purchases of property and equipment (2,239) (3,198)
Equipment deposits and other assets (36) (1,101)
Insurance proceeds 7,625 0
Net cash provided by (used in) investing activities 5,350 (4,299)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of transaction costs 0 29,380
Proceeds from PPP Loan 332 0
Payments on notes payable (158) (179)
Payments on convertible note 0 (6,651)
Net cash provided by financing activities 174 22,550
Net decrease in cash and cash equivalents (2,799) 6,420
Cash and cash equivalents at beginning of period 7,575 20,892
Cash and cash equivalents at end of period 4,776 27,312
Supplemental disclosure of cash flows information    
Cash paid for income taxes 2 2
Cash paid for interest 308 372
Supplemental disclosure of non-cash transactions    
Change in accounts receivable resulting from insurance funds held in escrow 4,875 0
Change in property and equipment resulting from change in accounts payable (994) (904)
Change in property and equipment resulting from change in accrued expenses (287) 218
Change in equity resulting from change in accrued expenses $ 24 $ 1,300

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