Cash Flow

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (26,722) $ (19,549)
Reconciliation of net loss to net cash used in operating activities    
Depreciation 2,354 2,149
Amortization of intellectual property 143 118
Accretion of asset retirement obligation 32 21
Fair value of warrant modification, net 402
Stock-based compensation 853 592
Amortization of debt discount 1,152 206
Amortization of deferred financing costs 64 63
Non-cash convertible note interest expense 509 456
Impairment of acquired intellectual property 2,411
Loss on sale of equipment 10
Inventory write down 179
Changes in operating assets and liabilities    
Accounts receivable 21 (577)
Inventory (29) (1,159)
Prepaid expenses and other current assets 448 150
Accounts payable 483 1,152
Accrued expenses 827 773
Deferred rent (116) (132)
Net cash used in operating activities (19,390) (13,326)
Cash flows from investing activities:    
Purchases of property and equipment (3,057) (6,618)
Other assets (10)
Intellectual property related expenditures (436)
Net cash used in investing activities (3,067) (7,054)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of transaction costs 28,754 11,556
Payments on notes payable (206) (133)
Payments on capital leases (112) (102)
Net cash provided by financing activities 28,436 11,321
Net increase (decrease) in cash, cash equivalents and restricted cash 5,979 (9,059)
Cash, cash equivalents and restricted cash at beginning of period 22,793 26,582
Cash, cash equivalents and restricted cash at end of period 28,772 17,523
Non-cash financing activities    
Capital lease 38
Total non-cash financing activities 38
Supplemental disclosure of non-cash transactions    
Change in property and equipment resulting from change in accounts payable (45) (344)
Change in property and equipment resulting from change in accrued expenses (8) (702)
Asset retirement obligation offset with asset retirement cost (property and equipment) 670
Fair value of common stock issued for intellectual property 2,149
Change in equity resulting from a change in accrued expenses $ 600

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