Cash Flow

v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (22,209) $ (17,459)
Reconciliation of net loss to net cash used in operating activities    
Depreciation 1,937 1,566
Amortization of intellectual property 92 95
Accretion of asset retirement obligation 23 21
Fair value of warrant modification, net 0 402
Fair value of common stock issued for consulting services 3,044 0
Stock-based compensation 1,998 492
Warrant expense 2,312 0
Amortization of debt discount 0 597
Amortization of deferred financing costs 38 42
Non-cash convertible note interest expense 2,556 333
Non-cash interest expense 118 0
Loss on disposal of Ebonex asset 90 0
Loss on disposal of equipment 79 0
Inventory adjustment 0 130
Changes in operating assets and liabilities    
Accounts receivable (288) 522
Inventory (977) (138)
Prepaid expenses and other current assets (210) 552
Accounts payable 2,453 111
Accrued expenses (2,605) 645
Deferred rent (35) (93)
Other assets and liabilities (247) 0
Net cash used in operating activities (11,831) (12,182)
Cash flows from investing activities:    
Purchases of property and equipment (3,198) (2,391)
Equipment deposits and other assets (1,101) 0
Net cash used in investing activities (4,299) (2,391)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of transaction costs 29,380 28,754
Payments on notes payable (179) (137)
Payments on finance leases 0 (78)
Payments on convertible note (6,651) 0
Net cash provided by financing activities 22,550 28,539
Net decrease in cash and cash equivalents 6,420 13,966
Cash and cash equivalents at beginning of period 20,892 22,793
Cash and cash equivalents at end of period 27,312 36,759
Supplemental disclosure of cash flows information    
Cash paid for income taxes 2 2
Cash paid for interest 372 310
Supplemental disclosure of non-cash transactions    
Change in property and equipment resulting from change in accounts payable (904) 146
Change in property and equipment resulting from change in accrued expenses 218 (212)
Change in equity resulting from change in accrued expenses $ 1,300 $ 600

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