Cash Flow

v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (11,708) $ (7,532)
Reconciliation of net loss to net cash used in operating activities    
Depreciation 843 778
Amortization of intellectual property 48 47
Accretion of asset retirement obligation 11 11
Fair value of common stock issued for consulting services 1,187 0
Stock-based compensation 1,067 144
Warrant expense 578 0
Amortization of debt discount 0 235
Amortization of deferred financing costs 29 21
Non-cash convertible note interest expense 2,556 163
Non-cash interest expense 101 0
Loss on disposal of Ebonex asset 90 0
Loss on disposal of equipment 79 0
Inventory adjustment (119) 39
Changes in operating assets and liabilities    
Accounts receivable 299 (444)
Inventory (332) 267
Prepaid expenses and other current assets (786) 132
Accounts payable 493 144
Accrued expenses (684) 83
Deferred rent (35) (46)
Other assets and liabilities (21) 0
Net cash used in operating activities (6,304) (5,958)
Cash flows from investing activities:    
Purchases of property and equipment (1,612) (1,337)
Other assets 38 0
Net cash used in investing activities (1,574) (1,337)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of transaction costs 9,063 2,107
Payments on notes payable (90) (69)
Payments on finance leases 0 (39)
Payments on convertible note (6,651) 0
Net cash provided by financing activities 2,322 1,999
Net decrease in cash and cash equivalents (5,556) (5,296)
Cash and cash equivalents at beginning of period 20,892 22,793
Cash and cash equivalents at end of period 15,336 17,497
Supplemental disclosure of cash flow information    
Change in property and equipment resulting from change in accounts payable 455 504
Change in property and equipment resulting from change in accrued expenses (103) (213)
Supplemental disclosure of cash flows information    
Cash paid for income taxes 2 2
Cash paid for interest $ 188 $ 168

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