Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities:    
Net loss $ (2,452) $ (3,071)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 19 20
Amortization 157 262
Stock-based compensation 236 93
Non-cash lease expense 41
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (55) 34
Decrease in other current asset 1,124
Decrease in inventories 298 51
Increase in prepaid expenses and other assets (71) (88)
Decrease in operating lease liabilities (35)
Decrease in other asset bond deposit 50
Increase in deferred revenue 20
Increase in accrued interest on promissory note payable 27 29
Decrease in accounts payable and accrued expenses (376) (428)
Net cash used in operating activities (2,211) (1,904)
Cash Flows From Financing Activities:    
Proceeds from registered direct offering of common stock 1,298 438
Proceeds from related party promissory note 300
Proceeds from note payable PPP loan 310
Deferred offering costs from at-the market transaction (3)
Proceeds from issuance of common stock in private placement 1,030 1,850
Net cash provided by financing activities 2,938 2,285
Net increase in cash 727 381
Cash at beginning of period 64 15
Cash at end of period 791 396
Supplemental schedule of non-cash investing and financing activities:    
Conversion of related party promissory note payable into shares of common stock 825 250
Reclassification of deferred offering costs to additional paid in capital $ 95 $ 16