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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 999 $ 6,069
Reconciliation of net (loss) income to net cash provided by (used in) operating activities:    
Bad debt expense 573 0
Depreciation and amortization 36 15
Change in fair value of derivative liabilities (2,925) 0
Amortization of operating lease right-of-use asset 104 0
Stock based compensation 3,359 0
Subtotal of non-cash charges 1,147 15
Change in operating assets and liabilities:    
Accounts receivable (1,685) (129)
Inventories (1,181) (491)
Prepaid expenses and other current assets (393) 148
Other assets (26) (5)
Accounts payable and accrued expenses 720 (26)
Deferred revenue (22) 117
Lease liabilities (83) 0
Net cash (used in) provided by operating activities (524) 5,698
Cash Flows from Investing Activities:    
Purchase of property, plant and equipment (365) (12)
Net cash used in investing activities (365) (12)
Cash Flows from Financing Activities:    
Proceeds from issuance of common stock and warrants in a private offering, net 23,160 0
Cash distributions to CCD Members (18,409) (5,352)
Net cash provided by (used in) financing activities 4,751 (5,352)
Net increase in cash 3,862 334
Cash, beginning of the period 304 655
Cash, end of the period 4,166 989
Supplemental disclosure of cash flow information    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
Effect of reverse merger 2,378 0
Conversion of Series B convertible preferred stock $ 1 $ 0