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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 $ (7,232) $ (2,577)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 2 1
Stock-based compensation 228 672
Marketable equity securities revaluation (644) 302
Loss from extinguishment of convertible loans 878
Accrued interest on convertible loans 36
Amortization of premium related to convertible loans (1,188)
Loss from recognition of mandatorily redeemable Series B Preferred Stock 3,207
Change from revaluation of mandatorily redeemable Series B Preferred Stock 597
Change from revaluation of contingent obligation with respect to future revenues 1,758
Increase in license purchase obligation 150 150
Change in:    
Other current assets 228 103
Accounts payable 750 75
Net cash used in operating activities (956) (1,548)
Cash flows from investing activities    
Purchase of property and equipment (1)
Proceeds from sale of marketable equity securities 115
Net cash provided by investing activities 114
Cash flows from financing activities    
License obligation (150) (150)
Net proceeds from issuance of mandatorily redeemable Series B Preferred Stock 100
Loan received 247
Net cash provided by (used in) financing activities 197 (150)
Decrease in cash, cash equivalents and restricted cash (645) (1,698)
Cash, cash equivalents and restricted cash at the beginning of the period 759 3,183
Cash, cash equivalents and restricted cash at the end of the period 114 1,485
Supplemental disclosure of non-cash financing activities:    
Common shares issued through receipt of marketable securities 765
Amount allocated to the repurchase right to existing right to future investment related to 2016 and 2017 loans - March 2019 loan amendment (481)
Amounts that were allocated to the right for future investment - 2016 loan - March 2019 loan amendment 256
Amounts that were allocated to the right for future investment - 2017 loan - March 2019 loan amendment 386
Deemed dividends with respect to the repurchase of right for future investment - March 2019 loan amendment 104
Amount allocated to the repurchase right to existing right to future investment related to 2016 and 2017 loans - May 2019 loan extension (152)
Amounts that were allocated to the right for future investment and warrants - 2016 loan - May 2019 loan extension 381
Amounts that were allocated to the right for future investment and warrants - 2017 loan - May 2019 loan extension 576
Deemed dividends with respect to the repurchase of right for future investment - May 2019 loan extension 81
Amount allocated to the 2016 Loan - March 2019 loan amendment 729
Amount allocated to the 2017 Loan - March 2019 loan amendment 1,037
Amount allocated to the 2016 Loan - May 2019 loan extension 634
Amount allocated to the 2017 Loan - May 2019 loan extension 922
Amounts transferred from Series B Preferred Stock investment to restricted deposit held in escrow 3,700
Investment in marketable securities (Bonus shares) 8,759
Recognition of contingent obligation with respect to future revenues 5,059
Issuance of mandatorily redeemable Series B Preferred Stock 7,400
Settlement of mandatorily redeemable series B Preferred Stock through distribution of Bonus shares $ 6,597