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Consolidated Statements of Cash Flows
$ in Thousands
3 Months Ended
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Cash flows from operating activities:    
Net loss $ (2,414) $ (2,635)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 11 16
Amortization of operating lease right-of-use assets 69 65
Share-based compensation expense 70 67
Non-cash investment (income) expense, net   1
Changes in operating assets and liabilities:    
Prepaid expenses (590) (674)
Accounts payable 46 173
Operating lease liability (71) 26
Accrued expenses and other liabilities (843) (397)
Net cash used in operating activities (3,722) (3,358)
Cash flows from financing activities:    
Proceeds from issuance of stock under ESPP   1
Proceeds from exercise of warrants 286  
Repayment of loan payable   (100)
Proceeds from issuance of common stock and warrants, net of commissions and issuance costs 6,035  
Net cash (used in) provided by financing activities 6,321 (99)
Decrease in cash and cash equivalents and restricted cash 2,599 (3,457)
Cash, cash equivalents and restricted cash at beginning of period 6,716 16,774
Cash, cash equivalents and restricted cash at end of period 9,315 13,317
Supplemental disclosure of cash flow information and non-cash investing and financing activities:    
Cash paid for interest   1
Fair value of warrants issued in connection with the 2020 Offering $ 3,683  
Right-of-use assets and lease liability recorded upon adoption of ASC 842   $ 1,475