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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income (loss) $ 10,526 $ (11,658)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 29 2
Operating leases amortization 100  
Stock based compensation from issuance of options 2,516 4,642
Issuance of common stock for services 0 782
Loss on settlement of liability 0 50
Change in assets and liabilities:    
Accounts receivable (11,579) 7,585
Prepaid and other current assets (673) 387
Accounts payable and accrued expenses 819 (2,497)
Accrued salaries and wages 45 235
Lease liabilities (98)  
Royalty payable 3,477 0
Deferred revenue 143 167
License fees (8,100) 0
Net cash provided by (used in) operating activities (2,795) (305)
Cash flows from investing activities    
Purchase of property and equipment (302) 0
Net cash used in investing activities (302) 0
Cash flows provided by financing activities    
Proceeds from issuance of warrants 0 34
Proceeds from issuance of common shares 0 17,153
Finance costs 0 (173)
Proceeds from stock option exercises 1,705 0
Net cash provided by financing activities 1,705 17,014
Net increase (decrease) in cash and cash equivalents (1,392) 16,709
Cash and cash equivalents, beginning of period 24,614 8,116
Cash and cash equivalents, end of period 23,222 24,825
Non-Cash Transactions    
Right of use assets obtained in exchange for new lease obligations 949  
Issuance of Common Shares to Net Profit Partner 0 1,600
Offset of deferred financing costs against APIC $ 0 $ 209