XML 70 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net (loss) income $ (5,179,000) $ (5,812,000)
Adjustments to reconcile net (loss) income to net cash used in operating activities    
Stock-based compensation, net 213,000 28,000
Depreciation and amortization 295,000 365,000
Issuance of common stock for services 80,000 60,000
Derivative loss (gain) (831,000) 3,160,000
Changes in operating assets and liabilities    
Increase in prepaid expenses and other 698,000 (180,000)
Increase (decrease) in accounts payable and accrued expenses 189,000 (5,000)
Decrease in lease liability (18,000) (56,000)
Net cash used in operating activities (4,553,000) (2,440,000)
Cash flows used in investing activities    
Purchase of fixed assets 0 (5,000)
Net cash used in investing activities 0 (5,000)
Cash flows from financing activities    
Proceeds from sale of common stock in connection with the equity distribution agreement 682,000 0
Costs related to sale of common stock in connection with the equity distribution agreement (246,000) 0
Proceeds from warrant exercises 0 20,000
Net cash provided by financing activities 436,000 20,000
Net change in cash and cash equivalents (4,117,000) (2,425,000)
Cash and cash equivalents at beginning of period 6,532,000 7,585,000
Cash and cash equivalents at end of period 2,415,000 5,160,000
Non-cash transactions:    
Initial lease liability arising from the adoption of ASU 2016-02 0 1,704,000
Initial recognition of right-of-use asset arising from the adoption of ASU 2016-02 $ 0 $ 1,168,000