XML 16 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (7,137,000) $ (5,716,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 253,000 195,000
Stock-based compensation 1,354,000 963,000
Non-cash loss on disposal of assets 1,000 0
Non-cash investment income (17,000) 0
Non-cash patent write-off 16,000 8,000
Changes in assets and liabilities:    
Accounts receivable 116,000 (95,000)
Prepaid expenses and other current assets (45,000) 80,000
Restricted cash 0 100,000
Operating lease right-of-use assets 55,000  
Other assets 1,000 0
Accounts payable 69,000 403,000
Accrued expenses 11,000 (79,000)
Accrued salaries and payroll related expenses (696,000) (526,000)
Customer deposits 0 130,000
Operating lease liabilities (11,000) 0
Deferred revenue (67,000) 0
Net cash used in operating activities (6,097,000) (4,737,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (303,000) (519,000)
Expenditures for patents and domain names (105,000) (43,000)
Redemption of investments held-to-maturity 19,359,000 0
Purchase of investments held-to-maturity (8,956,000) (24,985,000)
Net cash provided by (used in) investing activities 9,995,000 (25,547,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from the sale of common stock from underwritten public offering 0 18,381,000
Proceeds from exercise of warrants 400,000 43,000
Net cash provided by financing activities 400,000 18,424,000
Effects of exchange rates on cash, cash equivalents and restricted cash (1,000) 3,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 4,297,000 (11,857,000)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of period 4,605,000 19,624,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of period 8,902,000 7,767,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Taxes Paid 1,000 3,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Restricted stock units issued in settlement of liability 0 436,000
Property and equipment included in accounts payable 124,000 8,000
Property and equipment included in accrued liabilities 92,000 0
Patents included in accounts payable 23,000 35,000
Patents included in accrued liabilities 19,000 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents    
Total cash, cash equivalents and restricted cash $ 4,605,000 $ 19,624,000