XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (7,936) $ (8,304)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 432 437
Loss on extinguishment of debt 1,942
Amortization of operating lease right-of-use-assets 191 56
Expense on modification of warrants 85  
Stock-based compensation 760 427
Amortization of debt issuance costs and debt discount 14 178
Change in fair value of warrants, conversion option and derivative liability (1) 46
Changes in assets and liabilities    
Accounts receivable 609 81
Other receivable (1) 4
Inventory (575) 382
Prepaid expenses and other current assets 189 150
Other non-current assets 27 27
Operating lease liabilities (119) (93)
Accounts payable 191 1,150
Accrued expenses 191 52
Total cash used in operating activities (4,296) (3,465)
Cash flows from investing activities    
Purchase of equipment (7)  
Total cash used in investing activities (7)  
Cash flows from financing activities    
Proceeds from issuance of notes payable, net of issuance costs and debt discount 350 800
Repayment of notes payable (50) (100)
Proceeds from issuance of common stock   2,769
Total cash provided by financing activities 2,023 3,469
Net increase in cash and restricted cash (2,280) 4
Cash and restricted cash at beginning of period 3,883 2,568
Cash and restricted cash at end of period 1,603 2,572
Supplemental schedule of cash flow information    
Cash paid for interest 6  
Supplemental schedule of non-cash financing and investing activities    
Accretion to redemption value of Series A redeemable convertible preferred stock (480)  
Private Investment in Public Entities    
Cash flows from financing activities    
Proceeds from the issuance of convertible preferred stock 698  
2019 Bridge Note Warrants    
Cash flows from financing activities    
Proceeds from issuance of common stock 173  
Notes payable    
Supplemental schedule of non-cash financing and investing activities    
Common stock issued as redemption of notes payable and related interest   4,821
Issuance of warrants   893
Accounts payable and accrued expenses    
Supplemental schedule of non-cash financing and investing activities    
Offering costs included in accounts payable and accrued expenses 240  
Series 2 warrants    
Cash flows from financing activities    
Proceeds from issuance of common stock 708  
Series 1 warrants    
Cash flows from financing activities    
Proceeds from issuance of common stock 144  
March 2019 letter of credit warrant    
Supplemental schedule of non-cash financing and investing activities    
Issuance of warrants   $ 116
Series B convertible preferred stock    
Adjustments to reconcile net loss to net cash used in operating activities:    
Series B convertible preferred stock inducement expense 1,647  
Series A convertible preferred stock    
Supplemental schedule of non-cash financing and investing activities    
Accretion to redemption value of Series A redeemable convertible preferred stock 480  
Series B-2 convertible preferred stock    
Supplemental schedule of non-cash financing and investing activities    
Conversion of Series B-2 convertible preferred stock into common stock $ 320