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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 8,077 $ (5,795)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation expense 229 260
Warrant revaluation income (8) (326)
Derivative revaluation expense (income) 1,083 (179)
Depreciation and amortization of long lived assets 168 202
Decrease (increase) in operating assets:    
Accounts receivable (1,911) 0
Contract asset (12,718) 0
Prepaid expenses and other current assets (706) 30
Increase (decrease) in operating liabilities:    
Accounts payable 485 51
Related party payable 3,715 (2,027)
Income taxes payable 634 0
Accrued expenses, deferred rent (67) (74)
Accrued lease liabilities - operating lease (23) 0
Accrued interest payable 396 382
Net cash used in operating activities (646) (7,476)
Cash flows from investing activities:    
Purchase of property and equipment (87) (83)
Net cash used in investing activities (87) (83)
Cash flows from financing activities:    
Payment of deferred offering costs (22) (444)
Proceeds from conversion of pre-funded warrants 0 24
Proceeds from conversion of common warrants 0 499
Proceeds from May 2018 Registered Direct Offering, net of offering costs of $527 0 5,473
Net cash provided by (used in) financing activities (22) 5,552
Effect of exchange rate changes on cash balances 0 0
Net decrease in cash and cash equivalents (755) (2,007)
Cash and cash equivalents, beginning of period 14,430 17,417
Cash and cash equivalents, end of period 13,675 15,410
Supplemental disclosures of cash flow information:    
Property and equipment in accounts payable 157 52
Offering costs in accounts payable and accrued expenses 15 100
Dividend paid in-kind to preferred stockholders 171 165
Deemed dividend on preferred stock $ 285 $ 247