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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows From Operating Activities:    
Net loss $ (1,649)
Adjustments to reconcile loss to net cash provided by (used in) operating activities related to continuing operations:    
Stock-based compensation 14
Revaluation of option to purchase redeemable convertible preferred stock (Note 5) 273
Other assets, net 16
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 220
Accounts payable (98)
Accrued compensation and related expenses 106
Other accrued liabilities 310
Adjustments related to continuing operations (887)
Adjustments related to discontinued operations 79 (2,673)
Net cash used in operating activities (808) (2,673)
Cash Flows From Investing Activities:    
Purchases of property and equipment
Net cash used in investing activities - continuing operation
Net cash provided by investing activities - discontinued operations 3,262
Net cash (used in) provided by investing activities 3,262
Cash Flows From Financing Activities:    
Proceeds from issuance of redeemable convertible preferred stock and embedded option (Note 5) 2,225
Payment of notes payable (202)
Net cash provided by financing activities - continuing operation 2,023
Net cash provided by (used in) financing activities 2,023
Effect of exchange rate changes on cash and cash equivalents 21 98
Change in cash and cash equivalents 1,236 687
Cash and cash equivalents at the beginning of period 948 2,335
Cash and cash equivalents at the end of period 2,184 3,022
Supplemental disclosure of non-cash activities:    
Cash paid for income taxes 12
Cash paid for interest 34
Receivable from acquirer of group of assets 5,750
Partial exercise of written call option on redeemable convertible preferred stock (Note 5) 677
Dividend on redeemable convertible preferred stock (Note 5) [1] 79
Accretion of redeemable convertible preferred stock to redemption value (Note 5) [2] $ 1,968
[1] The net loss used for the computation of basic and diluted net loss per share for three months ended March 31, 2018, includes the preferred dividend requirement of 8% per share per annum for the Series B Preferred Stock, compounded annually which shall be distributed to stockholders in case of distributable assets determined in the Company's certificate of designation under the liquidation preference right (see also Note 5).
[2] Based on the rights and privileges of Series B Preferred Stock, since the Company did not obtain shareholder approval at March 31, 2018, the then outstanding Series B Preferred Stock became redeemable at the option of OFI.