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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net (loss) income $ (1,339,000) $ 2,314,000
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Bargain purchase gain (6,988,000)
Depreciation and amortization 1,100,000 511,000
Stock-based compensation 164,000 86,000
Loss on revaluation of financial instruments 3,000
Non-cash interest expense 35,000 323,000
Amortization of note discount 18,000
Non-cash interest expense related to sale of future royalties 544,000 298,000
Non-cash revenue related to sale of future royalties (1,384,000)
Change in operating assets and liabilities:    
Accounts receivable (3,788,000) 1,947,000
Prepaid expenses and other assets 100,000 (469,000)
Accounts payable (184,000) (3,097,000)
Accrued liabilities 99,000 (5,536,000)
Net cash used in operating activities (4,653,000) (10,590,000)
Cash flows from investing activities:    
Purchase of property and equipment (552,000) (140,000)
Cash acquired in reverse merger 25,525,000
Cash paid for fractional shares in merger (21,000)
Purchases of short-term investments (573,000)
Proceeds from maturities of short-term investments 1,988,000
Net cash (used in) provided by investing activities (552,000) 26,779,000
Cash flows from financing activities:    
Net proceeds from issuance of common stock in registered direct offering 2,540,000
Repayment of principal on secured promissory note payable to Oxford Finance (417,000) (278,000)
Proceeds from issuance of common stock upon exercise of stock options 13,000
Net cash provided by (used in) financing activities 2,123,000 (265,000)
Net (decrease) increase in cash and cash equivalents (3,082,000) 15,924,000
Cash, cash equivalents and restricted cash at beginning of the period 11,506,000 1,571,000
Cash, cash equivalents and restricted cash at end of the period 8,424,000 17,495,000
Supplemental disclosure of cash flow information:    
Interest paid 72,000 95,000
Supplemental disclosure of non-cash financing activity:    
Issuance of warrants to placement agent's representatives 100,000
Issuance of common stock upon reverse merger, net of cash paid for partial shares 31,768,000
Conversion of convertible promissory notes, related parties into common stock upon reverse merger 35,577,000
Reclassification of convertible preferred stock warrant liability to equity 70,000
Acquisition of property and equipment included in accounts payable $ 123,000 $ 72,000