XML 39 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ 22,308,000 $ (19,161,000)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 413,000 98,000
Amortization of intangible assets 688,000 0
Stock-based compensation 1,113,000 531,000
Non cash lease expense [1] 148,000 124,000
Gain from equity method investment in SAVSU 232,000
Change in fair value of contingent consideration (63,000)
Change in fair value of warrant liability (21,914,000) 19,663,000
Change in operating assets and liabilities    
Accounts receivable, trade (2,929,000) 118,000
Inventories 143,000 (551,000)
Prepaid expenses and other current assets 317,000 6,000
Increase (Decrease) in Accounts Payable, Total 561,000
Accrued expenses and other current liabilities [1] 304,000 (469,000)
Other (402,000) 555,000
Net cash provided by operating activities 687,000 1,146,000
Cash flows from investing activities    
Purchase of property and equipment (146,000)
Purchase of assets held for rent, net (1,081,000) (156,000)
Net cash used in investing activities (1,227,000) (156,000)
Cash flows from financing activities    
Proceeds from exercise of common stock options 490,000 161,000
Proceeds from exercise of warrants 9,000 23,000
Other (7,000) (7,000)
Net cash provided by financing activities 492,000 177,000
Net increase (decrease) in cash and cash equivalents (48,000) 1,167,000
Cash and cash equivalents - beginning of period 6,448,000 30,657,000
Cash and cash equivalents - end of period 6,400,000 31,824,000
Non-cash investing and financing activities    
Reclassification of warrant liability to equity upon exercise 21,000 73,000
Purchase of property & equipment not yet paid 6,000 46,000
Stock issued as 2019 bonus payout $ 314,000
[1] Reclass of operating lease liabilities related to updated treatment of leases under ASC 842