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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net loss $ (6,160) $ (5,869)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 36 24
Amortization of debt issuance costs and beneficial conversion feature 0 122
Stock-based compensation 347 708
Warrants issued in lieu of cash as compensation for services 8 9
Change in fair value of derivative liabilities (57) 0
Change in assets and liabilities    
Accounts receivable 592 (118)
Inventory (290) 60
Other assets 8 (44)
Operating lease right-of-use assets 106 0
Accounts payable (127) (67)
Deferred revenue (142) (464)
Accrued expense 473 389
Contract costs (29) 0
Pension obligation 52 14
Total adjustments 977 633
Net cash used in operating activities (5,183) (5,236)
Cash flows from investing activities    
Purchase of property and equipment (8) (7)
Net cash used in investing activities (8) (7)
Cash flows from financing activities    
Proceeds from issuance of common stock, net of financing costs 6,095 0
Dividends paid (25) (25)
Proceeds from exercised stock options 166 149
Net cash provided by financing activities 6,236 124
Effect of exchange rate changes on cash (5) 15
Net increase (decrease) in cash and cash equivalents 1,040 (5,104)
Cash and cash equivalents at beginning of period 5,694 7,317
Cash and cash equivalents at end of period 6,734 2,213
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
Summary of non-cash investing and financing activities:    
Beneficial conversion feature of convertible related party lines of credit 0 21
Stock dividends on Series A Convertible Preferred Stock 1,794 1,464
Stock dividends on Series C Convertible Redeemable Preferred Stock 479 0
Accretion of discount on Series C Convertible Redeemable Preferred Stock (370) 0
Recognition of operating lease right-of-use assets from adoption of ASC 842 2,265 0
Recognition of lease liabilities from adoption of ASC 842 (2,280) 0
Conversion of Convertible Preferred Stock into Common Stock $ 0 $ 4