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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (1,885) $ (3,124)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 18 18
Loss on disposal of fixed assets 82 0
Stock-based compensation 78 124
Issuance of common stock in exchange for unexercised options 0 62
Issuance of common stock as compensation in lieu of cash 21 0
Change in fair value of derivative liabilities 1,172 197
Loss on extinguishment of derivative liabilities (335) 0
Change in assets and liabilities    
Accounts receivable 84 168
Inventory (48) (64)
Other assets (495) 30
Operating lease right-of-use assets (10) (3)
Accounts payable (33) 662
Deferred revenue (129) 234
Accrued expense (123) 102
Pension obligation (13) 8
Total adjustments (1,405) 1,144
Net cash used in operating activities (3,290) (1,980)
Cash flows from investing activities    
Purchase of property and equipment (53) 0
Net cash used in investing activities (53) 0
Cash flows from financing activities    
Proceeds from issuance of common stock, net 0 622
Proceeds from issuance of related party notes payable 0 350
Net cash provided by financing activities 0 972
Effect of exchange rate changes on cash 54 31
Net decrease in cash and cash equivalents (3,289) (977)
Cash and cash equivalents at beginning of period 8,345 1,030
Cash and cash equivalents at end of period 5,056 53
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:    
Stock dividends on Series A Convertible Redeemable Preferred Stock 92 937
Stock dividends on Series A-1 Convertible Redeemable Preferred Stock 83 250
Stock dividends on Series D Convertible Redeemable Preferred Stock 248 0
Accretion of discount on Series C Convertible Redeemable Preferred Stock 0 175
Accretion of discount on Series D Convertible Redeemable Preferred Stock 1,817 0
Conversion of Series A Convertible Redeemable Preferred Stock into Common Stock 438 0
Conversion of Series A-1 Convertible Redeemable Preferred Stock into Common Stock 443 0
Stock subscription receivable $ 0 $ 765