v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ 1,100 $ (54,842)
Adjustments to reconcile net loss to net cash flows from operating activities    
Depreciation and amortization 60 73
Impairment loss on long-term investment   515
Inventory reserve 1,134  
Amortization of discount of notes payable and convertible notes payable 4,027 23,781
Foreign exchange adjustments (679) (115)
Tax benefit recognized on unrealized gain on debt securities (427)  
Net (gain) losses on investment in marketable securities (7,672) 21,432
Loss on equity method investment 2,314 414
Loss on debt extinguishment 1,425 438
Share-based compensation and fair value of replacement equity award 739 3,805
Notes conversion costs   3,341
Change in fair value of warrant derivative liabilities (392) (3,545)
Change in fair value of embedded conversion option (112) (131)
Net changes in operating assets and liabilities    
Accounts receivable 1,953 (361)
Inventories (245) (3,267)
Prepaid expenses and other current assets 33 (720)
Other non-current assets 380 (4,364)
Income tax receivable and payable (100) (64)
Accounts payable and accrued expenses (3,345) 6,527
Deferred rent   (317)
Other current liabilities (3,052) 426
Other long-term liabilities 408 2,451
Net cash flows used in operating activities (2,451) (4,523)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with the Merger   (1,645)
Sale of marketable securities 35,601 221
Purchases of property and equipment (15) (60)
Purchase of convertible bonds (26,160)  
Loan to equity method investee (3,956)  
Net cash flows provided by (used in) investing activities 5,470 (1,484)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable issued, net of issuance cost and discount 2,765 600
Payments of notes payable (1,717) (143)
Payments of convertible notes (3,500) (5,348)
Proceeds from exercise of warrants   186
Proceeds from issuance of common stock, net of issuance cost 142 8,589
Net cash flows provided by (used in) financing activities (2,310) 3,884
Effect of exchange rate changes on cash 9 (13)
Net increase (decrease) in cash, cash equivalents and restricted cash 718 (2,136)
Cash, cash equivalents and restricted cash, beginning of period 1,769 3,905
Cash, cash equivalents and restricted cash, end of period 2,487 1,769
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES    
Interest paid 1,481 1,543
Income taxes paid $ 144 227
NON-CASH INVESTMENT AND FINANCING ACTIVITIES    
Warrant liabilities reclassified to equity   6,337
Conversion of convertible notes and notes payable to common stock   33,777
Conversion of accrued interest payable to common stock   5,722
Initial recognition of right-of-use lease asset   $ 2,922

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