v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,933) $ (3,964)
Adjustments to reconcile net loss to net cash flows used in operating activities    
Depreciation and amortization 30 30
Inventory reserve 300 375
Amortization of discount of notes payable and convertible notes payable 1,028 2,102
Foreign exchange adjustments 1,215 (70)
Tax benefit recognized on unrealized gain on debt securities (201)  
Net gain on investment in marketable securities   (1,208)
Loss on equity method investment 1,336 980
Loss on debt extinguishment 1,172 1,425
Gain on disposal of property and equipment (1)  
Share-based compensation 455 428
Shares issued for services 500  
Change in fair value of warrant derivative liabilities 191 76
Change in fair value of conversion feature derivative, notes payable (225) (6)
Net changes in operating assets and liabilities    
Accounts receivable (3,163) 693
Inventories 237 (267)
Prepaid expenses and other current assets 5 528
Other non-current assets 272 183
Income tax receivable and payable (14) (295)
Accounts payable and accrued expenses (884) (412)
Other current liabilities 197 (4,903)
Other long-term liabilities (276) 2,586
Net cash flows used in operating activities (3,759) (1,719)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sale of marketable securities   2,130
Purchases of property and equipment (1) (13)
Loan to equity method investee (3,965) (561)
Net cash flows provided by (used in) investing activities (3,966) 1,556
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable issued, net of issuance cost and discount 700 998
Proceeds from convertible notes payable issued, net of issuance cost and discount 14,490  
Payments of notes payable (1,079) (200)
Payments of convertible notes (7,200) (1,500)
Proceeds from issuance of common stock, net of issuance cost   142
Net cash flows provided by (used in) financing activities 6,911 (560)
Effect of exchange rate changes on cash (2) (7)
Net decrease in cash, cash equivalents and restricted cash (816) (730)
Cash, cash equivalents and restricted cash, beginning of period 2,487 1,769
Cash, cash equivalents and restricted cash, end of period 1,671 1,039
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES    
Interest paid 590 802
Income taxes paid 41 82
NON-CASH INVESING AND FINANCING ACTIVITIES    
Debt discount due to conversion features derivative $ 5,555  
Debt discount due to warrant issued with debt   $ 400

Source