Current report filing

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v3.19.2
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 $ (33,480) $ (53,442)
Adjustments to reconcile net loss to net cash flows from operating activities    
Depreciation and amortization 35 27
Impairment loss on long-term investment 524  
Cost of scrapped inventory written off   11
Amortization of discount of convertible notes and notes payable 12,770 8,614
Foreign exchange adjustments on convertible notes and notes payable 49 39
Net losses on equity investment in marketable securities 16,470 33,649
Loss on debt settlement   3,245
Share-based compensation 974 1,665
Change in fair value of warrant derivative liabilities (199) (895)
Change in fair value of embedded conversion option   (466)
Net changes in operating assets and liabilities    
Accounts receivable (630) (1,676)
Inventories (1,202) (1,820)
Prepaid expenses and other current assets 69 80
Other non-current assets (4,298) (216)
Accounts payable and accrued expenses 3,226 980
Deferred revenue 500 2,011
Deferred rent (287) 103
Other current liabilities 79 20
Other long-term liabilities 3,217 5,000
Net cash flows used in operating activities (2,183) (3,071)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (21) (53)
Sales of marketable securities 221  
Purchase of marketable securities and investment at cost   (469)
Net cash flows provided by (used in) investing activities 200 (522)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repurchase of common stock and warrants   (7,500)
Proceeds from convertible notes payable issued, net of issuance cost and discount   14,645
Payments of notes payable   (4,200)
Payments of convertible notes (3,368) (20,000)
Proceeds from exercise of warrants 186  
Proceeds from issuance of common stock 3,261 275
Proceeds from conversion of notes payable to common stock 21  
Net cash flows provided by (used in) financing activities 100 (16,780)
Effect of exchange rate changes on cash (28) (13)
Net decrease in cash and cash equivalents (1,911) (20,386)
Cash and cash equivalents, beginning of period 17,080 22,556
Cash and cash equivalents, end of period 15,169 2,170
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES    
Interest paid 934 1,032
Income taxes paid 217 2
Common stocks issued on exercise of warrants 186  
Exercise of warrants and options on cashless basis   $ 8
Conversion of notes payable to common stock $ 308