Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,964) $ (35,004)
Adjustments to reconcile net loss to net cash flows used in operating activities    
Depreciation and amortization 30 35
Impairment loss on long-term investment   524
Inventory reserve 375  
Amortization of discount of notes payable and convertible notes payable 2,102 13,771
Foreign exchange adjustments on convertible notes and notes payable (70) (208)
Net losses (gains) on equity investment in marketable securities (1,208) 16,470
Loss on equity method investee 980 449
Loss on debt settlement 1,425  
Share-based compensation 428 1,026
Change in fair value of warrant derivative liabilities 76 84
Change in fair value of embedded conversion option (6)  
Net changes in operating assets and liabilities    
Accounts receivable 693 (364)
Inventories (267) (1,202)
Prepaid expenses and other current assets 528 149
Other non-current assets 183 (4,298)
Income tax receivable and payable (295) (113)
Accounts payable and accrued expenses (412) 4,054
Deferred revenue   500
Deferred rent   (287)
Other current liabilities (4,903) (63)
Other long-term liabilities 2,586 3,217
Net cash flows used in operating activities (1,719) (1,260)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sale of marketable securities 2,130 221
Purchases of property and equipment (13) (21)
Loans to equity method investee (561)  
Net cash flows provided by investing activities 1,556 200
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable issued, net of issuance cost and discount 998  
Payments of notes payable (200)  
Payments of convertible notes (1,500) (3,368)
Proceeds from exercise of warrants 142 186
Proceeds from issuance of common stock   3,261
Proceeds from conversion of notes payable to common stock   21
Net cash flows provided by (used in) financing activities (560) 100
Effect of exchange rate changes on cash (7) 2
Net decrease in cash, cash equivalents and restricted cash (730) (958)
Cash, cash equivalents and restricted cash, beginning of period 1,769 3,905
Cash, cash equivalents and restricted cash, end of period 1,039 2,947
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES    
Interest paid 802 549
Income taxes paid 82 216
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Warrants issued $ 1,825  
Beneficial conversion feature relating to convertible notes   8,764
Common stocks issued on exercise of warrants   186
Conversion of notes payable and accrued interest to common stock   $ 329