Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION (Details 3)

v3.21.2
BASIS OF PRESENTATION (Details 3) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES            
Net loss $ (9,473) $ 5,509 $ (17,596) $ (17,408) $ (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
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 investments 573   458   980 449
Share-based compensation         428 1,026
Change in fair value of warrant derivative liabilities 101   (854)   76 84
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)
Accounts payable and accrued expenses         (412) 4,054
Income tax receivable and payable         (295) (113)
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            
Purchases of property and equipment         (13) (21)
Sale of marketable securities         2,130 221
Net cash flows provided by investing activities         1,556 200
CASH FLOWS FROM FINANCING ACTIVITIES            
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 1,769 3,905
Cash, cash equivalents and restricted cash, end of period $ 1,039   2,947   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            
Beneficial conversion feature relating to convertible notes           8,764
Common stocks issued on exercise of warrants           186
Conversion of notes payable and acrued interest to common stock           329
Initial recognition of right-of-use lease asset           2,922
Previously Reported [Member]            
CASH FLOWS FROM OPERATING ACTIVITIES            
Net loss     (19,327)     (33,480)
Adjustments to reconcile net loss to net cash flows used in operating activities            
Depreciation and amortization           35
Impairment loss on long-term investment           524
Amortization of discount of notes payable and convertible notes payable           12,770
Foreign exchange adjustments on convertible notes and notes payable           49
Net losses (gains) on equity investment in marketable securities           16,470
Share-based compensation           974
Change in fair value of warrant derivative liabilities     (247)     (199)
Net changes in operating assets and liabilities            
Accounts receivable           (630)
Inventories           (1,202)
Prepaid expenses and other current assets           69
Other non-current assets           (4,298)
Accounts payable and accrued expenses           3,226
Deferred revenue           500
Deferred rent           (287)
Other current liabilities           79
Other long-term liabilities           3,217
Net cash flows used in operating activities           (2,183)
CASH FLOWS FROM INVESTING ACTIVITIES            
Purchases of property and equipment           (21)
Sale of marketable securities           221
Net cash flows provided by investing activities           200
CASH FLOWS FROM FINANCING ACTIVITIES            
Payments of convertible notes           (3,368)
Proceeds from exercise of warrants           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           100
Effect of exchange rate changes on cash           (28)
Net decrease in cash, cash equivalents and restricted cash           (1,911)
Cash, cash equivalents and restricted cash, beginning of period       17,080   17,080
Cash, cash equivalents and restricted cash, end of period     15,169     15,169
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES            
Interest paid           934
Income taxes paid           217
NON-CASH INVESTING AND FINANCING ACTIVITIES            
Beneficial conversion feature relating to convertible notes           8,764
Common stocks issued on exercise of warrants           186
Conversion of notes payable and acrued interest to common stock           308
Initial recognition of right-of-use lease asset           2,922
Adjustments [Member]            
CASH FLOWS FROM OPERATING ACTIVITIES            
Net loss     1,731     (1,524)
Adjustments to reconcile net loss to net cash flows used in operating activities            
Amortization of discount of notes payable and convertible notes payable           1,001
Foreign exchange adjustments on convertible notes and notes payable           (257)
Loss on equity method investments [1]     458     449
Share-based compensation           52
Change in fair value of warrant derivative liabilities [2]     (607)     283
Net changes in operating assets and liabilities            
Accounts receivable           266
Prepaid expenses and other current assets           80
Accounts payable and accrued expenses           828
Income tax receivable and payable           (113)
Other current liabilities           (142)
Net cash flows used in operating activities           923
CASH FLOWS FROM FINANCING ACTIVITIES            
Effect of exchange rate changes on cash           30
Net decrease in cash, cash equivalents and restricted cash           953
Cash, cash equivalents and restricted cash, beginning of period       $ (13,175)   (13,175)
Cash, cash equivalents and restricted cash, end of period     $ (12,222)     (12,222)
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES            
Interest paid           (385)
Income taxes paid           $ (1)
[1] EJ Holdings adjustments: the correction of this misstatement resulted in increases of $33,000 in interest income and $15,000 in foreign currency translation adjustments and decreases of $1.1million in general and administrative expenses, $458,000 in loss on equity method investment, and $688,000 in net loss attributable to noncontrolling interest for three months ended June 30, 2019.  The correction of this misstatement resulted in increases of $67,000 in interest income and $14,000 in foreign currency translation adjustments and decreases of $1.1million in general and administrative expense, $449,000 in loss on equity method investment, and $674,000 in net loss attributable to noncontrolling interest for six months ended June 30, 2019.
[2] Warrant adjustments: the correction of this misstatement resulted in increases of $647,000 in interest expense and $607,000 in change in fair value of warrant derivative liabilities for the three months ended June 2019. The correction of this misstatement resulted in an increase of $335,000 in interest expense and a decrease of $283,000 in change in fair value of warrant derivative liabilities for six months ended June 30, 2019.