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
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (8,422) $ 5,509
Adjustments to reconcile net loss to net cash flows (used in) provided by operating activities    
Depreciation and amortization 15 15
Inventory reserve 162  
Amortization of discount of notes payable and convertible notes payable 669 1,302
Foreign exchange adjustments 1,180 (50)
Tax benefit recognized on unrealized gain on debt securities (19)  
Net gain on investment in marketable securities   (6,839)
Loss on equity method investment 754 407
Loss on debt extinguishment 1,172  
Gain on disposal of property and equipment (1)  
Share-based compensation 181 209
Shares issued for services 500  
Change in fair value of warrant derivative liabilities 529 (25)
Change in fair value of conversion feature derivative, notes payable 2,338 29
Net changes in operating assets and liabilities    
Accounts receivable (2,176) 249
Inventories 180 (285)
Prepaid expenses and other current assets 158 260
Other non-current assets 122 133
Income tax receivable and payable 33 286
Accounts payable and accrued expenses (1,295) 2,449
Other current liabilities 42 (5,025)
Other long-term liabilities (123) 3,184
Net cash flows (used in) provided by operating activities (4,001) 1,808
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment   (3)
Loan to equity method investee (1,769)  
Net cash flows used in investing activities (1,769) (3)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable issued, net of issuance cost and discount 700  
Proceeds from convertible notes payable issued, net of issuance cost and discount 14,390  
Payments of notes payable (844)  
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 7,046 (1,358)
Effect of exchange rate changes on cash (4) (3)
Net increase (decrease) in cash and cash equivalents 1,272 444
Cash and cash equivalents, beginning of period 2,487 1,769
Cash and cash equivalents, end of period 3,759 2,213
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES    
Interest paid 319 312
Income taxes paid 5  
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Debt discount due to conversion features derivative $ 5,555  
Debt discount due to warrant issued with debt   $ 400