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
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ 5,509 $ (17,408)
Adjustments to reconcile net loss to net cash flows from operating activities    
Depreciation and amortization 15 17
Amortization of discount of convertible notes 1,302 7,288
Foreign exchange adjustments (50) 89
Net losses (gains) on equity investment in marketable securities (6,839) 6,457
Loss (gain) on equity method investment 407 (9)
Share-based compensation 209 588
Change in fair value of warrant derivative liabilities (25) 938
Net changes in operating assets and liabilities    
Accounts receivable 249 (143)
Inventories (285) (1,091)
Prepaid expenses and other current assets 260 (115)
Other non-current assets 133 (2,813)
Income tax   52
Accounts payable and accrued expenses 2,449 2,725
Deferred revenue   500
Deferred rent   (287)
Other current liabilities (5,025) 36
Other long-term liabilities 3,184 1,997
Net cash flows provided by (used in) operating activities 1,808 (1,179)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (3) (16)
Net cash flows used in investing activities (3) (16)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments of convertible notes (1,500) (3,048)
Proceeds from exercise of warrants   5
Proceeds from issuance of common stock 142 2,530
Proceeds from conversion of notes payable to common stock   21
Net cash flows used in financing activities (1,358) (492)
Effect of exchange rate changes on cash (3) 22
Net increase (decrease) in cash, cash equivalents and restricted cash 444 (1,665)
Cash, cash equivalents and restricted cash, beginning of period 1,769 3,905
Cash, cash equivalents and restricted cash, end of period 2,213 2,240
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES    
Interest paid $ 312 385
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Exercised of warrants and options on cashless basis   3,374
Conversion of notes payable to common stock   329
Initial recognition of right to use assets   2,922
Previously Reported [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss   (14,153)
Adjustments to reconcile net loss to net cash flows from operating activities    
Depreciation and amortization   17
Amortization of discount of convertible notes   5,641
Foreign exchange adjustments   (19)
Net losses (gains) on equity investment in marketable securities   6,457
Share-based compensation   536
Change in fair value of warrant derivative liabilities   48
Net changes in operating assets and liabilities    
Accounts receivable   (409)
Inventories   (1,091)
Prepaid expenses and other current assets   (83)
Other non-current assets   (2,813)
Accounts payable and accrued expenses   2,339
Deferred revenue   500
Deferred rent   (287)
Other current liabilities   36
Other long-term liabilities   1,997
Net cash flows provided by (used in) operating activities   (1,284)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment   (16)
Net cash flows used in investing activities   (16)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments of convertible notes   (3,048)
Proceeds from exercise of warrants   5
Proceeds from issuance of common stock   2,530
Proceeds from conversion of notes payable to common stock   21
Net cash flows used in financing activities   (492)
Effect of exchange rate changes on cash   22
Net increase (decrease) in cash, cash equivalents and restricted cash   (1,770)
Cash, cash equivalents and restricted cash, beginning of period   17,080
Cash, cash equivalents and restricted cash, end of period   15,310
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES    
Interest paid   385
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Exercised of warrants and options on cashless basis   3,374
Conversion of notes payable to common stock   329
Initial recognition of right to use assets   2,922
Adjustments [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss   (3,255)
Adjustments to reconcile net loss to net cash flows from operating activities    
Amortization of discount of convertible notes [1],[2]   1,647
Foreign exchange adjustments   108
Loss (gain) on equity method investment [3]   (9)
Share-based compensation [1]   52
Change in fair value of warrant derivative liabilities [2],[3]   890
Net changes in operating assets and liabilities    
Accounts receivable   266
Prepaid expenses and other current assets   (32)
Income tax   52
Accounts payable and accrued expenses   386
Net cash flows provided by (used in) operating activities   105
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in cash, cash equivalents and restricted cash   105
Cash, cash equivalents and restricted cash, beginning of period   (13,175)
Cash, cash equivalents and restricted cash, end of period   $ (13,070)
[1] Corrections of other misstatements: period adjustment of variable consideration resulted in a decrease of $600,000 in revenues, net; reclassification of shipping cost and royalty expense to cost of sales resulted in an increase of $59,000 in cost of sales and decreases of $6,000 and $53,000 in selling expense and general and administrative expense, respectively; correction of stock modification accounting resulted in a decrease of $52,000 in general and administrative expense; correction of accounting treatment for convertible notes resulted in an increase of $1.3 million in interest expense; a correction of tax provision resulted in an increase of $52,000 in tax provision
[2] Warrant adjustments: the correction of this misstatement resulted in an increase of $312,000 in interest expense and a decrease of $890,000 in change in fair value of warrant derivative liabilities. 
[3] EJ Holdings adjustments: the correction of this misstatement resulted in increases of $55,000 in general and administrative expenses, $9,000 in loss on equity method investment and $34,000 in interest income and decreases of $14,000 in net income attributable to noncontrolling interest and $1,000 in foreign currency translation adjustments.