Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (1,209) $ (4,041)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 46 48
Stock-based compensation 397 348
Gain from change in fair value of warrant liability (3,845) (529)
Operating lease, net of sublease receipts 99 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 611 9
Accounts payable (947) 1,553
Accrued expenses and other current liabilities 506 (1,235)
Net cash used in operating activities (4,342) (3,847)
Cash flows from investing activities:    
Purchase of fixed assets (2) (15)
Net cash used in investing activities (2) (15)
Cash flows from financing activities:    
Proceeds from exercise of stock options 0 5
Proceeds from sale of common stock, net of issuance costs 5,291 5,516
Net cash provided by financing activities 5,291 5,521
Effect of exchange rate changes on cash and cash equivalents (33) (11)
Net change in cash and cash equivalents 914 1,648
Cash and cash equivalents, at beginning of period 10,735 7,134
Cash and cash equivalents, at end of period 11,649 8,782
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 1
Cash paid for taxes 6 2
Non-cash investing and financing activities:    
Purchases of property and equipment in accounts payable and accrued liabilities $ 23 $ 41