v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (2,680,000) $ (2,565,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 14,000 14,000
Stock-based compensation 75,000 0
Amortization of intangible asset 9,000 8,000
Amortization of debt discounts 37,000 0
Loss on disposal of property and equipment 0 0
Change in fair value of warrant liability (19,000) (111,000)
Change in fair value of derivative liability (19,000) (111,000)
Expense for issuance of warrants and common stock for services 0 4,000
Changes in operating assets and liabilities:    
Accounts receivable 57,000 57,000
Inventories 16,000 (381,000)
Prepaid expenses and other assets (37,000) (50,000)
Accounts payable 512,000 332,000
Accrued liabilities 196,000 (128,000)
Accrued interest 0 0
Net cash used in operating activities (1,820,000) (2,820,000)
Cash flows from investing activities:    
Purchases of property and equipment (2,000) 0
Net cash used in investing activities (2,000) 0
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 725,000 0
Proceeds from the issuance of convertible preferred stock and common stock warrant, net of issuance costs 1,665,000 0
Repayment of convertible notes payable (111,000) 0
Taxes paid related to net share settlements of equity awards 0 (65,000)
Net cash provided by financing activities 2,279,000 (65,000)
Effect of exchange rate changes on cash and cash equivalents 0 (11,000)
Net decrease in cash and cash equivalents 457,000 (2,896,000)
Cash and cash equivalents as of beginning of year 298,000 3,218,000
Cash and cash equivalents as of end of year 755,000 322,000
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 0 6,000
Noncash Investing and Financing Activities:    
Issuance of warrants in connection with convertible notes payable 630,000 0
Issuance of Common Stock in Connection with Convertible Notes Payable 4,000 0
Issuance of Warrants in Connection with Common Stock Offering 114,000 0
Expenses related to issuance of convertible notes in accounts payable 269,000 0
Convertible preferred stock dividend $ 20,000 $ 0

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