v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (2,565) $ (13,308)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 14 10
Stock-based compensation 0 2,156
Amortization of intangible asset 8 8
Amortization of debt discounts 0 7,321
Change in fair value of warrant liability (111) (109)
Change in fair value of derivative liability 0 814
Compensation expense for consultant warrants 4 0
Changes in operating assets and liabilities:    
Accounts receivable 57 42
Inventories (381) (41)
Prepaid expenses and other assets (50) (239)
Accounts payable 332 275
Accrued liabilities (128) 278
Accrued interest 0 1,415
Net cash used in operating activities (2,820) (1,378)
Cash flows from investing activities:    
Purchases of property and equipment 0 (19)
Net cash used in investing activities 0 (19)
Cash flows from financing activities:    
Proceeds from issuance of convertible notes payable, net of issuance costs 0 1,224
Taxes paid related to net share settlements of equity awards (65) 0
Net cash provided by (used in) financing activities (65) 1,224
Effect of exchange rate changes on cash and cash equivalents (11) (1)
Net decrease in cash and cash equivalents (2,896) (174)
Cash and cash equivalents as of beginning of year 3,218 [1] 249
Cash and cash equivalents as of end of year 322 75
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 6 2
Noncash Investing and Financing Activities:    
Issuance of warrants in connection with convertible notes payable 0 277
Beneficial conversion feature of convertible notes payable 0 255
Conversion of accrued interest to accounts payable 0 1
Conversion of interest to convertible notes payable as principal 0 4
Fair value of derivative liability in connection with issuance of notes payable 0 1,313
Reclassification of warrant liability to stockholders' equity $ 0 $ 192
[1] The condensed consolidated balance sheet as of December 31, 2018 was derived from the audited consolidated balance sheet as of that date.

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