| Dec'18 | Dec'17 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net Loss | ||||||
-11,631 | -1,139 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Equity-based compensation | ||||||
5,368 | 205 | |||||
Non-cash interest expense | ||||||
776 | - | |||||
Amortization of intangible assets | ||||||
0 | 0 | |||||
Amortization of debt discounts | ||||||
352 | 102 | |||||
Loss on debt extinguishments | ||||||
-3,484 | - | |||||
Changes in operating assets and liabilities: | ||||||
Prepaid research and development expenses | ||||||
505 | - | |||||
Prepaid expenses and other current assets | ||||||
308 | -9 | |||||
Note receivable – related party | ||||||
- | 0 | |||||
Other assets | ||||||
- | -2 | |||||
Accounts payable | ||||||
-190 | 324 | |||||
Accrued expenses | ||||||
155 | - | |||||
Net cash used in operating activities | ||||||
-2,498 | -494 | |||||
Proceeds from note receivable - related party | ||||||
- | 35 | |||||
Net cash provided by investing activities | ||||||
- | 35 | |||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Net proceeds from sale of common stock and warrants | ||||||
6,267 | 40 | |||||
Proceeds from Senior Secured Bridge Note | ||||||
- | 250 | |||||
Proceeds from Subordinated Notes Payable | ||||||
- | 100 | |||||
Proceeds from Senior Note | ||||||
275 | - | |||||
Proceeds from Senior Secured Notes, including related party | ||||||
410 | - | |||||
Repayment of Senior Secured Bridge Note | ||||||
150 | - | |||||
Repayment of Senior Secured Notes, including related party | ||||||
510 | - | |||||
Repayment of Senior Secured Bridge Note | ||||||
100 | - | |||||
Proceeds from warrant exercise | ||||||
156 | - | |||||
Net cash provided by financing activities | ||||||
6,349 | 390 | |||||
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | ||||||
3,850 | -69 | |||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||
Interest paid | ||||||
38 | - | |||||
NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||
Issuance of warrants for financing costs classified as debt discount | ||||||
222 | - | |||||
Beneficial conversion discount on convertible notes payable | ||||||
52 | - | |||||
Exchange of Subordinated notes in the amount of $115,639 for Senior secured notes | ||||||
100 | - | |||||
Stock and warrants issued per terms of June 2018 notes and FirstFire note | ||||||
3,747 | - | |||||
Stock and warrants issued for MVA agreement | ||||||
385 | - | |||||
Stock and warrants issued for conversion of convertible notes | ||||||
545 | - | |||||
Stock issued on conversion of June 2018 note | ||||||
325 | - | |||||