Hancock jaffe laboratories, inc. (HJLI)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18
Cash Flows from Operating Activities
Net Loss

-2,290

-1,814

-1,946

-1,573

-1,781

-1,468

-5,045

-4,747

Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount

-

-

-

-

0

-12

2,005

4,569

Gain on extinguishment of convertible notes payable

-

-

-

-

0

0

-43

1,524

Stock-based compensation

196

193

447

104

275

387

1,121

137

Depreciation and amortization

38

35

27

22

33

33

33

33

Amortization of right-of-use assets

66

68

68

68

-

-

-

-

Change in fair value of derivative liabilities

-

-

-

-

0

0

227

-35

Changes in operating assets and liabilities:
Accounts receivable

0

0

-26

-5

3

-0

-2

-4

Inventory

-

-

-

-

-

-

-

106

Prepaid expenses and other current assets

-0

-47

-2

102

-82

9

137

-57

Accounts payable

9

14

101

18

-145

-138

-60

50

Accrued expenses

-166

171

-90

28

-222

-524

670

-134

Payments on lease liabilities

66

66

66

66

-

-

-

-

Total adjustments

667

464

516

80

336

-276

3,504

3,122

Net Cash Used in Operating Activities

-1,623

-1,350

-1,429

-1,493

-1,444

-1,744

-1,541

-1,625

Cash Flows from Investing Activities
Purchase of property and equipment

12

171

177

1

-

-

-

-

Net Cash Used in Investing Activities

-12

-171

-177

-1

-

-

-

-

Cash Flows from Financing Activities
Proceeds from private placement, net

0

0

0

2,317

-

-

-

-

Initial public offering costs paid in cash

-

-

-

-

0

0

364

341

Repayments of notes payable

-

-

-

-

0

0

850

275

Repayments of notes payable - related party

-

-

-

-

0

0

-9

130

Proceeds from issuance of convertible notes, net

-

-

-

-

0

0

0

2,603

Net Cash Provided by Financing Activities

0

0

3,319

2,317

0

0

7,174

1,856

Net Increase in Cash, Cash Equivalent, and Restricted Cash

-

-

-

821

-

-

-

231

Supplemental Disclosures of Cash Flow Information:
Cash Paid During the Period For: Interest paid

0

23

-10

-12

-21

0

3

303

Non-Cash Investing and Financing Activities
Fair value of warrants issued in connection with convertible debt included in derivative liabilities

-

-

-

-

0

0

-895

1,942

Embedded conversion option in convertible debt included in derivative liabilities

-

-

-

-

0

0

7

1,232