| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-23,086 | -22,257 | -13,200 | ||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
223 | 152 | 65 | ||||
Amortization of debt issuance costs | ||||||
4 | - | - | ||||
Gain on change in estimated fair value of contingent royalty obligation | ||||||
-81 | 291 | 252 | ||||
Share based compensation | ||||||
3,205 | 2,475 | 2,220 | ||||
Unrealized gain on investments | ||||||
5 | - | - | ||||
Inventory write-down | ||||||
76 | 364 | 72 | ||||
Impairment of fixed assets | ||||||
35 | - | - | ||||
Non-cash operating lease expense | ||||||
220 | - | - | ||||
Warrant expense | ||||||
- | 3,156 | - | ||||
Write-down of workstations related to evaluation agreements | ||||||
- | 332 | - | ||||
Amortization of bond premium | ||||||
- | 33 | - | ||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
60 | 5 | - | ||||
Related party receivable | ||||||
-18 | - | - | ||||
Inventory | ||||||
975 | 381 | -3 | ||||
Prepaid expenses and other current assets | ||||||
-155 | -69 | 476 | ||||
Accounts payable and accrued expenses | ||||||
629 | 744 | 210 | ||||
Operating lease liabilities - current and non-current | ||||||
-216 | - | - | ||||
Other current and non-current liabilities | ||||||
-21 | 94 | 456 | ||||
Net cash used in operating activities | ||||||
-19,915 | -14,933 | -10,398 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Purchase of fixed assets | ||||||
468 | 547 | 707 | ||||
Purchase of available-for-sale securities | ||||||
9,655 | 5,043 | 44 | ||||
Proceeds from sale of available-for-sale securities | ||||||
4,500 | 2,000 | - | ||||
Purchase of held-to-maturity securities | ||||||
- | 4,863 | - | ||||
Proceeds from maturity of held-to-maturity securities | ||||||
- | 4,830 | - | ||||
Repayment of shareholder loan receivable | ||||||
- | 126 | - | ||||
Net cash provided by (used in) investing activities | ||||||
-5,623 | -3,497 | -751 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Gross proceeds from public offering | ||||||
20,000 | 31,000 | - | ||||
Proceeds from exercise of over-allotment options | ||||||
1,945 | 2,305 | - | ||||
Proceeds from issuance of debt | ||||||
8,000 | - | - | ||||
Proceeds from exercise of options | ||||||
2 | 48 | - | ||||
Proceeds from issuance of shares, net of financing costs of $851 | ||||||
- | - | 6,474 | ||||
Financing fees | ||||||
-1,931 | -3,812 | -37 | ||||
Net cash used in financing activities | ||||||
28,016 | 29,541 | 6,437 | ||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
2,478 | 11,111 | -4,712 | ||||
SUPPLEMENTAL CASH FLOW INFORMATION: | ||||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES: | ||||||
Reclassification of deferred financing costs from current assets to common stock | ||||||
- | 602 | - | ||||
Cashless exercise of options | ||||||
- | 2 | - | ||||
Financing fees included in accounts payable and accrued expenses | ||||||
234 | 207 | 565 | ||||