Novabay pharmaceuticals, inc. (NBY)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating activities:
Net loss

-9,658

-6,545

-7,403

-13,151

-18,973

-15,194

-

-

Adjustments to reconcile net loss to net cash used in operating activities:
Net loss

-

-

-

-

-

-

-16,042

-7,027

Depreciation and amortization

65

266

95

114

164

232

314

341

Impairment of property and equipment

32

-

-

-

-

-

-

-

Net realized loss on sales of short-term investments

-

-

-

-

-

-40

-21

-91

Loss on disposal of property and equipment

-3

-1

-

219

1

54

-

-180

Impairment of operating lease right-of-use assets

125

-

-

-

-

-

-

-

Stock-based compensation expense for options and stock issued

-

-

-

-

-

-

921

1,297

Issuance of RSUs to employees

-

-

-

-

0

-

-

-

Issuance of RSUs to non-employees

-

-

-

-

0

-

-

-

Warrant modification

-

-

-

270

0

-

-

-

Stock option modification expense

105

77

504

-

0

-

-

-

Stock-based compensation expense for options and stock issued to consultants and advisory board members

-

-

-

-

-

-

-97

-243

Issuance of RSUs to employees

-

-

-

-

-

0

-

-

Issuance of RSUs to non-employees

-

-

-

-

-

0

-

-

Note receivable impairment

-

-

-

91

0

0

-

-

Non-cash loss on change in fair value of warrant liability

-

-

-

-

-

1,664

-

-

Leasehold improvements impairment

-

-

-

70

0

0

-

-

Non-cash (gain) loss on changes in fair value of warrant liability

-749

-1,311

101

2,099

-2,149

0

555

-1,439

Non-cash gain on changes in fair value of embedded derivative liability

424

-

-

-

-

-

-

-

Interest expense related to amortization of debt issuance and debt discount

670

-

-

-

-

-

-

-

Interest expense related to amortization of debt issuance related to related party notes payable

18

-

-

-

-

-

-

-

Issuance of warrants for services

59

-

-

-

-

-

166

38

Accounts receivable

-2,319

-774

1,509

1,585

299

-555

-159

940

Inventory

212

-198

-369

-472

751

451

208

23

Prepaid expenses and other current assets

888

-97

-313

1,470

-402

-102

345

-54

Operating lease right-of-use assets

-861

-

-

-

-

-

-

-

Other assets

-9

-62

-

-

-

-

-

-

Other assets long-term

-

-

73

-

0

0

-

-

Accounts payable and accrued liabilities

-1,800

516

-260

-2,356

1,643

-252

1,414

665

Operating lease liabilities

-1,066

-

-

-

-

-

-

-

Deferred rent

-

-69

27

327

17

36

-21

-

Deferred revenue

-41

-34

-472

1,641

-

-

-

-

Related party notes payable

204

-

-

-

-

-

-

-

Deferred taxes

-

-

-

87

-

-

-

-

(Decrease) Increase in Deferred revenue

-

-

-

-

6

553

-

-8

Increase Deferred taxes

-

-

-

-

0

0

-

-

Long-term obligations

42

-

-

198

0

0

-

-

Net cash used in operating activities

-

-

-

-

-

-15,055

-

-

Increase (decrease) in deferred revenue

-

-69

27

327

17

-

-21

-

Net cash used in operating activities

-7,929

-5,568

-6,270

-11,661

-18,559

-

-12,969

-6,528

Investing activities:
Purchases of property and equipment

19

44

244

160

123

68

141

148

Proceeds from disposal of property and equipment

-

-

-

-

37

128

-

6

Purchases of short-term investments

-

-

-

-

-

4,012

4,330

4,872

Proceeds from maturities and sales of short-term investments

-

-

-

-

-

6,550

5,878

6,377

Net cash used in investing activities

-

-

-

-

-

2,598

-

-

Net cash used in investing activities

-19

-44

-244

-160

-86

-

1,407

1,363

Financing activities:
Proceeds from preferred stock issuances, net

2,598

-

-

-

-

-

-

-

Proceeds from common stock issuances, net

6,698

5,585

-

13,648

11,519

227

6,075

2,800

Proceeds from issuance of related party notes payable

1,000

-

-

-

-

-

-

-

Proceeds from exercise of options, net

189

11

185

0

0

0

-

87

Proceeds from stock options & RSUs sold to cover taxes

4

1

26

-

0

-

-

-

Proceeds from exercise of warrants

67

-

38

7,429

1,250

-

-

-

Settlement of restricted stock for tax withholding

-

-

48

-

0

-

-

-

Proceeds from convertible notes, net of discount

2,000

-

-

-

-

-

-

-

Payment on the convertible note

652

-

-

-

-

-

-

-

Debt issuance cost

202

-

-

-

-

-

-

-

Proceeds from borrowings

-

-

-

1,365

1,655

0

-

-

Repayment of borrowings

-

-

-

3,020

0

0

-

-

Exercise of warrants, net

-

-

-

-

-

34

2,900

-

Proceeds from shelf offering, net

-

-

-

-

1,177

7,125

352

6,656

Net cash (used) provided in financing activities

-

-

-

-

-

7,386

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-5,071

-

-

Principal payments on short-term borrowing

-

-

-

-

-

-

-

71

Net cash (used in) provided by financing activities

11,702

5,597

201

19,422

15,601

-

9,327

9,472

Net decrease in cash, cash equivalents, and restricted cash

3,754

-15

-6,313

7,601

-

-

-

-

Supplemental disclosure of cash flow information:
Interest paid

148

-

-

51

-

-

-

-

Income taxes paid

14

14

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-3,044

-

-2,235

4,307

Cumulative effect of adoption of New ASU

-

2,638

-

-

-

-

-

-

Addition of operating lease, right-of-use asset

2,473

-

-

-

-

-

-

-

Stock issued to consultants for services, included in accounts payable and accrued liabilities

-

-

1

8

63

7

49

-

Fixed asset purchases, included in accounts payable and accrued liabilities

10

-49

-49

60

0

-

-

-

Options exercised

-

-

-

-

4

-

-

-

Equity transferred to warrant liability

-

-

58

2,103

-2,175

-

-

-

Warrant liability transferred to (from) equity

-

-

-

-

-

0

-

-

Exchange of equipment for services

-

-

-

279

0

0

-

-

Fixed asset purchases, included in accounts payable and accrued liabilities

-

-

-

-

-

0

-

-

Interest paid

-

-

-

-

0

0

-

-

Severance paid in RSU to non-employee

-

-

-

-

-

-

-

230

Proceeds from stock options and restricted stock for taxes, in accounts payable and accrued liabilities

-

-

-

-

0

-

-

-

Warrant liability transferred to equity

553

-

-

-

-

-

-

-

Fair value of warrants issued in connection with financings

5,269

-

-

-

-

-

-

-

Reclassification of EmeryStation lease security deposit from long term to short term

65

-

-

-

-

-

-

-

Reclassification of EmeryStation sublease security deposit from long term to short term

198

-

-

-

-

-

-

-

Equity transferred to warrant liability

-

-

58

2,103

-2,175

-

-

-

Nonemployees [Member]
Issuance of RSUs

20

-

-

-

-

-

-

-

Employee [Member]
Issuance of RSUs

10

-

-

-

-

-

-

-

Former Employee [Member]
Issuance of RSUs

220

-

-

-

-

-

-

-

Accounting Standards Update 2014-09 [Member]
Cumulative effect of adoption of New ASU

-

2,638

-

-

-

-

-

-

Accounting Standards Update 2017-11 [Member]
Cumulative effect of adoption of New ASU

56

-

-

-

-

-

-

-

Severance Paid in Restricted Stock Units to Non-employees [Member]
Severance paid in RSU to non-employee

-

-

69

140

-

-

-

-

Conversion of Series A Preferred Stock to Common Stock [Member]
Conversion of preferred stock to common stock

584

-

-

-

-

-

-

-