Organovo holdings, inc. (ONVO)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Dec'10Sep'10
Net loss

-

-

-

-

-

-

-

-

-

-

-

-10,657

-9,581

-9,442

-8,767

-8,372

-10,455

-11,257

-8,491

-7,798

-6,993

-8,858

-6,433

-

-

-

-

-16,120

-

-

-

-37,081

-

-

-

-

Cash Flows From Operating Activities
Net loss

-3,370

-6,294

-6,323

-6,983

-6,399

-5,837

-7,416

-7,449

-7,791

-9,461

-10,102

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,209

-10,386

-3,771

-

-

-

-

-

-43

-23

-29

-25

Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-0

319

-

-

-

-

Amortization of warrants issued for services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-10

-95

1

87

328

141

-

-

-

-

261

-

-

-

0

-

-

-

-

(Gain) loss on disposal of fixed assets

26

84

1

0

-65

0

2

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

757

174

205

156

254

282

288

305

315

321

326

325

322

251

251

255

236

189

135

138

126

112

96

99

98

97

93

80

78

78

21

17

-

-

-

-

Stock-based compensation

1,252

1,236

1,220

1,282

1,358

1,274

1,279

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-80

0

0

-4

0

-

-

-

0

-

-

-

-

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

896

-

-

-

-

Interest accrued on convertible notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

23

0

-23

12

-

-

-

-

Fair value of warrant liabilities in excess of proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

19,019

-

-

-

-

Change in fair value of warrant liabilities

-

-

-

-

-

-

-

-

-

-

-

-8

-1

0

5

-10

-1

-10

38

-172

40

-94

30

-277

586

4,788

23

12,034

-

-

-

13,506

-

-

-

-

Loss on inducement to exercise warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

Expense associated with warrant modification

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

12

65

-

-

-

0

-

-

-

-

Stock-based compensation

-

-

-

-

-

-

-

-

-

2,298

2,052

1,852

2,018

2,093

1,429

1,507

3,097

2,172

1,780

1,805

1,581

2,097

1,537

1,760

752

1,286

802

848

150

1,241

38

4

-

-

-

-

Amortization of warrants issued for services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110

0

72

-

-

-

-

-

-

-

-

-

In-kind contribution of services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

1

-3

1

Warrants issued in connection with exchange agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Increase (decrease) in cash resulting from changes in:
Accounts receivable

-465

81

35

-44

72

-153

-255

-291

141

261

125

-383

424

503

-156

94

-15

48

132

0

-30

-30

60

-

-

-

-

-

-

-

-

-

-

-

-

-

Grants receivable

0

-99

44

-69

-329

353

-45

-115

111

149

0

-

-

-

-

-

-

-

-

-

-

-

-

-7

7

0

-101

-61

-

-

-

0

-

-

-

-

Inventory

-351

59

16

-559

13

-8

202

237

109

35

-89

222

-117

-67

178

263

3

-1

3

-3

-1

-1

8

-19

8

-11

-3

0

131

92

190

45

-

-

-

-

Prepaid expenses and other assets

-239

-55

-360

519

-271

-130

-236

248

-43

-728

518

554

-320

-121

41

470

-216

-81

-256

707

-205

4

-117

367

-24

-23

72

61

47

-71

59

65

-

-

-

-

Accounts payable

670

-401

-75

-19

198

53

-68

12

-25

-81

-613

449

-32

273

-306

321

-101

-463

-357

892

-35

-309

513

15

-166

103

-267

216

363

-198

-181

-217

-

-

-

-

Accrued expenses

-396

525

-1,142

393

130

31

-1,346

533

-13

710

-1,990

1,165

105

1,116

-735

-44

73

775

-611

229

469

277

460

-467

-54

470

363

-283

-8

423

-3

-28

-

-

-

-

Deferred revenue

0

-532

7

-55

-39

-26

-42

-417

179

-181

262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

0

0

0

-4

-34

-39

-49

160

-41

-38

-34

-35

-35

-32

-36

-35

-33

-13

-8

16

31

111

112

-

-

-

-

82

-

-

-

-9

-

-

-

-

Operating lease right-of-use assets and liabilities, net

0

7

91

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of licensing fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Impairment of licensing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

(Increase)/Decrease in prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Increase in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

18

1

2

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

20

141

-312

-319

-334

35

-43

1,193

-26

144

-6

130

-3

-61

45

-26

62

-75

-148

-45

116

0

3

0

0

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-7,226

-7,050

-6,368

-8,541

-7,532

-6,915

-8,626

-6,295

-5,610

-4,314

-6,312

-3,365

-5,400

-3,905

-3,593

-2,663

-2,755

-

-

-

-3,556

-

-

-

-

Net cash used in operating activities

-583

-5,155

-5,935

-5,077

-3,952

-4,324

-7,022

-5,611

-6,444

-6,149

-10,653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9

-0

-26

-22

Cash Flows From Investing Activities
Deposits released from restriction (restricted cash deposits)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-41

0

50

0

-

-

-

-38

-

-

-

-

Purchases of fixed assets

-

-

-

-

-

-

-

136

34

45

11

293

609

440

12

403

161

415

1,135

650

291

338

238

121

-20

13

163

137

101

175

74

6

-

-

-

-

Proceeds from disposals of fixed assets

701

26

1

0

1

0

2

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of intangible assets

-

-

-

-

-

-

-

0

0

0

70

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

19

-

-

-

0

0

0

0

30

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-282

-657

-440

-12

-403

-161

-436

-1,135

-650

-291

-338

-238

-121

-21

-13

-113

-156

-

-

-

-44

-

-

-

-

Net cash provided by (used in) investing activities

701

26

1

-42

-25

-11

2

-132

-34

-45

-81

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-30

Cash Flows From Financing Activities
Principal payments on capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2

3

3

3

2

2

3

2

2

3

2

-

-

-

0

-

-

-

-

Repayment of convertible notes and interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-0

0

0

110

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

264

25,983

5,000

0

0

239

-75

43,288

6,375

243

16,142

333

3,870

387

44,114

-3

3,722

-

-

-

13,613

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Proceeds from issuance of common stock and exercise of warrants, net

0

0

4,996

-

1,787

2,119

3,010

-

3,108

1,171

2,964

264

25,901

4,500

0

0

0

-77

43,214

6,240

221

16,067

224

-

-

-

-

3,724

9,222

1,668

99

13,723

-

-

-

-

Employee taxes paid related to net share settlement of equity awards

1

8

52

87

-9

42

103

20

23

44

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

239

4

77

138

25

77

111

-

-

-

-

0

-

-

-

0

-

-

-

-

Net cash provided by financing activities

-1

-8

4,944

6,324

1,846

2,077

2,907

2,118

3,086

1,952

2,957

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

0

0

0

Net decrease in cash, cash equivalents, and restricted cash

117

-5,137

-990

1,205

-2,131

-2,258

-4,113

-3,612

-3,394

-4,242

-7,777

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Net Increase in Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

-

-7,245

18,273

-1,815

-8,553

-7,935

-6,837

-9,137

35,858

115

-4,362

9,492

-3,270

-1,651

-3,539

40,508

-2,779

811

7,140

-793

-1,883

10,013

-0

-0

-26

-52

Supplemental Disclosure of Cash Flow Information:
Income taxes paid

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

-

0

0

0

-

-

-

-

0

-0

0

0

10

0

0

0

0

Income taxes paid

0

2

0

0

0

0

3

-

-

-

-

0

1

0

22

0

0

0

3

4

0

0

0

-

-

-

-

0

0

0

-0

1

0

0

0

0