| Aug'19 | Aug'18 | Aug'17 | Aug'16 | |||
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
Net Loss | ||||||
-18,727 | -16,823 | -7,491 | -1,854 | |||
Adjustments to reconcile net loss from continuing operations to net cash used in continuing operating activities: | ||||||
Depreciation and amortization | ||||||
839 | 274 | 65 | 23 | |||
Cash paid during the year for: Income taxes | ||||||
- | - | 0 | - | |||
Conversion of debt and accrued interest into common stock | ||||||
8,904 | - | - | - | |||
Additional principal to settle registration rights penalties | ||||||
889 | - | - | - | |||
Discharge of related party note receivable for common shares | ||||||
325 | - | - | - | |||
Allocated fair value of beneficial conversion feature | ||||||
1,479 | - | - | - | |||
Expense related to warrant modification | ||||||
2,271 | - | - | - | |||
Share based compensation | ||||||
369 | 200 | 43 | 0 | |||
Change in fair value derivative and warrant liability | ||||||
-2,569 | - | - | - | |||
Changes in operating assets and liabilities | ||||||
Restricted cash- workers' compensation | ||||||
- | - | 0 | - | |||
Accounts receivable | ||||||
-161 | 318 | -372 | -56 | |||
Unbilled accounts receivable | ||||||
-3,286 | -6,193 | - | - | |||
Prepaid expenses | ||||||
43 | -210 | -2,344 | -384 | |||
Other current assets | ||||||
15 | -243 | 57 | -15 | |||
Deposits - workers' compensation | ||||||
-4,364 | -1,538 | - | - | |||
Deposits and other assets | ||||||
-3 | 6 | -21 | -104 | |||
Accounts payable | ||||||
1,815 | 86 | 334 | 807 | |||
Payroll related liabilities | ||||||
6,935 | 7,088 | 1,665 | 722 | |||
Accrued workers' compensation costs | ||||||
5,129 | 1,206 | 0 | - | |||
Other current liabilities | ||||||
-106 | 1,677 | 157 | 121 | |||
Net cash used in operating activities | ||||||
-2,086 | -9,538 | -7,576 | -740 | |||
INVESTING ACTIVITIES | ||||||
Purchase of fixed assets | ||||||
-1,167 | -3,019 | - | - | |||
Issuance of related party note receivable | ||||||
-325 | - | - | - | |||
Purchase of fixed assets | ||||||
- | - | -4 | -371 | |||
Net cash provided by (used in) investing activities | ||||||
-1,492 | -3,019 | -4 | -371 | |||
FINANCING ACTIVITIES | ||||||
Proceeds from issuance of common stock | ||||||
- | - | 12,000 | 1,872 | |||
Issuance costs related to common stock issuance | ||||||
- | - | 1,112 | 0 | |||
Proceeds from issuance of common stock and warrants | ||||||
- | - | 1,577 | 0 | |||
Proceeds from issuance of convertible notes | ||||||
3,750 | 9,000 | 0 | - | |||
Issuance costs related to convertible notes | ||||||
-485 | -765 | 0 | - | |||
Repayment of convertible notes | ||||||
-436 | - | - | - | |||
Proceeds from stock subscription receivable | ||||||
- | - | - | 5 | |||
Proceeds from exercise of warrants | ||||||
660 | 75 | 145 | - | |||
Net cash provided by financing activities | ||||||
3,489 | 8,310 | 12,609 | 1,877 | |||
Net decrease in cash | ||||||
- | - | 5,028 | 764 | |||
Net decrease in cash and cash equivalents | ||||||
-89 | -4,247 | - | - | |||
Supplemental Disclosure of Cash Flows Information: | ||||||
Interest | ||||||
226 | 133 | - | - | |||
Cash paid for interest | ||||||
- | - | 0 | - | |||
Loss (Gain) associated with note defaults, net | ||||||
-811 | 3,500 | 0 | - | |||
Cash paid for interest | ||||||
509 | - | - | - | |||
Non-cash Investing and Financing Activities: | ||||||
Inducement loss on Note Conversions | ||||||
3,829 | - | - | - | |||
Excess of derivative liabilities over Notes at issuance | ||||||
2,588 | - | - | - | |||
Amortization of note discount and financing costs | ||||||
5,607 | 951 | 0 | - | |||
Stock issued for services | ||||||
263 | 163 | - | - | |||
Common shares issued for services | ||||||
- | - | 329 | - | |||
Supplemental schedule of cash activities - Asset Sale | ||||||
Debt discount due to the intrinsic value of beneficial conversion feature | ||||||
- | 924 | - | - | |||
Debt discount due to warrants included with convertible notes | ||||||
- | 859 | - | - | |||
Debt discount due to the intrinsic value of beneficial conversion feature | ||||||
- | - | 0 | - | |||
Debt discount due to warrants included with convertible notes | ||||||
- | - | 0 | - | |||