XML 22 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities    
Net loss $ (3,325) $ (809)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 29 28
Amortization of license and supply agreement 134 190
Non-cash stock-based compensation, including stock options and restricted stock 985 772
Loss on extinguishment of debt 199
Inventory reserve 70
Provision for bad debt expense 40
Amortization of debt discount 34 116
Loss on disposal of equipment 10
Loss on capital lease termination 11
Loss on foreign currency transactions 3 19
(Increase) decrease in operating assets:    
Accounts receivable (484) (416)
Inventory (1,082) (195)
Prepaid expenses and other current assets (191) 30
Other asset (10)
Increase (decrease) in operating liabilities:    
Accounts payable (130) 268
Accrued expenses 35
Deferred revenue (70)
Net cash used in operating activities (3,662) (77)
Investing activities    
Biocon Acquisition, net of cash acquired (991)
Net cash used in investing activities (991)
Financing activities    
Proceeds from issuance of common stock, net of equity issuance costs of $19 and $152, respectively 3,778 1,179
Net proceeds from secured revolving credit facility 280 711
Proceeds from sale of subsidiary preferred shares to noncontrolling interest 3,000
Payments on secured note payable (149)
Proceeds from issuance of secured note 1,187
Repayment of unsecured long term note payable (1,187)
Proceeds from exercise of warrants 138 100
Net cash provided by financing activities 7,047 1,990
Effect of exchange rates on cash (7) 6
Net increase in cash 2,387 1,919
Cash, beginning of year 2,194 275
Cash, end of year 4,581 2,194
Supplemental disclosure of cash flow information    
Cash paid for interest expense 150 148
Cash paid for income taxes 4 7
Supplemental disclosure of noncash investing and financing activities    
Fair value of contingent consideration related to the Biocon Acquisition 499
Reclassification of capital lease to equipment 39
Purchase of equipment in accrued expenses 10
Restricted stock issued to settle liability $ 30