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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net loss $ (12,946) $ (12,189)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,035 2,091
Amortization of intangible assets 944 910
Non-cash operating lease cost 377 402
Provision for bad debts 28 (23)
Loss on disposal of property and equipment 27  
Stock-based compensation expense 3,910 73
Changes in operating assets and liabilities:    
Accounts receivable, net 912 288
Prepaid and other current assets (123) (273)
Inventories (8,126) (3,092)
Accounts payable 772 4,929
Accrued liabilities (70) 699
Other 1,466 372
Net cash used in operating activities (11,794) (5,813)
Cash flows from investing activities    
Acquisition of intangibles   (1,700)
Purchase of property and equipment (261) (318)
Proceeds from sale of property and equipment 40  
Net cash used in investing activities (221) (2,018)
Cash flows from financing activities    
Contributions from PDL 2,366 2,644
Distributions to PDL (1,862) (52)
Proceeds from note payable due to related party 12,400 4,225
Payment of contingent consideration   (1,071)
Sale of common stock to PDL 16,431  
Capital contribution from PDL 20,666  
Net cash provided by financing activities 50,001 5,746
Net increase (decrease) in cash and restricted cash 37,986 (2,085)
Cash and restricted cash at beginning of the period [1] 4,715 3,444
Cash and restricted cash at end the period [2] 42,701 1,359
Supplemental cash flow information    
Cash paid for interest 478 302
Supplemental schedule of non-cash investing and financing activities    
Transfer from equipment under lease, net to inventories 2,521 439
Phantom stock liability settled with common stock 783 $ 584
Modification of phantom stock-based awards 306  
Common stock issued to extinguish Series A Preferred Stock 37,246  
Common stock issued to extinguish note payable due to related party $ 32,633  
[1] Includes restricted cash of $100 as of December 31, 2019 and 2018, respectively.
[2] Includes restricted cash of zero and $100 as of September 30, 2020 and 2019, respectively.