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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (19,711) $ (26,558) $ (7,967)
Adjustments to reconcile net loss to cash used in operating activities:      
Impairment of intangible assets 176 1,142 0
Impairment of Panacea investment 1,741    
Amortization and depreciation 1,094 1,186 1,200
Amortization of license fees 251 239 143
Amortization of ROU assets 182 212  
Realized gain on the sale of investments     (14,493)
Unrealized (gain) loss on investment 434 2,419 (284)
Realized (gain) loss on short-term investment securities (5) (221) 54
Litigation settlement   1,891  
Gain on the sale of machinery and equipment (1) (87)  
Warrant liability (gain) loss     (49)
Accretion of non cash interest expense 43 48 11
Accretion of non-cash interest income (369) (22)  
Equity-based employee compensation expense 1,654 3,540 3,187
Inventory write-off 521 985  
(Decrease) increase in inventory reserve     (95)
(Increase) decrease in assets:      
Accounts receivable (1,292) 4 86
Inventory (289) (207) 334
Prepaid expenses and other assets (787) 280 (182)
Increase (decrease) in liabilities:      
Operating lease obligations (552) (212)  
Accounts payable (936) (732) 322
Accrued expenses 2,183 792 (167)
Accrued severance (225) 792  
Deferred income 267 (78) 55
Net cash provided by (used in) operating activities (15,621) (14,588) (17,845)
Cash flows from investing activities:      
Acquisition of patents and trademarks (468) (565) (657)
Acquisition of machinery and equipment (54) (527) (449)
Proceeds from the sale of machinery and equipment 6 166  
Investment in Panacea   (12,000)  
Proceeds from sale of investments     13,052
Sales and maturities of short-term investment securities 39,728 19,320 37,415
Purchase of short-term investment securities (22,743) (1,842) (34,216)
Net cash provided by investing activities 16,469 4,552 15,145
Cash flows from financing activities:      
Payment on note payable (2,549) (700) (800)
Proceeds from note payable issuance 2,195    
Proceeds from exercise of stock options 50   445
Net proceeds from exercise of stock warrants   10,616  
Proceeds from SBA loan 1,183    
Repayment of SBA loan (1,183)    
Net cash used in financing activities (304) 9,916 (355)
Net increase (decrease) in cash and cash equivalents 544 (120) (3,055)
Cash and cash equivalents - beginning of period 485 605 3,660
Cash and cash equivalents - end of period 1,029 485 605
Net cash paid for:      
Cash paid during the period for interest 29 3  
Non-cash transactions:      
Patent and trademark additions included in accounts payable 55 155 152
Machinery and equipment additions included in accounts payable 2   19
Right-of-use assets and corresponding operating lease obligations 198 814  
Patent and trademark additions included in accrued expenses $ 28    
Licenses acquired with notes payable     2,326
Reclassification of warrant liability to capital in excess of par     $ 168
Stock issued in connection with investment   $ 1,297