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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (32,609) $ (19,711) $ (26,558)
Adjustments to reconcile net loss to cash used in operating activities:      
Impairment of intangible assets 78 176 1,142
Impairment of Panacea investment   1,741  
Amortization and depreciation 999 1,094 1,186
Amortization of license fees 249 251 239
Amortization of ROU assets 288 182 212
Unrealized (gain) loss on investment 6,994 434 2,419
Realized (gain) loss on short-term investment securities   (5) (221)
Litigation settlement     1,891
Gain on the sale of machinery and equipment   (1) (87)
Gain on Panacea investment conversion (2,548)    
Accretion of non-cash interest expense (income) 143 (326) 26
Equity-based employee compensation expense 3,983 1,654 3,540
Inventory write-off 317 521 985
(Increase) decrease in assets:      
Accounts receivable 1,574 (1,292) 4
Inventory (1,164) (289) (207)
Prepaid expenses and other assets (547) (787) 280
Increase (decrease) in liabilities:      
Operating lease obligations (272) (552) (212)
Accounts payable 11 (936) (732)
Accrued expenses 533 499 243
Accrued payroll 47 1,121 498
Accrued excise taxes and fees (421) 563 51
Accrued severance (341) (225) 792
Deferred income (153) 267 (78)
Net cash provided by (used in) operating activities (22,839) (15,621) (14,588)
Cash flows from investing activities:      
Acquisition of patents, trademarks, and licenses (326) (468) (565)
Acquisition of property, plant and equipment (745) (54) (527)
Proceeds from the sale of machinery and equipment   6 166
Investment in Panacea     (12,000)
Sales and maturities of short-term investment securities 63,749 39,728 19,320
Purchase of short-term investment securities (90,407) (22,743) (1,842)
Net cash provided by (used in) investing activities (27,729) 16,469 4,552
Cash flows from financing activities:      
Payment on note payable (2,604) (2,549) (700)
Proceeds from note payable issuance 2,653 2,195  
Net proceeds from option exercises 1,307 50  
Net proceeds from warrant exercises 11,782   10,616
Net proceeds from issuance of common stock 38,206    
Taxes paid related to net share settlement of RSUs (469)    
Proceeds from SBA loan   1,183  
Repayment of SBA loan   (1,183)  
Net cash provided by (used in) financing activities 50,875 (304) 9,916
Net increase (decrease) in cash and cash equivalents 307 544 (120)
Cash and cash equivalents - beginning of period 1,029 485 605
Cash and cash equivalents - end of period 1,336 1,029 485
Net cash paid for:      
Cash paid during the period for interest 37 29 3
Non-cash transactions:      
Patent and trademark additions included in accounts payable 51 55 155
Property, plant and equipment additions included in accounts payable 998 2  
Right-of-use assets and corresponding operating lease obligations 1,816 198 814
Patent and trademark additions included in accrued expenses 25 $ 28  
Stock issued in connection with investment     $ 1,297
Panacea investment conversion $ 12,485