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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (3,161,000) $ (10,506,000)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 335,000 174,000
Equity-based compensation 985,000 928,000
Amortization of long-term debt issuance costs and fees 35,000 86,000
Other 356,000 36,000
Change in fair value of warrant liabilities (157,000) (256,000)
Changes in operating assets and liabilities:    
Unbilled revenue receivable and accounts receivable 11,000 3,000
Prepaid expenses and other current assets (1,551,000) (257,000)
Other noncurrent assets (1,034,000) 112,000
Accounts payable 22,000 403,000
Accrued expenses and other current liabilities (647,000) (66,000)
Deferred revenue (13,949,000) 541,000
Other noncurrent liabilities (59,000) (194,000)
Net cash used in operating activities (18,814,000) (8,996,000)
Cash flows from investing activities:    
Purchase of available for sale securities (38,072,000) 0
Proceeds from sale or maturity of available for sale securities 32,103,000 0
Capital expenditures (2,996,000) (62,000)
Net cash used in investing activities (8,965,000) (62,000)
Cash flows from financing activities:    
Proceeds from common stock offering 2,973,000 0
Proceeds from exercise of common stock options 50,000 17,000
Repayment of long-term debt 4,999,000 0
Payment of long-term debt fees and issuance costs (100,000) (52,000)
Payment of common stock financing costs (207,000) 0
Net cash used in financing activities (2,283,000) (35,000)
Net decrease in cash, cash equivalents, and restricted cash (30,062,000) (9,093,000)
Cash, cash equivalents, and restricted cash - beginning of period 48,460,000 26,268,000
Cash, cash equivalents, and restricted cash - end of period 18,398,000 17,175,000
Non-cash financing activities:    
Debt fees (accrued expenses) 0 100,000
Non-cash investing activities:    
Capital expenditures (accounts payable and accrued expenses) 60,000 14,000
Total cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows $ 18,398,000 $ 17,175,000