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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 1,265,000 $ 1,143,000
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 209,000 161,000
Stock-based compensation expense 1,252,000 748,000
Amortization of deferred rent related to lease incentives 0 (63,000)
Amortization of operating lease liability (87,000)
Interest expense – finance type lease 2,000
Loss from equity-method investment in SAVSU 448,000 321,000
Amortization of intangible assets 104,000
Change in operating assets and liabilities    
Accounts receivable, trade (632,000) (1,145,000)
Inventories (1,341,000) (275,000)
Prepaid expenses and other current assets (32,000) (103,000)
Accounts payable (36,000) 168,000
Accrued compensation and other current liabilities (20,000) 4,000
Deferred rent (6,000)
Other liabilities (53,000)
Net cash provided by operating activities 1,079,000 953,000
Cash flows from investing activities    
Payments related to the Astero Bio Acquisition, net of cash acquired (12,438,000)
Investment in equity investment SAVSU (1,000,000)
Purchase of property and equipment (267,000) (61,000)
Net cash used in investing activities (12,705,000) (1,061,000)
Cash flows from financing activities    
Payments on equipment loan (8,000) (5,000)
Payments on capital lease obligations (7,000) (7,000)
Proceeds from exercise of common stock options and warrants 601,000 8,899,000
Payments of preferred stock dividends (213,000)
Payments for redemption of preferred stock (1,063,000)
Net cash provided by financing activities 586,000 7,611,000
Net increase (decrease) in cash and cash equivalents (11,040,000) 7,503,000
Cash and cash equivalents - beginning of period 30,657,000 6,663,000
Cash and cash equivalents - end of period 19,617,000 14,166,000
Non-cash investing and financing activities    
Series A preferred stock dividends accrued not yet paid 93,000
Stock issued for services provided in prior period included in liabilities at year-end 36,000
Receivables converted to equity investment in SAVSU 150,000
Purchase of equipment with debt 18,000
Purchase of property and equipment not yet paid $ 4,000 $ 20,000