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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 10,581,000 $ 2,373,000
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 373,000 245,000
Loss on disposal of property and equipment 13,000
Stock-based compensation expense 1,907,000 1,131,000
Amortization of deferred rent related to lease incentives 0 (95,000)
Amortization of operating lease liability (132,000)
Interest expense – finance type lease 2,000
Loss from equity method investment in SAVSU 739,000 363,000
Gain on acquisition of SAVSU (10,108,000)
Amortization of intangible assets 465,000
Change in operating assets and liabilities    
Accounts receivable, trade (372,000) (1,678,000)
Inventories (1,730,000) (1,064,000)
Prepaid expenses and other current assets (272,000) (49,000)
Other assets, net (87,000)
Accounts payable 377,000 343,000
Accrued compensation and other current liabilities 558,000 205,000
Other liabilities (98,000) (11,000)
Net cash provided by operating activities 2,216,000 1,763,000
Cash flows from investing activities    
Investment in iVexSol (1,000,000)
Investment in SAVSU (6,000,000)
Purchase of property and equipment (356,000) (339,000)
Purchase of Assets Held for Rent (453,000)
Net cash used in investing activities (12,997,000) (6,339,000)
Cash flows from financing activities    
Proceeds from private equity transaction 20,000,000
Payment of costs related to Stock Issuances (44,000) (43,000)
Payments on equipment loan (12,000) (8,000)
Payments on finance lease obligations (9,000) (10,000)
Proceeds from exercise of common stock options and warrants 1,394,000 11,724,000
Payments of preferred stock dividends (306,000)
Payments for redemption of preferred stock (1,063,000)
Net cash provided by financing activities 1,329,000 30,294,000
Net increase (decrease) in cash and cash equivalents (9,452,000) 25,718,000
Cash and cash equivalents - beginning of period 30,657,000 6,663,000
Cash and cash equivalents - end of period 21,205,000 32,381,000
Non-cash investing and financing activities    
Series A preferred stock dividends accrued not yet paid 80,000
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 146,000 49,000
Financing costs not yet paid 53,000
Stock Issued as consideration to acquire SAVSU 19,932,000
SAVSU [Member]    
Adjustments to reconcile net income to net cash provided by operating activities    
Gain on acquisition of SAVSU (10,100,000)  
Cash flows from investing activities    
Cash acquired on acquisition of SAVSU 1,251,000
Astero [Member]    
Cash flows from investing activities    
Payments related to the Astero Bio Acquisition, net of cash acquired $ (12,439,000)