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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income (loss) $ 5,928,000 $ (14,909,000)
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 973,000 209,000
Amortization of intangible assets 1,394,000 104,000
Non cash lease expense 300,000 241,000
Stock-based compensation 2,258,000 1,349,000
Loss from equity method investment in SAVSU 0 448,000
Change in fair value of contingent consideration (1,526,000) 0
Change in fair value of warrant liability (5,472,000) 16,077,000
Other 0 2,000
Change in operating assets and liabilities    
Accounts receivable, trade, net 924,000 (632,000)
Inventories 82,000 (1,341,000)
Prepaid expenses and other current assets 256,000 (32,000)
Accounts payable 63,000 (36,000)
Accrued compensation and other current liabilities 177,000 (348,000)
Other (467,000) (53,000)
Net cash provided by operating activities 4,890,000 1,079,000
Cash flows from investing activities    
Payments related to the Astero Bio Acquisition, net of cash acquired 0 (12,439,000)
Purchase of property and equipment (251,000) (266,000)
Purchase of assets held for rent, net (1,432,000) 0
Net cash used in investing activities (1,683,000) (12,705,000)
Cash flows from financing activities    
Proceeds from PPP Loan 2,175,000 0
Payoff of PPP Loan (2,175,000) 0
Payments of contingent consideration (483,000) 0
Proceeds from sale of common stock, net of fees 19,914,000 0
Proceeds from exercise of common stock options 783,000 462,000
Proceeds from exercise of warrants 24,000 138,000
Other (14,000) (14,000)
Net cash provided by financing activities 20,224,000 586,000
Net increase (decrease) in cash and cash equivalents 23,431,000 (11,040,000)
Cash and cash equivalents - beginning of period 6,448,000 30,657,000
Cash and cash equivalents - end of period 29,879,000 19,617,000
Non-cash investing and financing activities    
Cashless exercise of warrants reclassed from warrant liability to common stock 33,111,000 0
Reclassification of warrant liability to equity upon exercise 57,000 400,000
Purchase of property & equipment not yet paid 29,000 4,000
Purchase of equipment with debt 133,000 0
Deferred financing costs not yet paid 55,000 0
Stock issued as bonus consideration $ 314,000 $ 0