XML 22 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities:    
Net loss $ (12,838,000) $ (18,838,000)
Adjustments required to reconcile net income to net cash used in operating activities:    
Change in fair value of derivative and warrant liabilities (2,010,000) (4,538,000)
Impairment charges 5,800,000 9,547,000
Stock-based compensation 700,000 1,995,000
Deferred taxes (1,302,000) (556,000)
Charge for common stock issuance 519,000  
Costs related to equity offerings   569,000
Warrants and other non-cash adjustments, net 22,000 193,000
Depreciation expenses 343,000 338,000
Amortization of patents 31,000 31,000
Changes in operating assets and liabilities net of acquisitions:    
Accounts payable and accrued liabilities (838,000) 406,000
Prepaid expenses, accounts receivable and other current assets 381,000 247,000
Net cash used in operating activities (9,192,000) (10,606,000)
Investing activities:    
Purchases of property and equipment (58,000) (279,000)
Net cash used in investing activities (58,000) (279,000)
Financing activities:    
Costs of Series B redeemable convertible preferred stock conversion to common stock   (173,000)
Dividend payments   (80,000)
Proceeds from sale of common stock and related warrants, net of offering costs 9,353,000 7,566,000
Proceeds from exercises of warrants 130,000  
Proceeds from stock issuance under employee stock purchase plan 3,000 13,000
Principal payments on note payable (815,000) (100,000)
Net cash provided by financing activities 8,671,000 7,226,000
Net (decrease) increase in cash and cash equivalents (579,000) (3,659,000)
Cash and cash equivalents, beginning of period 5,711,000 9,370,000
Cash and cash equivalents, end of period 5,132,000 5,711,000
Supplemental schedule of non-cash financing activities:    
Accretion of Series B redeemable convertible preferred stock   1,858,000
Fair value of warrant liability upon issuance   4,745,000
Offering costs included in accounts payable   $ 69,000
Property and equipment included in accounts payable $ 39,000