Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,273) $ (6,233)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6 9
Stock-based compensation 360 305
Changes in operating assets and liabilities:    
Prepaid expenses and other (39) (1,700)
Accounts payable (1,662) (270)
Lease liabilities and ROU asset, net (2)  
Accrued expenses and other current liabilities (716) (753)
Net cash used in operating activities (9,326) (8,642)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of furniture and fixtures   (7)
Net cash used by investing activities   (7)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the exercise of warrants 7,474 70
Proceeds, net of expenses of $711 and $0, from the sale of preferred stock 4,602  
Proceeds, net of expenses of $1,513 and $0, from sale of common stock and warrants 16,681 3
Net cash provided by financing activities 28,757 73
Effect of currency rate change on cash (15) (10)
Net decrease in cash, cash equivalents and restricted cash 19,416 (8,586)
Cash, cash equivalents and restricted cash beginning of the period 11,349 25,134
Cash, cash equivalents and restricted cash end of period 30,765 $ 16,548
Non-cash financing activities:    
Series B Convertible preferred stock deemed dividend 1,260  
Warrants deemed dividend $ 451