v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows Used in Operating Activities    
Net loss $ (12,539) $ (6,168)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 293 210
Amortization of intangible assets 650 1,016
Amortization of right of use asset 181 157
Stock based compensation 5,096 399
Loss on exchange of debt for equity 30 86
Amortization of debt discount 224 868
Accrued interest income, related party 0 (16)
Related party note, gain on foreign currency transaction (363) 0
Provision for the valuation allowance - held for sale loan 117 0
Income tax expense (benefit) 9 (87)
Other expenses 0 29
Changes in operating assets and liabilities:    
Accounts receivable and other receivables 426 (416)
Inventory (279) 29
Prepaid expenses and other current assets 135 65
Other assets (227) (16)
Accounts payable 480 (568)
Accrued liabilities 421 (113)
Deferred revenue (235) 31
Operating lease obligation (176) (156)
Other liabilities 96 115
Total Adjustments 6,878 1,633
Net Cash Used in Operating Activities (5,661) (4,535)
Cash Flows Used in Investing Activities    
Purchase of property and equipment (109) (16)
Capitalized software (253) (193)
Investment in short term investment (42,059) 0
Purchase of Systat Licensing Agreement (900) 0
Net Cash Flows Used in Investing Activities (43,321) (209)
Cash Flows From Financing Activities    
Net repayments to bank facility 0 (150)
Net proceeds from issuance of common stock and warrants 77,853 1,252
Loans to related party (117) (184)
Repayments from related party 0 185
Repayment of acquisition liability to Locality shareholders (467) 0
Net Cash Provided By Financing Activities 77,269 6,104
Effect of Foreign Exchange Rate on Changes on Cash (10) (27)
Net Increase in Cash, Cash Equivalents and Restricted Cash 28,277 1,333
Cash, Cash Equivalents and Restricted Cash - Beginning of period 17,996 4,849
Cash, Cash Equivalents and Restricted Cash - End of period (Note 3) 46,273 6,182
Cash paid for:    
Interest 0 2
Income Taxes 0 0
Non-cash investing and financing activities    
Common shares issued for extinguishment of debt 1,500 4,194
Right of use asset obtained in exchange for lease liability 0 6
Promissory Note    
Cash Flows From Financing Activities    
Net proceeds from notes payable 0 5,000
Notes Payable    
Cash Flows From Financing Activities    
Net proceeds from notes payable $ 0 $ 1

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