Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net loss $ (1,583) $ (1,611)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 70 53
Share-based compensation 187 3
Changes in fair value of warrant liability 1 0
Changes in operating assets and liabilities:    
Accounts receivable (16) (100)
Inventory (23) (12)
Prepaid expenses and other assets 8 200
Accounts payable (88) 322
Accrued expenses and other liabilities 66 (282)
Net Cash Used in Operating Activities (1,378) (1,427)
Investing Activities    
Purchase of equipment (152) 0
Net Cash Used in Investing Activities (152)  
Financing Activities    
Issuance of common stock, net of issuance costs 1,015 170
Proceeds from notes payable 411 0
Net contributions from Former Parent 0 1,345
Net Cash Provided by Financing Activities 1,426 1,515
Net Increase in Cash (104) 88
Cash - Beginning of period 261 0
Cash - End of period 157 88
Cash paid during the year for:    
Taxes 0 $ 0
Non-cash Investing and Financing Activities    
Common shares issued for acquisition 375  
Inventory acquired from acquisition 21  
Accounts payable acquired from acquisition $ 13