Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities    
Net loss $ (2,264) $ (1,923)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 50 67
Share-based compensation 232 4
Changes in fair value of warrant liability 2 (1)
Amortization of deferred financing costs 2 0
Changes in operating assets and liabilities:    
Accounts receivable, net 29 (68)
Inventory (99) (12)
Prepaid expenses and other assets 10 189
Accounts payable 137 203
Accrued expenses and other liabilities 62 (273)
Deferred revenue 38 0
Net Cash Used in Operating Activities (1,801) (1,814)
Investing Activities    
Purchase of equipment (312) 0
Net Cash Used in Investing Activities (312) 0
Financing Activities    
Issuance of common stock, net of issuance costs 1,370 730
Proceeds from notes payable 414 0
Proceeds from convertible notes 100 0
Net distributions from Former Parent 0 1,345
Net Cash Provided by Financing Activities 1,884 2,075
Net Increase (Decrease) in Cash (229) 261
Cash - Beginning of period 261 0
Cash - End of period 32 261
Non-cash Investing and Financing Activities    
Common Shares issued for acquisition 375 0
Inventory acquired from acquisition 55 0
Accounts payable assumed from acquisition 13 0
Intangible assets acquired from acquisition 21 0
Beneficial conversion feature 43 0
Warrants issued as equity issuance cost 65 150
Accrued construction in progress $ 0 $ 56