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, 2019
Dec. 31, 2018
Operating Activities    
Net loss $ (1,923) $ (1,888)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 67 322
Amortization of deferred lease incentive 0 (8)
Provision for doubtful accounts 0 (1)
Provision for excess and slow moving inventory 0 (5)
Share-based compensation 4 0
Changes in fair value of warrant liability (1) 0
Changes in operating assets and liabilities:    
Accounts receivable, net (68) 66
Inventory (12) (3)
Prepaid expenses and other assets 189 (224)
Accounts payable 203 94
Accrued expenses and other liabilities (273) 103
Net Cash Used in Operating Activities (1,814) (1,544)
Financing Activities    
Issuance of common stock, net of issuance costs 730 0
Net distributions from Former Parent 1,345 1,544
Net Cash Provided by Financing Activities 2,075 1,544
Net Increase in Cash 261 0
Cash - Beginning of period 0  
Cash - End of period 261 0
Non Cash Transactions:    
Accrued construction in progress 150 0
Warrants issued as equity issuance cost $ 56 $ 0