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
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net loss $ (1,038) $ (1,685)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 21 45
Share-based compensation 104 0
Changes in fair value of warrant liability (4) 0
Changes in operating assets and liabilities:    
Accounts receivable 5 (38)
Inventory (34) (39)
Prepaid expenses and other assets 19 125
Accounts payable (106) 339
Accrued expenses and other liabilities 53 94
Net Cash Used in Operating Activities (980) (1,159)
Investing Activities    
Purchase of equipment (76) 0
Net Cash Used in Investing Activities (76) 0
Financing Activities    
Issuance of common stock, net of issuance costs 620 0
Proceeds from notes payable 408 0
Net contributions from Former Parent 0 1,345
Net Cash Provided by Financing Activities 1,028 1,345
Net Increase in Cash (28) 186
Cash - Beginning of period 261 0
Cash - End of period 233 186
Cash paid during the year for:    
Interest 0 0
Taxes 0 0
Non-cash Investing and Financing Activities    
Common shares issued for acquisition 375 0
Inventory acquired from acquisition 21 0
Accounts payable acquired from acquisition $ 13 $ 0