Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (259,186) $ (144,172)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 7 2
Loss on impairment of long-lived assets 228,515 0
Stock compensation expense for options and warrants issued to employees and non-employees 9,696 130,124
Amortization of debt discounts 8,663 4,914
Note Allonges 0 100
Non-cash interest expense 441 2,197
Amortization of loan costs 1,076 0
Changes in operating assets and liabilities:    
Prepaid Expenses (30) 0
Other assets (3) (7)
Other liabilities 8 0
Accounts payable and accrued expenses 136 1,412
Net cash used in operating activities (10,677) (5,430)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of fixed assets (36) (4)
Net cash used by investing activities (36) (4)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable 15,145 5,991
Loan costs (533) 0
Repayment of note payable (4,415) 0
Net cash provided by financing activities 10,197 5,991
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (516) 557
CASH AND CASH EQUIVALENTS - Beginning of period 576 19
CASH AND CASH EQUIVALENTS - End of period 60 576
Supplemental disclosures:    
Issuance of common stock upon conversion of convertible notes 325 0
Acquisition of intangibles through issuance of common stock 0 253,777
Issuance of common stock for interest expense 0 5,179
Issuance of common stock for debt $ 0 $ 19,166