Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.19.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (37,177) $ (254,955)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 10 5
Stock compensation expense issued to employees and non-employees 6,202 8,191
Amortization of debt discounts 451 7,816
Non-cash interest expense 1,140 0
Loss on disposal of assets 20,494 0
Amortization of loan costs 0 1,076
Impairment of intangible assets 4,599 228,514
Changes in operating assets and liabilities:    
Other assets 6 (27)
Accounts payable and accrued expenses 1,101 (53)
Net cash used in operating activities (3,174) (9,433)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of fixed assets 0 (4)
Disposal of fixed assets 200 0
Net cash used in investing activities 200 (4)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable 3,327 15,045
Loan costs 0 (533)
Repayment of note payable (100) (4,419)
Net cash provided by financing activities 3,227 10,093
Minority Interest 0 0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 253 656
CASH AND CASH EQUIVALENTS - Beginning of period 60 576
CASH AND CASH EQUIVALENTS - End of period 313 1,232
Supplemental disclosures:    
Interest paid 0 0
Income taxes paid 0 0
Non-Cash Investing and Financing Activities:    
Issuance of common stock upon conversion of convertible notes 1,150 220
Issuance of common stock upon conversion of accrued interest $ 14 $ 0