Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (38,647) $ (259,186)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 4 7
Loss on impairment of long-lived assets 4,599 228,515
Loss on the disposal of assets 20,494 0
Stock compensation expense for options and warrants issued to employees and non-employees 5,308 9,696
Amortization of debt discounts 505 8,663
Non-cash interest expense 1,140 441
Amortization of loan costs 0 1,076
Changes in operating assets and liabilities:    
Prepaid Expenses (216) (30)
Other assets 0 (3)
Other liabilities 0 8
Accounts payable and accrued liabilities 3,154 136
Net cash used in operating activities (3,659) (10,677)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of fixed assets 0 (36)
Disposal of fixed assets 200 0
Net cash used by investing activities 200 (36)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable 3,527 15,145
Loan costs 0 (533)
Repayment of note payable (100) (4,415)
Net cash provided by financing activities 3,427 10,197
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (32) (516)
CASH AND CASH EQUIVALENTS - Beginning of period 60 576
CASH AND CASH EQUIVALENTS - End of period 28 60
Supplemental disclosures:    
Issuance of common stock upon conversion of convertible notes 1,360 325
Issuance of common stock for interest expense $ 21 $ 0