Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (21,283) $ (22,082)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 747 735
Stock-based compensation 4,463 4,200
Non-cash loss on disposal of assets 0 1
Non-cash patent write-off 47 104
Right-of-use asset amortization 447 440
Changes in assets and liabilities:    
Accounts receivable (329) (1,841)
Prepaid expenses and other current assets (156) 102
Other assets (44) 1
Accounts payable (107) 280
Accrued expenses (51) 101
Accrued salaries and payroll related expenses 50 (433)
Deferred revenue 647 1,838
Operating lease liabilities (454) (346)
Net cash used in operating activities (16,023) (16,900)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (451) (715)
Expenditures for patents and domain names (549) (306)
Redemption of investments held-to-maturity 0 29,295
Purchase of investments held-to-maturity 0 (12,432)
Net cash provided by (used in) investing activities (1,000) 15,842
CASH FLOWS FROM FINANCING ACTIVITIES    
Gross proceeds from the sale of common stock from private placement offering 0 10,020
Offering costs in connection with private placement offering 0 (80)
Gross proceeds from the sale of common stock from underwritten public offering 28,750 0
Offering costs in connection with underwritten public offering (2,340) 0
Proceeds from exercise of warrants 0 1,387
Proceeds from exercise of stock options 3 0
Net cash provided by financing activities 26,413 11,327
Effects of exchange rates on cash, cash equivalents and restricted cash 0 0
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 9,390 10,269
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of period 10,838 4,605
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of period 20,228 14,874
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Taxes Paid 1 1
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Restricted stock units issued in settlement of liability 363 349
Property and equipment included in accounts payable 131 37
Property and equipment included in accrued expenses 239 16
Patents included in accounts payable 110 70
Patents included in accrued expenses 0 2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents    
Total cash, cash equivalents and restricted cash $ 10,838 $ 14,874