Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss $ 18,409,000 $ 5,258,000
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 187,000 37,000
Stock-based compensation expense 1,565,000 52,000
Amortization of debt discount and accretion related to debt 127,000 270,000
Change in common stock warrant fair value (912,000) (3,000)
Accretion of asset retirement obligations 18,000 0
Capitalized interest (125,000) 0
Loss on extinguishment of debt 115,000 0
Loss on disposal of equipment 2,000 0
Changes in operating assets and liabilities:    
Prepaid expenses (236,000) (27,000)
Accounts receivable from related party (663,000) (1,500,000)
Other current assets (120,000) 0
Accounts payable (1,935,000) 268,000
Accrued liabilities 3,128,000 1,468,000
Other current liabilities 53,000 0
Other liabilities 176,000 40,000
Deferred revenue 2,893,000 2,363,000
Net cash used in operating activities (14,136,000) (2,290,000)
Cash flows from investing activities:    
Purchases of property and equipment (4,190,000) (20,000)
Increase in other assets 0 (260,000)
Net cash used in investing activities (4,190,000) (280,000)
Cash flows from financing activities:    
Payments of capital lease obligations (25,000) (23,000)
Proceeds from issuance of long-term debt and warrants, net 4,537,000 0
Repayment of long-term debt (3,605,000) (1,200,000)
Proceeds from issuance of related party debt 0 2,685,000
Proceeds from stock option exercises 156,000 0
Proceeds from promissory note 0 4,000,000
Net cash provided by financing activities 1,063,000 5,462,000
Net increase (decrease) in cash and cash equivalents (17,263,000) 2,892,000
Cash and cash equivalents, beginning of period 58,910,000 1,716,000
Cash and cash equivalents, end of period 41,647,000 4,608,000
Supplemental Cash Flow Information    
Cash paid for interest 284,000 134,000
Non-Cash Investing and Financing Activities    
Fixed asset additions in accounts payable 701,000 39,000
Fixed asset additions in accrued expenses 413,000 4,000
Deemed dividends on preferred stock $ 0 $ 820,000