Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ 23,653,000 $ 16,225,000
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 569,000 71,000
Stock-based compensation expense 2,762,000 1,430,000
Amortization of debt discount and accretion related to debt 219,000 282,000
Change in common stock warrant fair value (916,000) 269,000
Accretion of asset retirement obligations 28,000 0
Capitalized interest (125,000) 0
Loss on extinguishment of debt 115,000 4,719,000
Changes in operating assets and liabilities:    
Prepaid expenses (1,116,000) (280,000)
Accounts receivable from related party (31,163,000) (38,000)
Other current assets (4,313,000) (57,000)
Other assets 57,000 0
Accounts payable (906,000) 2,618,000
Accrued liabilities 3,733,000 (1,003,000)
Other current liabilities 49,000 145,000
Other liabilities 166,000 0
Deferred revenue 30,635,000 1,715,000
Net cash used in operating activities (23,859,000) (6,354,000)
Cash flows from investing activities:    
Cash received from merger transaction 0 11,216,000
Purchases of property and equipment (5,421,000) (369,000)
Increase in other assets 0 (400,000)
Net cash used in investing activities (5,421,000) 10,447,000
Cash flows from financing activities:    
Payments of capital lease obligations (36,000) (35,000)
Proceeds from issuance of long-term debt and warrants, net 4,537,000 0
Repayment of long-term debt (3,605,000) (1,800,000)
Retirement of stock warrants 0 (208,000)
Proceeds from issuance of related party debt 0 2,685,000
Proceeds from stock option exercises 157,000 14,000
Proceeds from promissory note 0 4,000,000
Proceeds from issuance of common stock and warrants, net of offering expenses 48,061,000 57,716,000
Net cash provided by financing activities 49,114,000 62,372,000
Net increase (decrease) in cash and cash equivalents 19,834,000 66,465,000
Cash and cash equivalents, beginning of period 58,910,000 1,716,000
Cash and cash equivalents, end of period 78,744,000 68,181,000
Supplemental Cash Flow Information    
Cash paid for interest 286,000 194,000
Non-Cash Investing and Financing Activities    
Fixed asset additions in accounts payable 19,000 274,000
Fixed asset additions in accrued expenses 173,000 0
Deemed dividends on preferred stock 0 958,000
Conversion of preferred stock 0 26,830,000
Conversion of related party debt 0 10,486,000
Capital lease additions to fixed assets $ 0 $ 57,000