Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities:    
Net loss $ (5,873,000) $ (7,086,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 169,000 155,000
Subsidiary stock issued to vendor 36,000 62,000
Depreciation 116,000 122,000
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 484,000 (706,000)
Right of use asset 67,000 56,000
Accounts payable (1,290,000) 490,000
Accrued expenses (567,000) 627,000
Accrued employee benefits (8,000) (821,000)
Lease liability (120,000) (105,000)
Net Cash Used In Operating Activities (6,986,000) (7,206,000)
Cash Flows From Investing Activities:    
Net Cash From Investing Activities 0 0
Cash Flows From Financing Activities:    
Net Cash From Financing Activities 0 0
Net decrease in cash and cash equivalents (6,986,000) (7,206,000)
Cash and cash equivalents at beginning of period 15,045,000 28,918,000
Cash and cash equivalents at end of period 8,059,000 21,712,000
Noncash Financing Activities:    
Deemed dividends for accretion of Series B Preferred Stock discount 796,000 515,000
In-kind dividends paid in preferred stock 125,000 122,000
Right of use asset from operating lease 0 538,000
Series B Preferred Stock [Member]    
Noncash Financing Activities:    
Conversion of Series B Preferred Stock $ 1,317,000 $ 825,000