Cash Flow

v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 123 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2019
CASH FLOW FROM OPERATING ACTIVITIES:          
Net loss $ (1,866) $ (1,906) $ (3,225) $ (2,089) $ (1,906)
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation 55 29 106 72  
Fair value of vested options     182  
Fair value of shares issued for services     949 1,389  
Fair value of common shares issued to employees and officer     51  
Fair value of preferred shares issued to officer     465  
Change in fair value of derivative (148) (283)  
Gain on extinguishment of derivative liability (286) (286)  
Private placement costs 17   279  
Amortization of convertible note discount     380  
Amortization of right-of-use asset     85 39  
Interest accrual     20  
Changes in operating assets and liabilities:          
Accounts receivable     10 (22)  
Inventories     (38)  
Prepaid Expenses     7  
Accounts payable and accrued liabilities     69 16  
Deferred revenue     (17) 85  
Operating lease liabilities     (78) (28)  
Net cash used in operating activities     (1,344) (518)  
CASH FLOW FROM INVESTING ACTIVITIES:          
Purchase of equipment     (80) (85)  
Net cash used in investment activities     (80) (85)  
CASH FLOW FROM FINANCING ACTIVITIES:          
Proceeds from shares to be issued     625  
Proceeds from shares issued for cash     105  
Proceeds from convertibles notes payable     563  
Proceeds from notes payable     679 13  
Principal payments of convertible notes     (282)  
Principal payments of notes payable     (44) (42)  
Costs of recapitalization      
Net cash provided by financing activities     1,021 596  
Increase (decrease) in cash     (403) (7)  
Cash and cash equivalents, beginning of period     433 36  
Cash and cash equivalents, end of period $ 30 $ 29 30 29 $ 29
Supplemental Disclosures of Cash Flow Information:          
Cash paid for taxes      
Cash paid for interest     17  
Non-cash investing and financing activities          
Recognition of right-of-use asset and liability     432 410  
Original issuance discount     43  
Issue convertible notes payable for fees     30  
Recognition of beneficial conversion feature     291  
Shares issued for fee discount     88  
Derivative allocated to discount     183  
Issuance of shares to be issued     505  
Fair value of shares for loan fee     76  
Fair value shares to be issued for loan fee     $ 11  

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