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 $ (8,407,000) $ (8,896,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 245,000 340,000
Stock-based compensation 334,000 788,000
Amortization of debt discount and deferred financing fees 6,509,000 4,050,000
Loss on debt conversions 11,000 53,000
Loss on asset disposal 151,000
Changes in assets and liabilities:    
Restricted cash 50,000
Accounts and other receivables (99,000)
Prepaid expenses and other current assets 46,000 56,000
Inventory (245,000) (271,000)
Deferred revenues, net (697,000) 1,551,000
Deposits 5,000
Accounts payable and other current liabilities 955,000 548,000
Cash used in operating activities (1,249,000) (1,674,000)
Cash flows from investing activities:    
Proceeds from sale of assets 67,000
Net cash provided by investing activities 67,000
Cash flows from financing activities:    
Proceeds from issuance of Senior Notes 1,060,000 500,000
Repayment of capital leases payable (9,000) (9,000)
Cash provided by financing activities 1,051,000 491,000
Net decrease in cash and cash equivalents (198,000) (1,116,000)
Cash and cash equivalents at beginning of period 208,000 1,310,000
Cash and cash equivalents at end of period 10,000 194,000
Cash paid during the period for:    
Income taxes
Interest 75,000
Supplemental disclosure of non-cash activities:    
Capital lease for purchase of equipment 25,000
Debt discount recorded upon issuance of warrants and beneficial conversion features 5,110,000 176,000
Conversion of convertible senior secured notes into shares of common stock 25,000 60,000
Accrued expenses exchanged for convertible senior secured notes 135,000
Shares of common stock issued for prepaid retainer $ 20,000