Cash Flow

v3.20.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOW FROM OPERATING ACTIVITIES:    
Net loss $ (5,931) $ (3,017)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 162 122
Fair value of vested options 250
Fair value of shares issued for services 1,068 1,856
Fair value of shares issued to employees and officer 106  
Fair value of preferred shares issued to officer 465
Change in fair value of derivative (101)
Loss on debt extinguishment 795  
Impairment of operating lease right of use asset 255
Fee Notes Issued 60
Net Gain on Settlement of AP and Accrued Expenses (16)
Accretion of Premium 226
Amortization of convertible note discount 396
Amortization of right-of-use asset 106 58
Interest accrual
Changes in operating assets and liabilities:    
Accounts receivable 22 (37)
Inventories (34)
Prepaid Expenses 7
Accounts payable and accrued liabilities 386 29
Deferred revenue (26) 76
Net cash used in operating activities (1,804) (968)
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchase of equipment (80) (84)
Net cash used in investment activities (80) (84)
CASH FLOW FROM FINANCING ACTIVITIES:    
Proceeds from shares to be issued 50  
Proceeds from shares issued for cash 125 1,110
Proceeds from convertibles notes payable 712
Proceeds from revenue sharing loan 250
Proceeds from PPP and EIDL loans 294
Proceeds from notes payable 378  
Principal payments of convertible notes (282)
Principal payments of notes payable (65) (59)
Costs of recapitalization
Net cash provided by financing activities 1,462 1,051
Increase (decrease) in cash (422) (1)
Cash and cash equivalents, beginning of period 433 36
Cash and cash equivalents, end of period 11 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 92 410
Reclass to long term Convertible Notes payable (52)
Premium on Convertible notes Payable (70)
Discount on Convertible Notes Payable (725)
Reclass to Settlement Payable 7
Original issuance discount (131)
Discount revenue loan (28)
Conversions 186
Recognition of beneficial conversion feature 353
Shared to be issued (535)
Derivative allocated to discount 173
Common Stock for services (6)
Fair Value of Options $ 529

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