Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net loss $ (8,987) $ (6,212)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 46 48
Loss on sale of digital currencies 4 21
Bad debt expense 79 135
Amortization of acquired intangibles 205 293
Change in fair value of warrants 0 54
Impairment of digital currencies 0 334
Stock-based compensation 1,111 285
Changes in operating assets and liabilities:    
Accounts receivable 291 1,914
Prepaid expenses and other assets (86) 166
Accounts payable (327) 3,391
Accrued expenses 973 (6,322)
Warrant liability 0 450
Deferred revenue 792 (57)
Net cash used in operating activities (5,899) (5,500)
Investing activities    
Proceeds received from sale of digital currencies 88 913
Payments for note receivable 0 (462)
Capital expenditures (18) 0
Net cash provided by investing activities 70 451
Financing activities    
Proceeds from convertible note 250 0
Proceeds from PhunCoin deposits 212 0
Net (repayments) proceeds from factoring agreement (888) 255
Proceeds from common stock subscriptions, net of issuance costs 0 5,448
Proceeds from warrant exercises 6,092 0
Proceeds from exercise of options to purchase common stock 165 139
Series A convertible preferred stock redemptions and dividend payments (6,240) 0
Deferred financing costs 0 (939)
Net cash (used in) provided by financing activities (409) 4,903
Effect of exchange rate on cash and restricted cash (38) (40)
Net decrease in cash and restricted cash (6,276) (186)
Cash and restricted cash at the beginning of the period 6,344 308
Cash and restricted cash at the end of the period 68 122
Supplemental disclosure of cash flow information    
Interest paid 510 534
Common stock issuances from subscriptions payable, net of fair value convertible stock $ 0 $ 9,604