v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Cash flows from operating activities:      
Net (loss) income $ (4,758) $ 3,233  
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Stock-based compensation expense 1,788 1,728  
Common stock contribution to 401(k) 88 102  
Depreciation and amortization 6 6  
Amortization of debt issuance costs, debt discount and final payment on debt 191 110  
Provision for bad debt 1,409    
Non-cash lease expense 37 488  
Change in fair value of equity securities 273 (715)  
Changes in assets and liabilities:      
Trade and other receivables, net 212 (1,329)  
Income tax receivable (1,526)    
Prepaid expenses and other assets 147 42  
Accounts payable and accrued liabilities 38 (116)  
Unearned revenue recognized under units-of-revenue method (304) (105)  
Operating lease liabilities (39) (528)  
Other liabilities 158 241  
Net cash (used in) provided by operating activities (2,280) 3,157  
Cash flows from investing activities:      
Payments related to purchase of royalty rights   (300)  
Net cash used in investing activities   (300)  
Cash flows from financing activities:      
Proceeds from exercise of options   237  
Payment of preferred and common stock issuance costs for prior year (166) (376)  
Principal payments – debt (938)    
Principal payments – finance lease (5) (3)  
Proceeds from disgorgement of stockholder's short-swing profits 13    
Taxes paid related to net share settlement of equity awards   (59)  
Net cash used in financing activities (1,096) (201)  
Net (decrease) increase in cash (3,376) 2,656  
Cash at the beginning of the period 56,688 45,780 $ 45,780
Cash at the end of the period 53,312 48,436 $ 56,688
Supplemental Cash Flow Information:      
Cash paid for interest $ 199 107  
Non-cash investing and financing activities:      
Prepaid financing cost related to issuance of common stock   66  
Estimated fair value of contingent consideration under the royalty purchase agreements   $ 75  

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