v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net loss $ (11,128) $ (14,046)
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 2,620 4,445
Common stock contribution to 401(k) 85 90
Depreciation 7 6
Amortization of debt issuance costs, debt discount and final payment on debt   200
Loss on extinguishment of debt   300
Non-cash lease expense 127 119
Change in fair value of equity securities 330 482
Changes in assets and liabilities:    
Trade and other receivables, net 193 (255)
Income tax receivable   1,526
Prepaid expenses and other assets (343) (526)
Accounts payable and accrued liabilities 596 955
Income taxes payable (91)  
Operating lease liabilities (144) (133)
Unearned revenue recognized under units-of-revenue method (1,241) (1,121)
Other liabilities   (6)
Net cash used in operating activities (8,989) (7,964)
Cash flows from investing activities:    
Payment of contingent consideration under RPAs and CPPAs (8,000)  
Receipts related to purchase of royalty rights and other commercial payment rights 3,026  
Payments related to purchase of royalty rights and other commercial payment rights   (20,500)
Net cash used in investing activities (4,974) (20,500)
Cash flows from financing activities:    
Proceeds from issuance of preferred stock   40,000
Proceeds from issuance of common stock   17
Payment of preferred stock dividends (4,104) (2,131)
Payment of preferred and common stock issuance costs   (3,248)
Proceeds from exercise of options 2,373 1,492
Taxes paid related to net share settlement of equity awards (1,398) (479)
Principal payments - debt   (4,250)
Payment for extinguishment of debt   (17,103)
Payment for debt modification fee   (24)
Net cash (used in) provided by financing activities (3,129) 14,274
Net decrease in cash, cash equivalents and restricted cash (17,092) (14,190)
Cash and restricted cash at the beginning of the period 95,377 86,364
Cash, cash equivalents and restricted cash at the end of the period 78,285 72,174
Supplemental Cash Flow Information:    
Cash paid for taxes 95  
Cash paid for interest   311
Non-cash investing and financing activities:    
Preferred stock dividend accrual $ 1,368 1,368
Accrued cost related to issuance of preferred stock   $ 137

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