v3.20.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
 1 Months Ended 6 Months Ended
Feb. 01, 2020
Aug. 01, 2020
Jun. 30, 2019
Cash flows from operating activities:      
Net income (loss) $ (2,123,000) $ 8,361,000 $ (9,273,000)
Less: income (loss) from discontinued operations 66,000 (236,000) (789,000)
Income (loss) from continuing operations (2,189,000) 8,597,000 (8,484,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 62,000 342,000 127,000
Accretion of debt discount 373,000 666,000 1,159,000
Non-cash interest   232,000  
Provision for (recovery of) bad debts (22,000) 89,000 11,000
Stock-based compensation 8,000 649,000 1,750,000
Loss (gain) on debt conversion   (13,642,000) 9,000
loss on disposal of fixed assets   6,000  
Provision for obsolete inventory 36,000 101,000 63,000
Loss (gain) on derivative liability 807,000 (543,000)  
Impairment of right of use assets   53,000  
Change in operating assets and liabilities:      
Trade accounts receivable 467,000 416,000 379,000
Other accounts receivable (34,000) 883,000 196,000
Inventory (293,000) 2,330,000 513,000
Prepaid assets (32,000) 3,000 (183,000)
Other assets   3,000 (1,000)
Accounts payable 40,000 703,000 (1,318,000)
Accrued expenses (122,000) (831,000) 1,171,000
Operating lease right of use assets and lease liabilities 20,000 (454,000) 48,000
Net cash used in continuing operating activities (879,000) (397,000) (4,560,000)
Net cash provided by (used in) discontinued operating activities 299,000 (167,000) 85,000
Net cash used in operating activities (580,000) (564,000) (4,475,000)
Cash flows from investing activities:      
Purchase of property and equipment   (72,000) (9,000)
Sale of investment securities     23,000
Net cash provided by (used in) investing activities   (72,000) 14,000
Cash flows from financing activities:      
Proceeds from issuance of notes payable, net of debt issuance costs   3,098,000 3,310,000
Payment of notes payable   (325,000) (811,000)
Proceeds from warrant exercises     1,154,000
Net cash provided by financing activities   2,773,000 3,653,000
Effect of exchange rate changes on cash (85,000) 60,000 (34,000)
Net increase (decrease) in cash and cash equivalents (665,000) 2,197,000 (842,000)
Cash, cash equivalents and restricted cash, beginning of period 3,834,000 3,169,000 3,159,000
Cash, cash equivalents and restricted cash, end of period 3,169,000 5,366,000 2,317,000
Non-cash financing activities:      
Conversion of accounts payable and accrued liabilities to equity   823,000 164,000
Accounts receivable offset against conversion of accounts payable to equity   (227,000)  
Record operating lease right-of-use assets and operating lease liabilities $ 1,510,000 $ 437,000 $ 4,264,000