XML 65 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities:    
Net loss $ (7,830,000) $ (7,288,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 20,000 29,000
Gain on disposal of property and equipment (38,000)  
Stock-based compensation 466,000 331,000
Changes in lease liability (71,000)  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 214,000 (327,000)
Accounts payable and other current liabilities (2,208,000) 554,000
Net cash used in operating activities (9,447,000) (6,701,000)
Investing activities:    
Purchase of property, plant and equipment (10,000) (39,000)
Proceeds from sale of property and equipment 38,000 16,000
Net cash provided by (used in) investing activities 28,000 (39,000)
Financing activities:    
Proceeds from issuance of common stock, net of issuance costs 4,049,000 630,000
Payment of preferred stock dividend (201,000) (201,000)
Net cash provided by (used in) financing activities 3,848,000 429,000
Effect of exchange rate changes on cash and cash equivalents (48,000) (95,000)
Net (decrease) in cash and cash equivalents (5,619,000) (6,406,000)
Cash and cash equivalents at beginning of period 17,504,000 23,910,000
Cash and cash equivalents at end of period 11,885,000 17,504,000
Supplemental cash flow information:    
Cash received during the period for: Interest 224,000 238,000
Cash received during the period for: Taxes 1,163,000 1,158,000
Lease liability (1,505,000)  
Right-of-use asset 1,385,000  
Non cash financing activities:    
Accrual of preferred stock dividends $ 50,000 $ 50,000