Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flow from Operating Activities:    
Net and comprehensive loss $ (184,462) $ (6,026)
Adjustments to reconcile net and comprehensive loss to net cash used in operating activities :    
Non-cash expenses   0
Stock and warrants issued to third parties for services 3,548 0
Impairment of intangible asset 889 0
Depreciation and amortization 171 14
Amortization of debt issuance costs and discounts 346 0
Share-based compensation 10,280 431
Lease expenses 41 0
Change in fair value of warrant derivative liability 90 0
Loss on acquisitions 146,980 0
Changes in operating assets and liabilities, net of effects of business acquisition:    
Accounts receivable, net (99) (196)
Inventories, net 232 (400)
Prepaid expenses and other current assets (101) (208)
Other assets (140) 0
Accounts payable (1,695) 55
Accrued liabilities 2,738 (645)
Deferred revenue 245 66
Deferred rent (15) 6
Other (17) 0
Cash Used in Operating Activities (20,969) (6,903)
Cash Flow from Investing Activities    
Acquisition of property and equipment (110) (31)
Cash acquired in the May Acquisitions 416 0
Acquisition of Halo (20,513) 0
Cash Used in Investing Activities (20,207) (31)
Cash Flow from Financing Activities    
Cash advance, net (1,899) 1,840
Proceeds from shares issued pursuant to private placement, net 15,826 4,668
Proceeds from investor prepayment 500 0
Proceeds from revolving line of credit 5,000 2,615
Proceeds from line of credit 6,200 0
Payment of line of credit (6,200) 0
Proceeds from related party note 0 1,600
Payments on related party note (1,600) 0
Proceeds from short term loan 20,500 0
Proceeds from November 2019 Notes 2,750 0
Proceeds from warrant exercise 4,007 0
Debt issuance costs (720) 0
Cash Provided by Financing Activities 39,764 10,723
Net Increase in Cash and cash equivalents and Restricted cash (1,412) 3,789
Total Cash and cash equivalents, Beginning of Period 3,946 157
Total Cash and cash equivalents and Restricted cash, End of Period 2,534 3,946
Supplemental Cash Flow Information    
Right-of-use asset recorded upon adoption of ASC 842 421  
Operating lease liability recorded upon adoption of ASC 842 (429)  
Noncash acquisition of right-of-use asset for leases entered into during period 607  
Noncash acquisition of operating lease liability for leases entered into during the period (594)  
TruPet, LLC [Member]    
Cash Flow from Financing Activities    
Payment of line of credit $ (4,600) $ 0