v3.20.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,134,000) $ (16,069,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 525,000 335,000
Stock-based compensation 702,000 2,730,000
Amortization of discount on convertible notes 0 2,684,000
Beneficial conversion feature 0 7,067,000
Changes in assets and liabilities:    
Accounts receivable (76,000) 173,000
Prepaid expenses and other current assets (560,000) (610,000)
Accounts payable and accrued expenses 1,242,000 211,000
Deferred revenue (87,000) (30,000)
Accrued interest on convertible notes 0 187,000
Net cash used in operating activities (3,388,000) (3,322,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (4,000) (18,000)
Capitalization of software development costs (240,000) (332,000)
Acquisition of other intangible assets (39,000) (74,000)
Net cash used in investing activities (283,000) (424,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net of issuance costs 0 22,458,000
Net cash provided by financing activities 0 22,458,000
(DECREASE) INCREASE IN CASH (3,671,000) 18,712,000
Cash - beginning of period 8,442,000 2,774,000
Cash - end of period 4,771,000 21,486,000
SUPPLEMENTAL NONCASH FINANCING ACTIVITIES    
Automatic conversion of convertible debt to common stock $ 0 $ 13,793,000

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