Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (16,069,000) $ (4,171,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 335,000 260,000
Stock-based compensation 2,730,000 860,000
Amortization of discount on convertible notes 2,684,000 31,000
Beneficial conversion feature 7,067,000 0
In-kind contribution of services 0 333,000
Changes in assets and liabilities:    
Accounts receivable 173,000 (90,000)
Prepaid expenses and other current assets (610,000) 92,000
Accounts payable and accrued expenses 211,000 (69,000)
Deferred revenue (30,000) 0
Accrued interest on convertible notes 187,000 14,000
Net cash used in operating activities (3,322,000) (2,740,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (18,000) (93,000)
Capitalization of software development costs (332,000) (21,000)
Acquisition of other intangible assets (74,000) 0
Net cash used in investing activities (424,000) (114,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net of issuance costs 22,458,000 0
Proceeds from convertible note payable, net 0 2,815,000
Net cash provided by financing activities 22,458,000 2,815,000
INCREASE (DECREASE) IN CASH 18,712,000 (39,000)
Cash - beginning of period 2,774,000 1,709,000
Cash - end of period 21,486,000 1,670,000
SUPPLEMENTAL NONCASH FINANCING ACTIVITIES    
Conversion of 2018 Notes $ 0 $ 13,793,000