Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (35,853,000) $ (21,754,000)
Less: net loss from discontinued operations 5,004,000 1,323,000
Net loss from continuing operations (30,849,000) (20,431,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 300,000 0
Cancellation of shares issued 0 (58,000)
Gain on sale of assets (35,000) (966,000)
Amortization of debt discount 627,000 6,052,000
Depreciation and amortization 3,700,000 2,979,000
Operating lease expense 446,000 408,000
Stock based compensation 1,244,000 2,686,000
Loss on revaluation of equity interests 0 1,064,000
Impairment loss 16,434,000 510,000
Other 0 253,000
Change in operating assets and liabilities:    
Accounts receivable 353,000 (768,000)
Inventory (353,000) (1,874,000)
Prepaid expenses and other current assets (57,000) (240,000)
Other assets (1,521,000) (962,000)
Accounts payable and accrued expenses 3,847,000 1,520,000
Deferred revenue (171,000) 0
Operating lease liabilities (655,000) (294,000)
Net cash provided by / (used in) operating activities - continuing operations (6,690,000) (10,122,000)
Net cash provided by / (used in) operating activities - discontinued operations (1,474,000) 60,000
NET CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES (8,164,000) (10,062,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, equipment and leasehold improvements (665,000) 77,000
Purchase of equity investment 0 (402,000)
Cash outflow for loans (250,000) 0
Cash from acquisitions 57,000 127,000
Proceeds from sales of assets 35,000 1,321,000
Net cash provided by / (used in) investing activities - continuing operations (824,000) 1,123,000
Net cash provided by / (used in) investing activities - discontinued operations 6,257,000 (2,782,000)
NET CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES 5,433,000 (1,659,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of notes payable 1,953,000 10,000,000
Payments of debt principal (35,000) (1,000,000)
Cash paid for debt discount 0 (150,000)
Proceeds from issuance of common stock 250,000 3,850,000
Cash paid for acquisition of non-controlling interest 0 (6,250,000)
Cash contribution (distribution) from non-controlling interest 80,000 0
Net cash provided by / (used in) financing activities - continuing operations 2,249,000 6,450,000
Net cash provided by / (used in) financing activities - discontinued operations 0 0
NET CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES 2,249,000 6,450,000
NET CHANGE IN CASH (482,000) (5,271,000)
Cash at beginning of period 1,226,000 7,193,000
CASH AT END OF PERIOD 744,000 1,922,000
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash paid for interest 625,000 909,000
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt principal and accrued interest converted into common stock 1,829,000 11,200,000
Stock Issued for the acquisition of OneQor 9,305,000 0
Fixed assets in accounts payable 35,000 0
Consolidation of Joint Venture Net Assets 0 11,957,000
Financing Fees in Accounts Payable 0 145,000
Warrants issued for debt discount 0 228,000
Beneficial Conversion Feature $ 0 $ 5,633,000