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, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (16,669,000) $ (35,853,000)
Less: net loss from discontinued operations 42,000 13,143,000
Net loss from continuing operations (16,627,000) (22,710,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 0 300,000
Gain from debt forgiveness (86,000) 0
Gain on sale of investment (5,337,000) 0
Loss on extinguishment of debt 6,161,000 0
Non-cash portion of severance expense 7,990,000 0
Non-cash interest expense 30,000 627,000
Gain (loss) on sale of assets 6,000 (35,000)
Depreciation and amortization 2,252,000 3,413,000
Amortization of operating lease right of use asset 385,000 446,000
Stock based compensation 1,198,000 1,244,000
Impairment loss 0 16,434,000
Change in operating assets and liabilities:    
Accounts receivable (1,367,000) 411,000
Inventory (988,000) (272,000)
Prepaid expenses and other current assets (804,000) 46,000
Other assets (69,000) (1,285,000)
Accounts payable and accrued expenses 1,314,000 2,593,000
Deferred income 0 (300,000)
Operating lease liabilities (302,000) (655,000)
Net cash provided by / (used in) operating activities - continuing operations (6,244,000) 257,000
Net cash provided by / (used in) operating activities - discontinued operations (187,000) (8,421,000)
NET CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES (6,431,000) (8,164,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, equipment and leasehold improvements (688,000) (584,000)
Cash outflow for loans 0 (250,000)
Purchase of intangible assets 0 0
Cash from acquisitions 0 57,000
Proceeds from sales of investment 39,382,000 0
Proceeds from sales of assets 72,000 35,000
Net cash provided by / (used in) investing activities - continuing operations 38,766,000 (742,000)
Net cash provided by / (used in) investing activities - discontinued operations 4,750,000 6,176,000
NET CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES 43,516,000 5,434,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of notes payable 3,500,000 1,953,000
Payments of debt principal (1,012,000) (35,000)
Cash paid for debt issuance costs (178,000) 0
Proceeds from issuance of common stock 0 250,000
Cash contribution (distribution) from non-controlling interest 0 80,000
Net cash provided by / (used in) financing activities - continuing operations 2,310,000 2,248,000
Net cash provided by / (used in) financing activities - discontinued operations 0 0
NET CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES 2,310,000 2,248,000
NET CHANGE IN CASH 39,395,000 (482,000)
Cash at beginning of period 888,000 1,226,000
CASH AT END OF PERIOD 40,283,000 744,000
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash paid for interest 430,000 625,000
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt principal and accrued interest converted into common stock 3,596,000 1,829,000
Promissory note issued for severance 2,100,000 0
Stock Issued for the acquisition of OneQor 0 9,305,000
Fixed assets in accounts payable 0 35,000
Stock options exercised on a net share basis $ 2,000 $ 0