v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (7,972) $ 36,257
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,012 803
Non-cash lease expense 241 0
Change in fair value of warrant liability 0 2,399
Stock-based compensation 497 753
Amortization of discount and premium on investments (154) 0
Changes in operating assets and liabilities:    
Accounts receivable 2,550 6
Prepaid expenses and other assets 4,541 (34)
Deferred income taxes (3,097) 2,605
Lease liability (232) 0
Accounts payable 155 (1,710)
Accounts payable - related parties (163) (99)
Accrued expenses 2,483 593
Accrued income taxes 0 5,041
Other liabilities 222 486
Net cash provided by operating activities 83 47,100
Cash flows from investing activities:    
Purchase of patents 0 (1,000)
Purchase of fund investment (500) (550)
Purchase of marketable securities (12,613) 0
Redemption of marketable securities 8,397 0
Leasehold improvements (439) 0
Net cash used in investing activities (5,155) (1,550)
Cash flows from financing activities:    
Repurchase of Finjan Holdings shares 0 (2,024)
Proceeds from exercise of stock options 0 209
Redemption of preferred shares 0 (19,890)
Net cash used in financing activities 0 (21,705)
Net (decrease) increase in cash and cash equivalents (5,072) 23,845
Cash and cash equivalents - beginning 32,011 41,169
Cash and cash equivalents - ending 26,939 65,014
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 0 5,700
Supplemental disclosures of cash flow information, non-cash:    
Accretion of series A-1 preferred stock to redemption value 0 925
Changes in accounts receivable, adoption of ASC 606 (2,550) (6)
Accounting Standards Update 2014-09    
Changes in operating assets and liabilities:    
Accounts receivable 0 (2,550)
Supplemental disclosures of cash flow information, non-cash:    
Changes in accounts receivable, adoption of ASC 606 0 2,550
Changes in deferred tax, adoption of ASC 606 $ 0 $ 678

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