v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 36,257 $ 13,120
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 803 25
Change in fair value of warrant liability 2,399 0
Stock-based compensation 753 419
Changes in operating assets and liabilities:    
Accounts receivable 6 1,057
Prepaid expenses and other current assets (34) (120)
Other assets - long term 0 (1)
Deferred tax asset, non current 2,605 0
Accrued expenses 593 (1,465)
Accounts payable (1,710) 1,700
Accounts payable - related parties (99) (63)
Other liabilities 486 (15)
Accrued income taxes 5,041 238
Net cash provided by operating activities 47,100 14,895
Cash flows from investing activities:    
Purchase of patents (1,000) 0
Purchase of fund investment (550) 0
Proceeds from fund investment 0 127
Net cash provided by (used in) investing activities (1,550) 127
Cash flows from financing activities:    
Repurchase of Finjan Holdings shares (2,024) 0
Proceeds from common share offering, net of issuance costs 0 10,385
Proceeds from sale of series A-1 preferred shares, net of issuance costs 0 14,375
Redemption of preferred shares (19,890) (13,777)
Proceeds from exercise of stock options 209 201
Net cash provided (used in) by financing activities (21,705) 11,184
Net increase in cash and cash equivalents 23,845 26,206
Cash and cash equivalents - beginning 41,169 13,678
Cash and cash equivalents - ending 65,014 39,884
Supplemental disclosures of cash flow information:    
Cash paid for income tax 5,700 0
Supplemental disclosures of cash flow information, non cash:    
Series A-1 warrant liability 0 3,313
Changes in accounts receivable, adoption of ASC-606 (see NOTE 1) (6) (1,057)
Changes in deferred tax, adoption of ASC-606 (see NOTE 1) (2,605) 0
Series A preferred shares    
Supplemental disclosures of cash flow information, non cash:    
Accretion of series A preferred stock to redemption value 0 291
Series A-1 preferred shares    
Supplemental disclosures of cash flow information, non cash:    
Accretion of series A preferred stock to redemption value 925 3,634
Accounting Standards Update 2014-09    
Changes in operating assets and liabilities:    
Accounts receivable (2,550) 0
Deferred tax asset, non current (678) 0
Supplemental disclosures of cash flow information, non cash:    
Changes in accounts receivable, adoption of ASC-606 (see NOTE 1) 2,550 0
Changes in deferred tax, adoption of ASC-606 (see NOTE 1) $ 678 $ 0

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