v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities      
Net Income (loss) $ (16,490) $ 20,738 $ 22,811
Adjustments to reconcile net income to net cash provided by (used in) operating activities      
Depreciation and amortization 2,038 1,800 815
Loss from sale of investment 679 0 0
Amortization of discount and premium on investments (261) 1,483 0
Change in fair value of warrant liability 0 3,445 (2,217)
Deferred income taxes (4,456) 2,712 (6,201)
Stock-based compensation expense 968 1,593 843
Non-cash lease expense 495    
Changes in operating assets and liabilities:      
Accounts receivable 2,550 2,606 (1,540)
Prepaid expenses and other current assets 6,292 (6,029) (152)
Accrued expenses (134) (909) (529)
Accounts payable 87 (252) 2,788
Accounts payable - related parties (75) 51 24
Accrued income taxes 0 (13) 10
Lease liability (485)    
Other liabilities (1,093) (1,624) (66)
Net Cash Provided by (Used in) Operating Activities (9,885) 25,601 16,586
Cash Flows From Investing Activities      
Purchase of intangible assets 0 (1,000) (2,000)
Purchases of additional investment (700) (900) 0
Proceeds from sale of investment 3,539 0 127
Purchases of marketable securities (24,562) (11,303) 0
Redemption of marketable securities 18,347 0 0
Purchase of property and equipment (446) 0 0
Net Cash Used in Investing Activities (3,822) (13,203) (1,873)
Cash Flows From Financing Activities      
Proceeds from the sale of Series A-1 Preferred shares, net of issuance costs 0 0 14,375
Redemption of Preferred shares 0 (19,890) (13,778)
Proceeds from Common share offering, net of issuance costs 0 0 11,952
Repurchase of Finjan Holdings shares 0 (2,023) 0
Proceeds from exercise of stock options 0 357 229
Net Cash Provided by (Used in) Financing Activities 0 (21,556) 12,778
Net Increase (Decrease) in Cash and Cash Equivalents (13,707) (9,158) 27,491
Cash and Cash Equivalents - Beginning 32,011 41,169 13,678
Cash and Cash Equivalents - Ending 18,304 32,011 41,169
Supplemental Disclosures of Cash Flow Information:      
Cash paid for income taxes 0 10,700 30
Non-cash investing and financing activities:      
Series A-1 warrant liability 0 0 3,313
Patent purchase in exchange for payable 0 0 6,500
Changes in accounts receivable, adoption of ASC606 (2,550) (2,606) 1,540
Reclassification of warrant liability to equity 0 4,541 0
Series A Preferred Stock      
Non-cash investing and financing activities:      
Accretion of Preferred Stock 0 0 292
Series A-1 Preferred Stock      
Non-cash investing and financing activities:      
Accretion of Preferred Stock 0 925 4,590
Accounting Standards Update 2014-09      
Changes in operating assets and liabilities:      
Accounts receivable 0 (2,550) 0
Non-cash investing and financing activities:      
Changes in accounts receivable, adoption of ASC606 0 2,550 0
Changes in deferred tax, adoption of ASC606 $ 0 $ 678 $ 0

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