v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities      
Net Income $ 20,738 $ 22,811 $ 350
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 1,800 815 63
Accretion of intangible assets 1,483 0 0
Change in fair value of warrant liability 3,445 (2,217) 0
Deferred income taxes 2,712 (6,201) 0
Stock-based compensation expense 1,593 843 872
Changes in operating assets and liabilities:      
Accounts receivable 2,606 (1,540) (1,066)
Prepaid expenses and other assets (6,029) (152) 34
Accrued expenses (909) (529) 1,382
Accounts payable (252) 2,788 (362)
Accounts payable - related parties 51 24 71
Accrued income taxes (13) 10 (6)
Other liabilities (1,624) (66) (10)
Net Cash Provided by Operating Activities 25,601 16,586 1,328
Cash Flows From Investing Activities      
Purchase of intangible assets (1,000) (2,000) 0
Purchases of additional investment (900) 0 (550)
Purchases of marketable securities (11,303) 0 0
Proceeds from investments 0 127 0
Purchase of property and equipment 0 0 (9)
Net Cash Used in Investing Activities (13,203) (1,873) (559)
Cash Flows From Financing Activities      
Redemption of Preferred shares (19,890) (13,778) (2,793)
Proceeds from Common share offering, net of issuance costs 0 11,952 0
Repurchase of Finjan Holdings shares (2,023) 0 0
Proceeds from exercise of stock options 357 229 111
Net Cash (Used in) Provided by Financing Activities (21,556) 12,778 6,808
Net Increase Cash and Cash Equivalents (9,158) 27,491 7,577
Cash and Cash Equivalents - Beginning 41,169 13,678 6,101
Cash and Cash Equivalents - Ending 32,011 41,169 13,678
Supplemental Disclosures of Cash Flow Information:      
Cash paid for income taxes 10,700 30 0
Non-cash investing and financing activities:      
Series A-1 warrant liability 0 3,313 0
Patent purchase in exchange for payable 0 6,500 0
Changes in accounts receivable, adoption of ASC606 (2,606) 1,540 1,066
Reclassification of warrant liability to equity 4,541 0 0
Series A Preferred Stock      
Cash Flows From Financing Activities      
Proceeds from the sale of Series Preferred shares, net of issuance costs 0 0 9,490
Non-cash investing and financing activities:      
Accretion of Preferred Stock 0 292 6,789
Series A-1 Preferred Stock      
Cash Flows From Financing Activities      
Proceeds from the sale of Series Preferred shares, net of issuance costs 0 14,375 0
Non-cash investing and financing activities:      
Accretion of Preferred Stock 925 4,590 0
Accounting Standards Update 2014-09      
Changes in operating assets and liabilities:      
Accounts receivable (2,550) 0 0
Non-cash investing and financing activities:      
Changes in accounts receivable, adoption of ASC606 2,550 0 0
Changes in deferred tax, adoption of ASC606 $ 678 $ 0 $ 0

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