v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 28,638 $ 8,883
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,300 257
Change in fair value of warrant liability 3,445 (1,530)
Stock-based compensation 1,224 641
Changes in operating assets and liabilities:    
Accounts receivable 1,306 1,066
Prepaid expenses and other current assets (2,267) (252)
Other assets 2,738 0
Accounts payable (2,012) 973
Accrued expenses (320) (1,328)
Other liabilities (496) 102
Net cash provided by operating activities 33,556 8,812
Cash flows from investing activities:    
Purchase of patents (1,000) (2,000)
Purchase of fund investment (900) 0
Proceeds from fund investment 0 127
Net cash used in investing activities (1,900) (1,873)
Cash flows from financing activities:    
Repurchase of Finjan Holdings shares (2,024) 0
Proceeds from common share offering, net of issuance costs 0 11,951
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 231 229
Net cash provided by (used in) financing activities (21,683) 12,778
Net increase in cash and cash equivalents 9,973 19,717
Cash and cash equivalents - beginning 41,169 13,678
Cash and cash equivalents - ending 51,142 33,395
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 10,700 0
Supplemental disclosures of cash flow information, non cash:    
Series A-1 warrant liability 0 3,313
Patent purchase in exchange for payable 0 6,500
Changes in accounts receivable, adoption of ASC-606 (see NOTE 1) (1,306) (1,066)
Reclassification of warrant liability to equity 4,541 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
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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