v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities      
Net Income (Loss) $ 22,811 $ 350 $ (12,602)
Adjustments to reconcile net gain (loss) to net cash provided by (used in) operating activities      
Return on investment 0 0 (1,271)
Depreciation and amortization 815 63 50
Loss on disposal of assets 0 0 34
Change in fair value of warrant liability (2,217) 0 0
Deferred income taxes (6,201) 0 0
Stock-based compensation expense 843 872 766
Changes in operating assets and liabilities:      
Accounts receivable (1,540) (1,066) 2,016
Prepaid expenses and other assets (152) 34 (535)
Accrued expenses (529) 1,382 (350)
Accounts payable 2,788 (362) 545
Accounts payable - related parties 24 71 (83)
Accrued income taxes 10 (6) 9
Other liabilities (66) (10) 162
Net Cash Provided by (used in) Operating Activities 16,586 1,328 (11,259)
Cash Flows From Investing Activities      
Purchase of intangible assets (2,000) 0 0
Purchases of additional investment 0 (550) (750)
Proceeds from investment 0 0 826
Distribution from investment 127 0 0
Purchase of property and equipment 0 (9) (275)
Net Cash Used in Investing Activities (1,873) (559) (199)
Cash Flows From Financing Activities      
Redemption of Series A Preferred shares (13,778) (2,793) 0
Proceeds from Common share offering, net of issuance costs 11,952 0 0
Proceeds from exercise of stock options 229 111 54
Net Cash Provided by Financing Activities 12,778 6,808 54
Net Increase (Decrease in) Cash and Cash Equivalents 27,491 7,577 (11,404)
Cash and Cash Equivalents - Beginning 13,678 6,101 17,505
Cash and Cash Equivalents - Ending 41,169 13,678 6,101
Supplemental Disclosures of Cash Flow Information:      
Cash paid during the year for income taxes 30 0 7
Non-cash investing and financing activities:      
Distribution of investment held by investee 0 0 445
Series A-1 warrant liability 3,313 0 0
Patent purchase in exchange for payable 6,500 0 0
Series A Preferred Stock      
Cash Flows From Financing Activities      
Proceeds from the sale of Series Preferred shares, net of issuance costs 0 9,490 0
Non-cash investing and financing activities:      
Accretion of Preferred Stock 292 6,789 0
Series A-1 Preferred Stock      
Cash Flows From Financing Activities      
Proceeds from the sale of Series Preferred shares, net of issuance costs 14,375 0 0
Non-cash investing and financing activities:      
Accretion of Preferred Stock $ 4,590 $ 0 $ 0

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