Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (54,151,000) $ (30,678,000)
Less: net loss from discontinued operations 17,342,000 2,135,000
Net loss from continuing operations (36,809,000) (28,543,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Bad debt expense 650,000 319,000
Cancellation of shares issued 0 (58,000)
Gain on sale of assets (35,000) (893,000)
Amortization of debt discount 845,000 7,211,000
Depreciation and amortization 5,062,000 4,684,000
Operating lease expense 680,000 578,000
Stock based compensation 1,672,000 3,904,000
Impairment loss 19,910,000 681,000
Loss on revaluation of equity interests 0 1,067,000
Other 0 (178,000)
Change in operating assets and liabilities:    
Accounts receivable 292,000 (550,000)
Inventory (518,000) (2,934,000)
Prepaid expenses and other current assets 218,000 174,000
Other assets (1,024,000) 1,354,000
Accounts payable and accrued expenses 1,567,000 4,787,000
Operating lease liabilities (380,000) (2,137,000)
Net cash provided by / (used in) operating activities - continuing operations (7,870,000) (10,532,000)
Net cash provided by / (used in) operating activities - discontinued operations (5,020,000) (910,000)
NET CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES (12,890,000) (11,443,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, equipment and leasehold improvements (46,000) (1,208,000)
Purchase of equity investment 243,000 (409,000)
Cash outflow for loans (250,000) (450,000)
Cash from acquisitions 57,000 127,000
Proceeds from sales of assets 35,000 1,240,000
Net cash provided by / (used in) investing activities - continuing operations 39,000 (700,000)
Net cash provided by / (used in) investing activities - discontinued operations 11,189,000 516,000
NET CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES 11,228,000 (184,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of notes payable 2,954,000 11,000,000
Payments of debt principal (430,000) (2,000,000)
Cash paid for debt discount (8,000) (150,000)
Proceeds from issuance of common stock 250,000 4,500,000
Cash contribution from non-controlling interest 152,000 0
Cash paid for acquisition of non-controlling interest 0 (6,250,000)
Cash distribution to non-controlling interest (145,000) 0
Purchase of treasury stock 0 (808,000)
Net cash provided by / (used in) financing activities - continuing operations 2,773,000 6,292,000
Net cash provided by / (used in) financing activities - discontinued operations 0 0
NET CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES 2,773,000 6,292,000
NET CHANGE IN CASH 1,112,000 (5,335,000)
Cash at beginning of period 1,226,000 7,193,000
CASH AT END OF PERIOD 2,338,000 1,858,000
SUPPLEMENTAL DISCLOSURE FOR OPERATING ACTIVITIES:    
Cash paid for interest 892,000 1,352,000
SUPPLEMENTAL DISCLOSURE FOR NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Debt principal and accrued interest converted into common stock 2,252,000 12,450,000
Stock Issued for the acquisition of OneQor 9,304,000 0
Fixed assets in accounts payable 792,000 0
Non-cash contribution from non-controlling interest 25,000 702,000
Consolidation of Joint Venture Net Assets 0 11,957,000
Financing Fees in Accounts Payable 0 145,000
Warrants issued for debt discount 0 228,000
Beneficial Conversion Feature $ 0 $ 5,633,000