Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (141,349) $ (7,193)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 60  
Loss on goodwill impairment 77,592  
Gain on Series A convertible preferred stock exchange feature (2,209)  
Share-based compensation 17,770 3,500
Share-based payments 17,596  
Changes in operating assets and liabilities:    
Accounts receivable 18  
Accounts receivable due from related parties (1,593) (354)
Prepaid expenses and other current assets (553)  
Accounts payable and accrued liabilities (8,517) 3,355
Other, net (504)  
Net cash used in operating activities (41,689) (692)
Cash flows from investing activities:    
Cash received in acquisition 56  
Purchase of property-land   (9,039)
Purchase of property and equipment (573)  
Proceeds from sale of investment securities 266  
Net cash used in investing activities (251) (9,039)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net 207,365 30,308
Net cash provided by financing activities 207,365 30,308
Net increase (decrease) in cash and cash equivalents 165,425 20,577
Cash and cash equivalents, beginning of period 21,398  
Cash and cash equivalents, end of period $ 186,823 20,577
Predecessor [Member]    
Cash flows from operating activities:    
Net loss   (481)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense   11
Changes in operating assets and liabilities:    
Accounts receivable   1
Accounts receivable due from related parties   (824)
Prepaid expenses and other current assets   5
Accounts payable and accrued liabilities   124
Accounts payable due to related parties   1,063
Other, net   (1)
Net cash used in operating activities   (102)
Cash flows from investing activities:    
Purchase of property and equipment   (175)
Net cash used in investing activities   (175)
Cash flows from financing activities:    
Net increase (decrease) in cash and cash equivalents   (277)
Cash and cash equivalents, beginning of period   589
Cash and cash equivalents, end of period   $ 312