Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net Loss $ (73,934) $ (37,511)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation expense 831 543
Amortization of intangible asset 1,388 819
Amortization of debt discount 481 702
Amortization of product revenue license fee 266 267
Amortization of forgivable loans to registered representatives 310 362
Amortization of deferred clearing credit (105) (104)
Stock-based compensation expense 8,623 7,736
Recovery of doubtful accounts (46) (256)
Common shares issuable for 2017 Subordinated Note Financing interest expense 978 189
Common shares issuable for Opus interest expense 287 0
Change in fair value of investments 825 511
Change in fair value of derivative liabilities 7,931 (5,794)
Change in fair value of subsidiary convertible note (110) 285
Research and development - licenses acquired, expense 98 3,095
Change in fair value of subsidiaries’ assets and liabilities 10 10
Increase (decrease) in cash and cash equivalents resulting from changes in operating assets and liabilities:    
Accounts receivable 2,437 (1,506)
Receivables from broker-dealers and clearing organizations (4,017) 544
Forgivable loans receivable (292) (47)
Securities owned, at fair value (1,827) (1,049)
Inventory (128) (96)
Other receivables - related party (157) 185
Prepaid expenses and other current assets (1,213) (2,590)
Accounts payable and accrued expenses 1,154 (1,721)
Accounts payable and accrued expenses - related party (99) 24
Securities sold, but not yet purchased, at fair value (143) (221)
Deferred revenue 650 0
Interest payable 256 3
Interest payable - related party (3) 259
Other long-term liabilities 248 2
Net cash used in operating activities (55,301) (35,359)
Cash Flows from Investing Activities:    
Purchase of research and development licenses (75) (665)
Purchase of property and equipment (4,663) (454)
Purchase of short-term investment (certificates of deposit) (35,000) (20,038)
Redemption of short-term investment (certificates of deposit) 36,002 0
Security deposits collected (343) 0
Security deposits refund 0 3
Acquisition of business - National (187) (19)
Acquisition of intangible assets - National (45) 0
Collection on notes receivable 47 8
Net cash used in investing activities (4,264) (21,165)
Cash Flows from Financing Activities:    
Inter-company costs related to the issuance of Series A preferred stock 1,297 0
Payment of Preferred A dividends (1,172) 0
Proceeds from at-the-market offering 4,070 0
Payment of cost related to at-the-market offering (141) 0
Proceeds from subsidiaries' offering 23,011 93,853
Payment of costs related to subsidiaries' offering (354) (862)
Proceeds from exercise of subsidiary’s warrants 181 0
Proceeds from exercise of stock options 0 27
Proceeds from issuance of common stock under ESPP 128 42
Repurchase of NHLD common stock for tax withholding (82) 0
Proceeds from NSC Note 0 18,967
Payment of debt issuance costs associated with NSC Note 0 (1,939)
Payment of debt issuance costs associated with 2017 Subordinated Note Financing (404) 0
Proceeds from Opus Credit Facility 0 2,500
Proceeds from 2018 Venture Notes 21,707 0
Payment of debt issue costs associated with 2018 Venture Notes (127) 0
Payment of debt issuance costs associated with subsidiaries’ Convertible Note 0 (4)
Payment of subsidiaries’ Convertible Note (4,076) 0
Net cash provided by financing activities 44,038 112,584
Net (decrease) increase in cash and cash equivalents, cash deposits with clearing organizations and restricted cash (15,527) 56,060
Cash and cash equivalents, cash deposits with clearing organizations and restricted cash at beginning of period 132,343 105,184
Cash and cash equivalents, cash deposits with clearing organizations and restricted cash at end of period 116,816 161,244
Supplemental disclosure of cash flow information:    
Cash paid for interest 5 8
Supplemental disclosure of non-cash financing and investing activities:    
Issuance of restricted stock 2 1
Issuance of warrants by subsidiary in conjunction with NSC debt 0 750
Issuance of warrants in conjunction with 2017 Subordinated Note Financing 0 1,197
Debt discount related to Opus Credit Facility 0 201
Unpaid debt offering cost 5 79
Conversion of subsidiaries notes payable 0 314
Common shares issuable for license acquired 0 1,682
Common shares issued for NHLD interest expense 990 0
Fixed assets (acquired but not paid) 818 0
Business acquired:    
Business acquired 187 19
Reclassification of warrant liability from debt to equity 13,615 0
National [Member]    
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,819 58
Cash paid for income taxes 630 576
Supplemental disclosure of non-cash financing and investing activities:    
Fixed assets (acquired but not paid) 0 42
Related Party [Member]    
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 281 $ 0