Annual report pursuant to Section 13 and 15(d)

Note 19 - Supplemental Disclosure for Statements of Cash Flows

v3.21.1
Note 19 - Supplemental Disclosure for Statements of Cash Flows
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Cash Flow, Supplemental Disclosures [Text Block]
19.
Supplemental Disclosure for Statements of Cash Flows
 
We paid interest aggregating
$6,000
and
$8,000
in
2020
and
2019,
respectively. In
February 2020,
the Company amended its existing office lease and recognized a right-of-use lease asset in exchange for a lease liability of
$100,432.
On
January 1, 2019,
we adopted ASU
2016
-
02,
Leases (Topic
842
),
which resulted in the recognition of operating lease right-of-use assets and related lease liabilities of approximately
$407,000
on the consolidated balance sheet related to our leases that were previously classified as operating leases. During
2020,
we issued
94,159
shares of our common stock valued at
$172,000
to our employees as partial payment in lieu of cash for their
2019
bonuses. During
2020
and
2019,
we issued
32,651
and
8,128
shares of Common Stock, respectively, as matching contributions to our
401
(k) Plan which were valued at
$40,000
and
$20,000,
respectively. In
November 2020,
we prepaid
$442,000
of insurance premiums through the issuance of a note payable to IPFS with an interest rate of
3.5%.
In
November 2019,
we prepaid
$349,000
of insurance premiums through the issuance of a note payable to FIF with an interest rate of
5.0%.
During
2020,
411,000
Series OO warrants to purchase the Company's common stock were exercised on a cashless basis in exchange for issuance of
300,595
shares of Navidea Common Stock. During
2020,
the Company recorded a deemed dividend of approximately
$467,000
related to the BCF on
420,000
shares of Series C Preferred Stock, and
420,000
shares of Series C Preferred Stock were converted into
1,425,076
shares of Common Stock. Also during
2020,
the Company recorded a deemed dividend of approximately
$197,000
related to the BCF on
17,750
shares of Series D Preferred Stock, and
17,750
shares of Series D Preferred Stock were converted into
827,280
shares of Common Stock.