Cash Flow

v3.19.3.a.u2
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities    
Net loss $ (12,132) $ (26,992)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 690 1,515
Provision for excess and obsolete inventories 66 191
Changes in allowance for doubtful accounts 52 (50)
Loss on disposal of property and equipment 0 126
Amortization of debt discount and accretion of final payment fee 92 152
Change in fair value of contingent liabilities (28) (35)
Common stock contribution to 401(k) plan 142 212
Stock-based compensation expense 2,255 2,868
Finance cost attributable to issuance of warrants 1,096 0
Gain on revaluation of warrant liabilities (6,376) (1,063)
Loss on modification of warrants 257 0
Unrealized loss on foreign currency transactions 133 381
Changes in operating assets and liabilities    
Accounts receivable (1,599) (850)
Inventories 893 (1,655)
Prepaid expense, operating lease right-of-use assets, and other assets, current and noncurrent 369 1,046
Accounts payable (1,231) 752
Accrued and lease liabilities (1,135) 559
Deferred revenues 684 678
Net cash used in operating activities (15,772) (22,165)
Investing activities    
Acquisition of property and equipment (60) (131)
Net cash used in investing activities (60) (131)
Financing activities    
Proceeds from issuance of common stock and warrants, net 21,188 4,446
Principal payments on notes payable (2,377) (2,174)
Proceeds from exercise of stock options 228 1
Net cash provided by financing activities 19,039 2,273
Effect of exchange rate changes on cash 10 (135)
Net (decrease) increase in cash 3,217 (20,158)
Cash at beginning of the period 7,655 27,813
Cash at end of the period 10,872 7,655
Supplemental disclosure of cash flow activities    
Cash paid for interest 309 457
Cash paid for income taxes 23 18
Supplemental disclosure of non-cash activities    
Initial recognition of operating right-of-use assets 1,454  
Initial recognition of operating lease liabilities 1,498  
Change in deferred rent associated with ASC 842 44  
Transfer of inventory to (from) property and equipment (77) 1,118
Share issuance for common stock contribution to 401(k) plan 191 508
Share issuance for employee bonuses 919 291
Share issuance for vesting of restricted stock 63 1
Equipois sales earn-out $ 22 $ 28

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