Cash Flow

v3.19.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net loss $ (9,617) $ (15,877)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 493 888
Provision for excess and obsolete inventories 24 157
Changes in allowance for doubtful accounts 50 (109)
Loss on disposal of property and equipment 0 54
Gain on revaluation of warrant liabilities (1,615) (520)
Finance cost attributable to issuance of warrants 706 0
Stock-based compensation expense 1,193 1,294
Amortization of debt discount and accretion of final payment fee 55 84
Change in fair value of contingent liabilities 1 (17)
Common stock contribution to 401(k) plan 103 118
Loss on modification of warrants 257 0
Loss on foreign currency transactions 34 234
Changes in operating assets and liabilities:    
Accounts receivable (931) (678)
Inventories (260) (198)
Prepaid expenses, operating lease right-of-use assets, and other assets current and noncurrent (182) 757
Accounts payable (654) 210
Accrued and lease liabilities 102 215
Deferred revenues 533 584
Net cash used in operating activities (9,708) (12,804)
Investing activities:    
Acquisition of property and equipment (60) (31)
Net cash used in investing activities (60) (31)
Financing activities:    
Proceeds from issuance of common stock and warrants, net 16,325 0
Principal payments on note payable (1,185) (994)
Proceeds from exercise of stock options 228 0
Net cash provided by (used in) financing activities 15,368 (994)
Effect of exchange rate changes on cash 7 (94)
Net increase (decrease) in cash 5,607 (13,923)
Cash at beginning of period 7,655 27,813
Cash at end of period 13,262 13,890
Supplemental disclosure of cash flow activities    
Cash paid for interest 183 238
Cash paid for income taxes 8 0
Supplemental disclosure of non-cash activities    
Initial recognition of operating lease right-of-use assets 1,454  
Initial recognition of operating lease liabilities 1,498  
Transfer of inventory to (from) property and equipment (117) 684
Share issuance for common stock contribution to 401(k) plan 191 508
Share issuance for employee bonuses 919 230
Equipois sales earn-out $ 22 $ 28

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