Cash Flow

v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net loss $ (14,301) $ (9,617)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 320 493
Provision for excess and obsolete inventories 47 24
Changes in allowance for doubtful accounts 47 50
Loss (gain) on revaluation of warrant liabilities 6,055 (1,615)
Finance cost attributable to issuance of warrants 329 706
Stock-based compensation expense 1,095 1,193
Amortization of debt discount and accretion of final payment fee 23 55
Gain on modification of operating lease liabilities (38) 0
Loss on investment of unconsolidated affiliate 66 0
Common stock contribution to 401(k) plan 99 103
Loss on modification of warrants 0 257
Unrealized loss on foreign currency transactions 7 34
Changes in operating assets and liabilities:    
Accounts receivable 1,420 (931)
Inventories 147 (260)
Prepaid expenses, operating lease right-of-use assets, and other assets current and noncurrent (84) (182)
Accounts payable (1) (654)
Accrued and lease liabilities (746) 103
Deferred revenues (230) 533
Net cash used in operating activities (5,745) (9,708)
Investing activities:    
Acquisition of property and equipment 0 (60)
Net cash used in investing activities 0 (60)
Financing activities:    
Proceeds from issuance of common stock and warrants, net 7,082 16,325
Principal payments on note payable (793) (1,185)
Proceeds from issuance of long-term debt 1,086 0
Proceeds from exercise of warrants, net 785 0
Proceeds from exercise of stock options 0 228
Net cash provided by financing activities 8,160 15,368
Effect of exchange rate changes on cash (27) 7
Net increase in cash 2,388 5,607
Cash at beginning of period 10,872 7,655
Cash at end of period 13,260 13,262
Supplemental disclosure of cash flow activities    
Cash paid for interest 61 183
Cash paid for income taxes 0 8
Supplemental disclosure of non-cash activities    
Initial recognition of operating lease right-of-use assets 0 1,454
Initial recognition of operating lease liabilities 0 1,498
Transfer of inventory to property and equipment (89) (117)
Share issuance for common stock contribution to 401(k) plan 155 191
Share issuance in lieu of cash compensation 50 919
Equipois sales earn-out $ 0 $ 22

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