Cash Flow

v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net loss $ (9,411) $ (22,860)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 519 1,174
Provision for excess and obsolete inventories 29 161
Changes in allowance for doubtful accounts 63 (119)
Loss on disposal of property and equipment 0 126
(Gain) loss on revaluation of warrant liabilities (6,045) 162
Finance cost attributable to issuance of warrants 706 0
Stock-based compensation expense 1,680 2,232
Amortization of debt discount and accretion of final payment fee 75 119
Change in fair value of contingent liabilities (19) (13)
Common stock contribution to 401(k) plan 113 156
Loss on modification of warrants 257 0
Loss on foreign currency transactions 384 291
Changes in operating assets and liabilities:    
Accounts receivable (1,608) (109)
Inventories 195 (1,254)
Prepaid expenses, operating lease right-of-use assets, and other assets current and noncurrent 95 831
Accounts payable (1,772) 1,058
Accrued and lease liabilities (185) 477
Deferred revenues 647 557
Net cash used in operating activities (14,277) (17,011)
Investing activities:    
Acquisition of property and equipment (60) (51)
Net cash used in investing activities (60) (51)
Financing activities:    
Proceeds from issuance of common stock and warrants, net 16,325 3,961
Principal payments on note payable (1,783) (1,585)
Proceeds from exercise of stock options 228 1
Net cash provided by financing activities 14,770 2,377
Effect of exchange rate changes on cash (30) (133)
Net increase (decrease) in cash 403 (14,818)
Cash at beginning of period 7,655 27,813
Cash at end of period 8,058 12,995
Supplemental disclosure of cash flow activities    
Cash paid for interest 255 350
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 (195) 757
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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