Cash Flow

v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net loss $ (6,551) $ (7,901)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 247 428
Inventory allowance expense 19 130
Changes in allowance for doubtful accounts 55 (16)
Change in fair value of warrant liability 1,122 (732)
Stock-based compensation expense 636 892
Amortization of debt discount and accretion of final payment fee 28 43
Change in fair value of contingent liabilities 1 (19)
Common stock contribution to 401(k) plan 55 56
Loss on modification of warrants 257 0
Loss (gain) on foreign currency transactions 152 (153)
Changes in operating assets and liabilities:    
Accounts receivable (188) (798)
Inventories (154) (286)
Prepaid expenses, operating lease right-of-use assets, and other assets current and noncurrent (142) 379
Accounts payable (660) 1,011
Accrued and lease liabilities (167) 80
Deferred revenues 113 141
Net cash used in operating activities (5,177) (6,745)
Investing activities:    
Acquisition of property and equipment (7) (31)
Net cash used in investing activities (7) (31)
Financing activities:    
Proceeds from issuance of common stock, net 7,305 0
Principal payments on note payable (591) (399)
Proceeds from exercise of stock options 55 0
Net cash provided by (used in) financing activities 6,769 (399)
Effect of exchange rate changes on cash (4) (66)
Net increase (decrease) in cash 1,581 (7,241)
Cash at beginning of period 7,655 27,813
Cash at end of period 9,236 20,572
Supplemental disclosure of cash flow activities    
Cash paid for interest 96 119
Cash paid for income taxes 0 16
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 property and equipment 206 348
Share issuance for common stock contribution to 401(k) plan 191 508
Share issuance for employee bonuses 0 190
Equipois sales earn-out $ 22 $ 28

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