Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net loss $ (11,849) $ (9,411)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 465 519
Provision for excess and obsolete inventories 101 29
Changes in allowance for doubtful accounts 43 63
Loss of impairment of goodwill 189 0
Loss (gain) on revaluation of warrant liabilities 1,579 (6,045)
Finance cost attributable to issuance of warrants 329 706
Stock-based compensation expense 1,612 1,680
Amortization of debt discount, change in contingent liability and accretion of final payment fee 27 56
Gain on modification of operating lease liabilities (38) 0
Loss on investment of unconsolidated affiliate 66 0
Common stock contribution to 401(k) plan 155 113
Loss on modification of warrants 0 257
Unrealized (gain) loss on foreign currency transactions (424) 384
Changes in operating assets and liabilities:    
Accounts receivable 715 (1,608)
Inventories 368 195
Prepaid expenses, operating lease right-of-use assets, and other assets current and noncurrent 169 95
Accounts payable (90) (1,772)
Accrued and lease liabilities (409) (185)
Deferred revenues (23) 647
Net cash used in operating activities (7,015) (14,277)
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 (1,278) (1,783)
Payment of remaining balance of long-term debt (1,512) 0
Proceeds from issuance of long-term debt, net 3,078 0
Proceeds from exercise of warrants, net 3,334 0
Proceeds from exercise of stock options 0 228
Net cash provided by financing activities 10,704 14,770
Effect of exchange rate changes on cash (12) (30)
Net increase in cash 3,677 403
Cash at beginning of period 10,872 7,655
Cash at end of period 14,549 8,058
Supplemental disclosure of cash flow activities    
Cash paid for interest 86 255
Cash paid for income taxes 6 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 (160) (195)
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