Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net loss $ (6,998) $ (7,682)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,382 1,037
Amortization of deferred lease incentive (11) (8)
Deferred income tax expense 3 3
Provision for (recovery of) doubtful accounts 7 (80)
Reserve for note receivable 350 0
Provision for excess and slow moving inventory 23 0
Stock-based compensation expense 491 1,706
Deferred rent 2 0
Amortization of debt issuance and discount costs 204 198
Warrant modification expense 770 0
Change in fair value of warrant liability (118) (737)
Fair value adjustment of contingent consideration liability 35 362
Changes in operating assets and liabilities:    
Accounts receivable (108) 91
Inventory 48 (398)
Prepaid expenses and other assets 227 (129)
Accounts payable (301) (285)
Accrued expenses and other current liabilities (652) (224)
Net Cash Used in Operating Activities (4,646) (6,146)
Investing Activities    
Purchase of improvements and equipment (39) (362)
Issuance of note (350) 0
Net Cash Used in Investing Activities (389) (362)
Financing Activities    
Contingent purchase price payments (675) (2,573)
Net proceeds from issuance of common stock 2,534 0
Payment of withholding taxes related to stock-based employee compensation (54) 0
Net Cash Provided by (Used in) Financing Activities 1,805 (2,573)
Net Decrease in Cash and Cash Equivalents (3,230) (9,081)
Cash and Cash Equivalents - Beginning of period 5,580 26,080
Cash and Cash Equivalents - End of period 2,350 16,999
Supplemental Disclosure of Cash Flows Information    
Interest 370 421
Non-cash investing and financing activities:    
2015 Accrued bonus awarded in equity 0 474
Common stock issued for contingent purchase price payments $ 675 $ 2,574