Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net loss $ (11,201) $ (2,510)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,761 2,085
Amortization of deferred lease incentive (23) (19)
Deferred income tax expense 6 6
Provision for doubtful accounts 75 31
Reserve for note receivable 350 0
Provision for excess and slow moving inventory 12 3
Stock-based compensation expense 918 3,080
Deferred rent 3 75
Amortization of debt issuance and discount costs 425 428
Warrant modification expense 803 0
Change in fair value of warrant liability (369) (662)
Fair value adjustment of contingent consideration liability 35 (8,730)
Gain on sale of assets 0 (3,311)
Changes in operating assets and liabilities:    
Accounts receivable (887) (560)
Inventory (93) (601)
Prepaid expenses and other assets 494 294
Accounts payable 56 (473)
Accrued expenses and other current liabilities (1,349) 413
Net Cash Used in Operating Activities (7,984) (10,451)
Investing Activities    
Purchase of improvements and equipment (79) (484)
Issuance of note (350) 0
Net Cash Used in Investing Activities (429) (484)
Financing Activities    
Contingent purchase price payments (675) (2,573)
Net proceeds from issuance of common stock 5,865 0
Payment of withholding taxes related to stock-based employee compensation (58) 0
Net Cash Provided by (Used in) Financing Activities 5,132 (2,573)
Net Decrease in Cash and Cash Equivalents (3,281) (13,508)
Cash and Cash Equivalents - Beginning of period 5,580 26,080
Cash and Cash Equivalents - End of period 2,299 12,572
Supplemental Disclosure of Cash Flows Information    
Interest 620 842
Non-cash investing and financing activities:    
2016 Accrued bonus awarded in equity 374 0
2015 Accrued bonus awarded in equity 0 474
Common stock issued for contingent purchase price payments $ 1,175 $ 2,574