Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating Activities    
Net loss $ (25,707) $ (28,243)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,415 4,162
Amortization of deferred lease incentive (45) (42)
Lease incentive 0 267
Impairment charges 10,300 10,895
Deferred income tax expense (743) (715)
Provision for doubtful accounts 122 38
Reserve for note receivable (650) 1,020
Provision for excess and slow moving inventory 68 (58)
Stock-based compensation expense 2,020 4,863
Deferred rent 2 84
Accrued interest receivable 0 (19)
Amortization of debt issuance and discount costs 824 841
Loss on early extinguishment of debt 182 321
Warrant modification expense 803 0
Change in fair value of warrant liability (692) (841)
Fair value adjustment of contingent consideration liability 35 (10,065)
Gain on sale of assets (1,696) (3,311)
Changes in operating assets and liabilities:    
Accounts receivable (621) (281)
Inventory 792 (112)
Prepaid expenses and other assets 550 207
Accounts payable (1,004) (26)
Accrued expenses and other current liabilities (627) 2,680
Net Cash Used in Operating Activities (10,672) (18,335)
Investing Activities    
Proceeds from sale of assets 3,411 4,103
Purchase of improvements and equipment (179) (893)
Issuance of bridge loan (350) (1,000)
Proceeds from bridge loan 1,000 0
Net Cash Provided by Investing Activities 3,882 2,210
Financing Activities    
Contingent purchase price payments (675) (2,573)
Repayment of long-term debt (1,618) (1,748)
Loss on early extinguishment of debt (32) (52)
Net proceeds from issuance of common stock 5,849 0
Payment of withholding taxes related to stock-based employee compensation (133) (2)
Net Cash Provided by (Used in) Financing Activities 3,391 (4,375)
Net Decrease in Cash and Cash Equivalents (3,399) (20,500)
Cash and Cash Equivalents - Beginning of year 5,580 26,080
Cash and Cash Equivalents - End of year 2,181 5,580
Supplemental Disclosure of Cash Flows Information    
Interest 1,008 1,599
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 $ 2,573