Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net loss $ (5,110) $ (6,998)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,312 1,382
Amortization of deferred lease incentive (11) (11)
Deferred income tax expense 3 3
Provision for doubtful accounts 155 7
Reserve for note receivable 0 350
Provision for excess and slow moving inventory 0 23
Stock-based compensation expense (80) 491
Deferred rent (1) 2
Amortization of debt issuance and discount costs 190 204
Warrant modification expense 0 770
Change in fair value of warrant liability 19 (118)
Fair value adjustment of contingent consideration liability 0 35
Changes in operating assets and liabilities:    
Accounts receivable (941) (108)
Inventory (104) 48
Prepaid expenses and other assets 24 227
Accounts payable 1,234 (301)
Accrued expenses and other liabilities 855 (652)
Net Cash Used in Operating Activities (2,455) (4,646)
Investing Activities    
Purchase of improvements and equipment 0 (39)
Issuance of bridge loan 0 (350)
Proceeds from escrow 100 0
Net Cash Provided by (Used In) Investing Activities 100 (389)
Financing Activities    
Contingent purchase price payments 0 (675)
Net proceeds from bridge loan 1,712 0
Net proceeds from issuance of common stock 0 2,534
Payment of withholding taxes related to stock-based employee compensation (2) (54)
Net Cash Provided by Financing Activities 1,710 1,805
Net Decrease in Cash and Cash Equivalents (645) (3,230)
Cash and Cash Equivalents - Beginning of year 2,181 5,580
Cash and Cash Equivalents - End of year 1,536 2,350
Supplemental Disclosure of Cash Flows Information    
Cash paid during the period for: Interest 362 370
Non-cash investing and financing activities:    
Common stock issued for contingent purchase price payments $ 0 $ 675