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
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net loss $ (6,370) $ (11,201)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,714 2,761
Amortization of deferred lease incentive (16) (23)
Deferred income tax expense 0 6
Provision for doubtful accounts 497 75
Reserve for note receivable 0 350
Provision for excess and slow moving inventory (8) 12
Stock-based compensation expense 980 918
Deferred rent 2 3
Amortization of debt issuance and discount costs 254 425
Loss on early extinguishment of debt 1,706 0
Warrant modification expense 0 803
Change in fair value of warrant liability 34 (369)
Fair value adjustment of contingent consideration liability 0 35
Gain on sale of assets (5,521) 0
Changes in operating assets and liabilities:    
Accounts receivable 1,297 (887)
Inventory (159) (93)
Prepaid expenses and other assets 15 494
Accounts payable 525 56
Accrued expenses and other liabilities (2,408) (1,349)
Net Cash Used in Operating Activities (7,458) (7,984)
Investing Activities    
Proceeds from sale of assets 29,000 0
Purchase of improvements and equipment 89 (79)
Issuance of bridge loan 0 (350)
Release of escrow deposit 100 0
Net Cash Provided by (Used In) Investing Activities 29,189 (429)
Financing Activities    
Contingent purchase price payments 0 (675)
Net proceeds from bridge loan 1,712 0
Repayment of long-term debt (14,135) 0
Fees paid on early extinguishment of debt (466) 0
Net proceeds from issuance of common stock 0 5,865
Payment of withholding taxes related to stock-based employee compensation (2) (58)
Net Cash Provided by (Used In) Financing Activities (12,891) 5,132
Net Increease (Decrease) in Cash and Cash Equivalents 8,840 (3,281)
Cash and Cash Equivalents - Beginning of period 2,181 5,580
Cash and Cash Equivalents - End of period 11,021 2,299
Supplemental Disclosure of Cash Flows Information    
Interest 362 620
Non-cash investing and financing activities:    
2016 Accrued bonus awarded in equity 0 374
2015 Accrued bonus awarded in equity 0 0
Common stock issued for contingent purchase price payments $ 0 $ 1,175