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, 2018
Dec. 31, 2017
Operating Activities    
Net loss $ (8,417) $ (25,707)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,881 5,415
Amortization of deferred lease incentive (21) (45)
Loss on disposal of property and equipment 89 2
Impairment charges 0 10,300
Deferred income tax expense 0 (743)
Provision for doubtful accounts 13 122
Reserve for note receivable 0 (650)
(Recovery) Provision for excess and slow moving inventory (8) 68
Stock-based compensation expense 1,004 2,020
Deferred rent 2 2
Accrued interest receivable 0 0
Amortization of debt issuance and discount costs 254 824
Loss on early extinguishment of debt 1,706 182
Warrant modification expense 0 803
Change in fair value of warrant liability 26 (692)
Fair value adjustment of contingent consideration liability 0 35
Gain on sale of assets (5,488) (1,696)
Changes in operating assets and liabilities:    
Accounts receivable 3,153 (621)
Inventory (120) 792
Prepaid expenses and other assets (31) 550
Accounts payable (1,354) (1,004)
Accrued expenses and other liabilities (2,399) (629)
Net Cash Used in Operating Activities (9,710) (10,672)
Investing Activities    
Proceeds from sale of assets 29,000 3,411
Purchase of improvements and equipment 0 (179)
Issuance of bridge loan 0 (350)
Release of escrow deposit 300 0
Proceeds from bridge loan 0 1,000
Net Cash Provided by Investing Activities 29,300 3,882
Financing Activities    
Contingent purchase price payments 0 (675)
Net proceeds from bridge loan 1,712 0
Repayment of long-term debt (14,135) (1,618)
Fees paid on early extinguishment of debt (466) (32)
Net proceeds from issuance of common stock 0 5,849
Payment of withholding taxes related to stock-based employee compensation (2) (133)
Net Cash (Used In) Provided by Financing Activities (12,891) 3,391
Net Increase (Decrease) in Cash and Cash Equivalents 6,699 (3,399)
Cash and Cash Equivalents - Beginning of year 2,181 5,580
Cash and Cash Equivalents - End of year 8,880 2,181
Supplemental Disclosure of Cash Flows Information    
Interest 362 1,008
Taxes 480 0
Non-cash investing and financing activities:    
2016 Accrued bonus awarded in equity 0 374
Common stock issued for contingent purchase price payments $ 0 $ 1,175