AUDIOEYE INC AEYE Cash Flow

Audioeye inc (AEYE)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Jun'12	Mar'12
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss
-1,664,000	-1,426,594	-2,195,243	-2,020,434	-2,141,000	-1,429,700	-1,333,036	-1,094,527	-1,162,611	-2,769,137	183,421	-2,218,927	-803,196	-849,050	-707,064	-3,511,640	-4,510,876	-748,843	-578,543	-2,859,953	-3,021,806	-3,215,105	-2,469,516	-1,895,828	-2,170,364	-1,085,830	-870,810	-529,900	-396,086	-201,609	-225,612
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
201,000	188,037	185,376	176,108	173,000	157,097	129,161	137,412	127,665	101,691	143,661	147,921	145,488	141,546	150,328	139,835	138,538	137,951	128,381	133,944	133,944	68,055	132,104	116,577	99,273	90,279	89,946	89,596	89,593	-1,807	3,455
Amortization of debt discounts
-	-	-	-	-	-	6,939	15,517	9,974	-	-	-	-	0	0	554,160	46,141	26,992	0	0	0	0	0	0	1,155	-	-	-	-	-	-
Option, warrant, restricted stock unit and performance stock unit expense
256,000	219,040	273,215	275,153	449,000	95,078	92,418	270,722	367,303	874,515	304,789	359,852	211,464	172,643	224,710	472,514	215,778	-124,710	-299,811	940,477	559,793	305,452	311,149	378,260	849,148	648,109	339,661	83,602	169,756	0	0
Noncash operating lease expense
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivative liabilities
-	-	-	-	-	-	-	-	-	-286,882	1,086,044	-1,264,962	310,773	231,608	351,055	70,908	-3,412,059	187,932	0	0	0	-	-	-	-	-	-	-	-	-	-
Amortization of deferred commission
56,000	-	-	-	51,000	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
55,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized loss on marketable securities
-	-	-	-	-	-210	-1,680	1,422	228	-450	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,000	0	-9,000	-4,500	25,500
Noncash operating lease expense
51,000	50,436	46,972	73,738	43,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock issued for services
-	-	-	-	-	-	-	-	-	0	0	7,126	17,875	15,834	19,000	28,458	0	2,154	15,475	349,834	314,663	-	-	-	-	-	-	-	-	-	-
Change in fair value of warrant liability
-28,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-453,000	1,755,919	729,694	322,322	138,000	-59,413	-25,936	120,404	31,512	36,160	-181,453	196,713	12,954	24,146	-5,789	7,006	-3,459	-26,273	33,432	-8,336	-237,758	29,878	-138,824	-680,196	649,841	498,647	106,659	991	-3,256	2,397	11,877
Unbilled receivables
323,000	-	-	-	-22,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred costs
46,000	38,494	123,054	71,738	65,000	91,884	134,818	35,997	30,327	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,500	1,125	-57,000	1,125	-	-	-	-	875	750
Other current assets
-	-	-	-	-	22,914	-41,587	20,091	-18,923	34,396	8,523	10,798	-5,871	-38,268	16,440	0	0	-37,650	-36,032	-24,331	48,713	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
36,000	-	-	-	79,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98,935	19,295	49,643	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,271
Accounts payable and accruals
1,262,000	302,562	-28,369	357,954	247,000	-143,500	153,000	28,082	-25,954	23,971	-43,247	-152,790	11,853	-21,700	80,119	34,980	58,459	-48,529	-289,815	46,236	-274,164	305,083	-609,310	-102,051	791,153	-93,601	143,354	-66,568	70,071	58,521	-28,782
Operating lease liabilities
50,000	317,165	-21,417	-159,738	43,000	5,900	-642	-521	-1,344	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-241,000	-	-	-	-144,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Billing in excess of costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-79,059	185,195	6,451	11,321	-	-	-	-	-	-
Deferred rent
-	-	-	-	-	-	-	-	-	-1,066	503	385	385	-14,657	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	323,048	140,464	165,378	216,326	395,606	69,959	-27,597	-2,367	266,153	89,506	-	-	-	-	-	-	-	-	-	-	-	-	50,711	13,370
Related party payables
-	-	-	-	-	0	0	0	-9,068	6,000	0	-51,750	51,750	90,291	-44,792	-76,174	-17,764	150,974	2,500	-137,575	-91,408	228,983	-87,000	0	-156,424	-	-	-	-	47,308	79,615
Net cash used in operating activities
-54,000	-1,293,778	-1,404,991	-1,292,072	-1,625,000	-392,295	-156,663	-498,181	-596,715	-501,161	-100,242	-408,268	-613,048	-	-	-	-	-	-	-	-	-	-2,104,907	-381,470	-1,275,347	-721,965	-297,256	-314,373	-64,790	-42,377	-199,352
CASH FLOWS FROM INVESTING ACTIVITIES:
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	228,983	-	-	-	-	-	248	44,195	10,380	-	-
Net cash (used in) operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-504,447	-564,700	-669,676	-1,029,067	-1,356,795	-2,418,916	-	-	-	-	-	-	-	-	-	-
Purchase of equipment
-	-	-	-	-	0	0	0	10,893	18,263	6,649	10,519	5,736	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for intellectual property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,905	36,067	-44,467	58,506	0	29,650	-508,574	135,900	307,235	113,476	-	-	-	-	-	-
Software development costs
124,000	169,834	40,094	37,279	60,000	95,957	135,336	97,772	75,825	148,961	183,871	0	50,970	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-124,000	-179,970	-40,093	-83,083	-60,000	-105,957	-135,336	-97,772	-86,718	-167,224	-190,520	-10,519	-56,706	-	-	-	-	-	-	-	-	-	-135,900	-307,235	-113,476	-	-	-	-	-	-
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of common stock and warrants for cash
-	-	-	-	-	-	-	-	-	1,500,000	0	0	50,000	550,000	0	1,579,082	0	0	0	0	325,000	1,377,000	410,000	714,152	181,537	-	-	-	-	-	-
Repayments of notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-6,000	-	-6,000	-6,000	-6,000	-6,000	-6,000	-8,000	-8,000	-	-8,000	-4,000	-160,000	-	-6,000	-6,000	-206,000	-	0
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,573,082	-6,000	2,493,998	-5,999	1,742,000	1,535,942	-	-	-	-	-	-	-	-	-	-
Issuance of convertible note payable-related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	352,500	-	244,000
Collection of stock subscription receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,175,000	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of options and warrants
-	-	-	-	42,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	1	0	43,942	119,449	3,511,521	0	13,000	-	-	-	-	-	-
Net cash (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,905	-36,067	-188,975	-58,506	0	-29,650	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of options
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of finance leases
9,000	17,991	10,391	9,662	9,000	6,589	6,141	1,454	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-9,000	-17,991	2,104,527	90,062	33,000	149,136	5,703,074	-1,454	0	1,066,700	1,444,000	44,000	44,000	-	-	-	-	-	-	-	-	-	3,878,521	710,152	34,537	2,497,186	180,634	420,900	146,500	334,000	244,000
Net decrease in cash
-187,000	-1,491,739	659,443	-1,285,093	-1,652,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash
-	-	-	-	-	-	-	-	-683,433	398,315	1,153,238	-374,787	-625,754	-85,095	-649,707	1,063,730	-606,767	1,635,347	-1,093,572	385,205	-912,624	-478,978	1,637,714	21,447	-1,354,286	1,773,569	-120,246	100,261	81,710	121,105	44,648
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid
1,000	1,519	1,528	1,798	1,000	2,164	1,072	255	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	4,260	0	0	307	3,857	0	3,786	3,658	-12,754	0	0	24,967	0	0
Income taxes paid
-	-	-	-	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Non cash investing and financing activities:
Common stock issued in settlement of convertible notes payable and accrued interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	16,359	1,692,932	0	0
Restricted stock units issued in payment of accrued compensation
-	-	-	-	-	-	-	-	-	0	0	-43,750	58,333	72,917	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Patents capitalized in accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,837	-	3,470
Accounts payable converted into debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	30,000	0	0
Warrants issued for accrued salary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71,250	173,083	829,418	0	0
Common stock issued for cashless exercise of warrants and options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,659,291	100,000	191,339	-241,339	0	0
Equipment acquired through finance leases
-	0	20,695	20,657	20,000	17,642	17,196	60,668	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassify fair value of warrant liabilities to equity upon adoption of ASU 2017-11
-	-	-	-	-	-	0	0	2,984,010	0	0	0	6,062	61,991	0	218,786	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Accounting Standards Update 2016-02 [Member]
Right of use assets and operating lease obligations recognized upon adoption of ASU 2016-02
-	-	0	268	568,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-