Avinger Inc AVGR Cash Flow

Avinger inc (AVGR)

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
Cash flows from operating activities
Net loss
-5,851	-5,121	-4,623	-4,651	-5,055	-6,090	-5,388	-5,799	-10,281	-10,150	-10,443	-12,799	-15,340	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,167	-	-13,251	-10,220	-10,417	-	-8,780	-7,078	-7,971
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
225	236	226	228	200	546	217	241	277	314	308	426	428	411	403	356	336	339	322	322	317	319	345	381	406
Amortization of debt issuance costs and debt discount
43	42	43	43	43	30	30	185	-128	32	62	62	62	62	62	51	47	47	51	51	50	-	-	-	-
Amortization of debt issuance costs and debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56	56	55
Stock-based compensation
451	559	523	516	493	1,052	768	641	619	769	1,320	1,335	1,542	2,091	1,713	1,610	1,978	2,208	1,211	1,248	1,232	132	192	129	188
Noncash interest expense and other charges
434	429	422	416	308	304	293	332	4,705	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Remeasurement of warrant and embedded derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	-111	27
Remeasurement of warrant liability and embedded derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-344	-	-	-	-
Noncash interest expense and other charges
434	429	422	416	308	304	293	332	4,705	1,603	566	547	536	528	517	396	371	339	828	420	487	-	-	-	-
Provision for doubtful accounts receivable
-	-	-	-	-	-	0	51	-6	21	5	5	94	-	-	-	-	-	-	-	-	-	-	-	-
Provision for excess and obsolete inventories
104	192	-17	51	46	284	102	607	-79	320	1,603	2,320	1,257	141	191	171	294	31	-50	1	-8	-	-	-	-
Other non-cash charges
1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,176	747
Provision for excess and obsolete inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21	40	-66
Changes in operating assets and liabilities:
Accounts receivable
-105	101	91	98	-42	-218	-215	372	221	-48	-289	-594	-1,387	-1,121	1,290	-633	1,976	-100	510	358	-775	170	563	-459	167
Inventories
17	20	83	290	776	868	-201	-12	-563	-608	-136	760	1,165	1,962	1,104	1,239	1,794	2,639	-206	-259	133	-416	-265	-1,584	551
Prepaid expenses and other current assets
722	-187	-275	-57	391	-96	-348	-84	523	-241	-249	-229	697	-111	-308	33	516	-147	-300	-248	1,058	-375	113	-339	157
Other assets
-240	-	-	-	-	-	-	-6	-98	-	-	-	-	1	-48	-101	135	-	-	-	-	-328	334	14	-22
Accounts payable
722	-256	-167	117	-179	-422	598	-787	486	432	-309	-11	-446	257	635	-1,567	1,145	636	-527	-667	642	-87	388	-110	-174
Accrued compensation
-476	593	-250	423	-181	211	-211	242	92	-539	-508	-279	-619	-15	558	-1,085	267	751	205	768	212	-	-	-	-
Leasehold liability
-270	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	227	26	26
Accrued expenses and other current liabilities
41	-27	-95	-130	-543	410	-235	-95	-2,288	-309	-256	-632	-8	251	68	-646	136	32	-546	-836	388	569	1,306	-356	561
Other long-term liabilities
2	-	-	-	-3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities and accrued interest
-	-	-	-	-	-	-1	77	-191	122	-41	-46	-294	-299	-224	-247	-179	-25	-1,483	-90	-64	-	-	-	-
Net cash used in operating activities
-4,970	-3,527	-4,122	-3,619	-5,996	-4,029	-3,091	-4,469	-6,877	-5,177	-6,988	-9,048	-13,263	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities
Purchase of property and equipment
-	-	-	-	-	-	-	-	-	-	-	16	29	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-59	-54
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,193	-	-12,378	-9,065	-7,921	-	-5,102	-5,244	-5,402
Purchase of property and equipment
-	0	0	5	83	-	-	-	-	-	-	-	-	103	139	428	301	289	181	-101	208	80	29	7	1
Proceeds from sale of property and equipment
-	0	0	0	18	-	-	-	46	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	0	0	-5	-65	379	-258	-171	46	0	4	-16	-29	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from financing activities
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-301	-	-181	356	-208	-	-29	-7	-1
Principal paydown of capital lease obligations
-	-	-	-	-	-	-	-	-	6	7	6	6	6	6	6	9	7	5	6	4	3	5	5	4
Proceeds from public offerings, net of issuance costs
-	-	-	-	-	-	-	-	326	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from initial public offering, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58,745	-	-	-	-
Proceeds from the issuance of common stock related to warrant exercises
-	0	0	1,653	6,340	-	-	-	-	-	-	-	-	-	-	-	-	15	0	8	300	-	-	-	-
Proceeds from the issuance of common stock under officers and directors purchase plan
27	9	18	18	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of convertible preferred stock, net of issuance costs
-	-	-	-	-	-9	0	0	15,534	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of common stock in public offerings, net
3,862	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for deferred initial public offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70	93	-	-	-	-	-	-	-	-
Proceeds from the issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-51	359	78	419	-	-	-	-	-	-	-	-
Proceeds from the issuance of convertible preferred stock, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,176	-	-	-	-
Proceeds from the issuance of common stock related to CRG loan, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	236	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	0	7
Net cash provided by financing activities
3,889	9	3,829	1,671	6,358	10,052	3,213	366	15,860	396	3,190	-6	230	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	317	-	6,643	2	65,217	-	11,577	4,197	3
Net change in cash and cash equivalents
-1,081	-3,518	-293	-1,953	297	6,402	-136	-4,274	9,029	-4,781	-3,794	-9,070	-13,062	-7,185	20,842	-4,443	-16,177	-11,722	-5,916	-8,707	57,088	103	6,446	-1,054	-5,400
Supplemental disclosure of cash flow information
Cash paid for interest
-	-	-	-	-	-	-	-	-	305	1,231	1,213	1,193	1,204	1,194	999	957	904	3,773	1,202	55	538	585	573	585
Noncash investing and financing activities:
Conversion of convertible preferred stock to common stock upon initial public offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	137,632	-	-	-	-
Accounts payable for purchases of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-41	54	-	-	-	37	-	-	-	-
Accretion of Series A preferred stock dividends
967	895	895	895	895	836	836	836	410	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of CRG loan principal and accrued interest into Series A Convertible preferred stock
-	-	-	-	-	4,794	0	0	38,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of Series A preferred stock to pay dividends
-	3,580	0	0	2,918	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Modification of convertible preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,384	-	-	-	-
Vesting of common stock subject to repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	14	2	-2	2	3	2
Issuance of common stock warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	804	-	-	-	-
Transfers between inventory and property and equipment
-49	28	93	89	198	-	-	-	-	-	-	-	-	439	760	681	365	409	399	26	87	-1,764	523	283	42
Reclassification of right of use asset to prepaid rent
-43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deemed dividend arising from beneficial conversion feature of convertible preferred stock
-	-	-	-	-	-	0	0	5,216	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-