| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net loss | |||||||||
-29,135 | -22,397 | -10,445 | -14,411 | -13,356 | -17,710 | -14,556 | -9,417 | -9,219 | -5,423 |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||
Depreciation | |||||||||
933 | 774 | 488 | 362 | 203 | 153 | 79 | 187 | 273 | 306 |
Amortization of right-of-use assets | |||||||||
1,821 | - | - | - | - | - | - | - | - | - |
Amortization of intangible assets | |||||||||
123 | 77 | 79 | 75 | 45 | 45 | 59 | 127 | 67 | 46 |
Impairment loss on intangible assets | |||||||||
104 | - | - | - | - | - | - | - | - | - |
Loss on impairment | |||||||||
- | - | - | - | - | - | 9 | 299 | - | - |
Loss on abandonment of license | |||||||||
- | - | - | - | - | - | - | -147 | - | - |
Amortization of deferred financing costs | |||||||||
- | 81 | 246 | 125 | 127 | 199 | 178 | 352 | 1,223 | 1,322 |
Loss on disposal of equipment | |||||||||
- | -1 | - | - | - | - | - | - | - | - |
Loss on extinguishment of debt | |||||||||
- | -2,186 | - | -750 | - | - | - | - | - | - |
Write off of deferred financing costs | |||||||||
- | - | - | - | - | 901 | - | - | - | - |
Amortization of debt discount | |||||||||
- | - | - | - | - | - | - | 161 | 23 | 108 |
Provision for bad debt | |||||||||
514 | 852 | 223 | 80 | 125 | 35 | 58 | - | - | - |
Provision for inventory write-down | |||||||||
1,887 | 1,343 | 1,438 | 788 | - | - | - | - | - | - |
Changes in investment gains and losses | |||||||||
972 | 721 | - | - | - | - | - | - | - | - |
Share-based compensation | |||||||||
10,304 | 7,606 | 3,609 | 1,390 | 1,316 | 956 | 671 | 495 | 250 | 187 |
Stock grant for service | |||||||||
- | - | - | - | - | 60 | - | 21 | - | - |
Directors Stock Compensation | |||||||||
- | - | - | - | - | - | - | - | 15 | - |
Cancellation of shares | |||||||||
- | - | - | - | - | - | - | 14 | - | - |
Interest added to note payable | |||||||||
- | - | - | 1,924 | 461 | 5,022 | 3,783 | 780 | - | - |
Gain on termination of distribution agreement | |||||||||
- | - | - | - | - | - | - | - | - | 1,119 |
Change in fair value of warrant liability | |||||||||
- | - | - | - | - | - | - | - | -62 | 78 |
Interest added to note | |||||||||
- | - | - | - | - | - | - | - | 55 | - |
Change in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
2,136 | 5,108 | 3,236 | 3,349 | 2,036 | 1,014 | 902 | 252 | 368 | 114 |
Inventory | |||||||||
3,767 | 6,009 | 3,295 | 2,313 | 720 | -184 | 247 | 1,390 | -142 | -671 |
Prepaid expenses and other | |||||||||
661 | 192 | 342 | 87 | 315 | -187 | 109 | 53 | -20 | -37 |
Accounts payable and accrued expenses | |||||||||
2,920 | 3,711 | 1,927 | 3,411 | 1,117 | 498 | 430 | -105 | 500 | 110 |
Operating lease obligations | |||||||||
1,773 | - | - | - | - | - | - | - | - | - |
Cash paid for interest portion of finance leases | |||||||||
4 | - | - | - | - | - | - | - | - | - |
Contract and other liabilities | |||||||||
-30 | -66 | 70 | 18 | -21 | 29 | 100 | - | - | - |
Net cash used in operating activities | |||||||||
-19,872 | -17,862 | -9,238 | -11,237 | -13,051 | -10,451 | -10,444 | -8,661 | -7,079 | -3,943 |
Cash flows from investing activities: | |||||||||
Purchase of property and equipment | |||||||||
4,664 | 6,282 | 1,105 | 931 | 408 | 542 | 178 | 48 | 20 | - |
Purchase of investments | |||||||||
121,074 | 114,736 | - | - | - | - | - | - | - | - |
Proceeds from sale of investments | |||||||||
153,571 | 23,146 | - | - | - | - | - | - | - | - |
Cash payments for intangible assets | |||||||||
562 | 321 | 187 | 226 | 146 | 52 | 65 | 78 | 68 | 72 |
Cash acquired with Merger | |||||||||
- | - | - | - | - | - | - | - | 7,201 | - |
Net cash provided by investing activities | |||||||||
27,271 | -98,193 | -1,292 | -1,157 | -555 | -594 | -243 | -127 | 7,112 | -72 |
Cash flows from financing activities: | |||||||||
Proceeds from issuance of note payable | |||||||||
- | - | - | - | - | - | - | 15,961 | - | - |
Proceeds from issuance of common stock | |||||||||
- | 132,964 | 15,891 | 18,767 | 30,968 | 1,625 | 16,777 | - | 1,000 | - |
Cash paid for equity offering | |||||||||
- | 257 | 228 | 99 | - | - | - | - | - | - |
Borrowing on revolving loan | |||||||||
- | 26,253 | 57,599 | 6,685 | - | - | - | - | - | - |
Payments on revolving loan and prepayment penalties | |||||||||
- | 30,489 | 57,624 | 6,685 | - | - | - | - | - | - |
Proceeds from issuance of Series D preferred stock and warrants, net | |||||||||
- | - | - | - | - | - | - | - | - | 1,980 |
Proceeds from issuance of debt | |||||||||
- | - | - | - | - | - | - | - | 10,500 | 3,697 |
Repayments of long-term debt and prepayment penalties | |||||||||
- | 22,513 | 21 | 2,446 | - | 1,750 | - | 161 | 4,732 | - |
Cash paid for debt portion of finance leases | |||||||||
29 | - | - | - | - | - | - | - | - | - |
Debt issuance costs | |||||||||
- | - | - | 801 | 180 | 820 | - | 1,309 | 434 | 150 |
Proceeds from exercise of stock options | |||||||||
4,002 | 3,884 | 1,434 | 1,078 | 512 | 135 | 73 | 15 | 26 | 3 |
Merger | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Net cash provided by /( used for) financing activities | |||||||||
4,031 | 109,842 | 17,022 | 16,499 | 31,301 | -808 | 16,851 | 14,505 | 6,358 | 5,531 |
Net increase / (decrease) in cash, cash equivalents, and restricted cash | |||||||||
11,430 | -6,213 | 6,492 | 4,105 | 17,693 | -11,853 | 6,162 | 5,716 | 6,391 | 1,516 |
Supplemental disclosures of cash flow activity: | |||||||||
Cash paid for interest | |||||||||
34 | 1,325 | 2,198 | 5,769 | 3,525 | 3,912 | 1,030 | 649 | 1,029 | 812 |
Supplemental disclosure of non-cash investing and financing activities: | |||||||||
Acquisition of fixed assets in accounts payable and accrued expenses | |||||||||
3,212 | 335 | 55 | 32 | 168 | 22 | 173 | - | - | - |
Payments of long term debt with proceeds from term loan of $21,000 and revolver loan of $4,000 | |||||||||
- | - | - | 25,000 | - | 28,550 | - | 4,838 | - | - |
Capital lease additions | |||||||||
- | - | 62 | - | - | - | - | - | - | - |
Right-of-use asset and operating lease liability (Adoption of ASC 842) | |||||||||
26 | - | - | - | - | - | - | - | - | - |
Conversion of preferred stock, convertible debt and accrued interest into common stock | |||||||||
- | - | - | - | - | - | - | - | 21,497 | 8,328 |
Deferred financing costs related to warrants issued with debt | |||||||||
- | - | - | - | - | - | - | - | - | 2,160 |
Preferred stock dividend payable forfeited with the Merger | |||||||||
- | - | - | - | - | - | - | - | 7,076 | - |
Warrant Liability forfeited with the Merger | |||||||||
- | - | - | - | - | - | - | - | 2,607 | - |
Debt discount related to warrants issued with debt | |||||||||
- | - | - | - | - | - | - | - | 173 | - |
Net assets acquired on Merger | |||||||||
- | - | - | - | - | - | - | - | 11,847 | - |
Note and accrued interest retired with the Merger | |||||||||
- | - | - | - | - | - | - | - | 4,555 | - |
Directors stock compensation included in prepaid expenses | |||||||||
- | - | - | - | - | - | - | - | 60 | - |