| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||
Net loss | ||||||||||||||||
-1,949 | -3,257 | -294 | -1,244 | -4,605 | -594 | -1,221 | -4,457 | -905 | -4,634 | 470 | -814 | -1,561 | -1,719 | -102 | 313 | -553 |
Adjustments to reconcile net loss to net cash (used) provided in operating activities: | ||||||||||||||||
Amortization of debt discount | ||||||||||||||||
170 | 285 | 67 | 138 | 4 | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 16 |
Bad debt expense | ||||||||||||||||
-8 | 160 | -26 | 63 | -116 | 22 | 36 | -32 | 49 | -112 | 34 | -89 | 78 | 365 | 89 | -30 | 0 |
Gain on settlement of liabilities | ||||||||||||||||
1,086 | - | - | - | 146 | - | - | - | - | - | - | - | - | - | - | - | - |
Change in allowance for sales returns and volume rebate | ||||||||||||||||
1 | -163 | 65 | 227 | -377 | -105 | 181 | 148 | -34 | 124 | 148 | 78 | 56 | - | - | - | - |
Change in inventory reserve | ||||||||||||||||
-43 | 68 | -173 | 56 | 35 | 58 | 57 | -27 | -54 | 149 | -8 | 4 | -11 | - | - | - | - |
Changes in fair value of derivative liabilities | ||||||||||||||||
28 | 771 | 1,372 | 263 | -2,162 | 761 | 821 | -2,191 | 1,035 | 861 | 0 | 0 | 0 | - | - | - | - |
Change in fair value of earn-out payable | ||||||||||||||||
-35 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Shares issued for interest payment on notes payable | ||||||||||||||||
42 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Stock compensation expense | ||||||||||||||||
271 | 242 | 574 | 159 | 161 | 417 | 456 | 589 | 520 | 4,294 | -34 | 37 | 47 | - | - | - | - |
Other share-based payments | ||||||||||||||||
8 | 11 | 12 | 12 | 12 | - | - | - | - | - | - | - | - | - | - | - | - |
Change in allowance for sales returns | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Change in inventory reserve | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Stock compensation expense | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Depreciation and amortization | ||||||||||||||||
219 | 219 | 221 | 221 | 246 | 255 | 248 | 193 | 187 | 187 | 184 | 182 | 192 | 190 | 163 | 0 | 0 |
Gain on settlement of liabilities, net | ||||||||||||||||
- | - | - | - | - | - | - | - | 25 | 276 | 0 | 0 | 0 | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||||||||
Accounts receivable - trade | ||||||||||||||||
588 | -4,753 | 1,062 | 5,412 | -1,864 | -2,985 | 1,479 | 1,570 | 8 | -2,067 | 2,187 | 257 | 87 | -287 | 30 | 555 | 610 |
Accounts receivable related party | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 557 | 16 | 20 |
Inventories | ||||||||||||||||
-477 | -31 | -4 | -296 | -962 | 362 | 672 | -930 | -942 | 2,404 | -154 | -1,069 | -584 | -542 | -671 | -706 | -733 |
Prepaid expenses and other current assets | ||||||||||||||||
-586 | 163 | 106 | 539 | -362 | -458 | -309 | 735 | 838 | -1,070 | 250 | -29 | 771 | -158 | -23 | -34 | -108 |
Other assets | ||||||||||||||||
3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accounts payable and accrued expenses | ||||||||||||||||
830 | 38 | -31 | 2,193 | 655 | -1,074 | 141 | 814 | -553 | -776 | -10 | -464 | 265 | 821 | -143 | -754 | 67 |
Warranty reserve | ||||||||||||||||
18 | -260 | 127 | 193 | -121 | - | - | - | - | - | - | - | - | - | - | - | - |
Accounts payable and accrued expenses - related parties | ||||||||||||||||
270 | -78 | -283 | -573 | -42 | 1,094 | -241 | 371 | 347 | -31 | 680 | 368 | 1,119 | 411 | -257 | 442 | 41 |
Other short-term liabilities | ||||||||||||||||
23 | - | - | - | 14 | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred revenues | ||||||||||||||||
-61 | 841 | -40 | -115 | -508 | - | - | - | - | - | - | - | - | - | - | - | - |
Other liabilities | ||||||||||||||||
-4 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred revenues | ||||||||||||||||
- | - | - | - | - | - | - | - | -643 | - | -181 | 121 | -65 | 26 | -22 | 0 | 0 |
Other short-term liabilities | ||||||||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | 0 | -1 | -0 | -26 | 18 | 0 | 0 |
Accrued interest on long-term debt - related parties | ||||||||||||||||
- | - | - | - | - | - | - | - | 0 | - | -0 | -38 | -40 | -33 | -13 | -13 | 0 |
Net cash (used) provided in operating activities | ||||||||||||||||
-890 | 2,017 | -2,277 | -4,567 | 564 | 12 | -1,473 | -262 | -2,050 | -746 | -904 | 421 | -113 | 2,186 | 248 | 152 | -216 |
Cash flows from investing activities: | ||||||||||||||||
Cash receipts from acquisitions | ||||||||||||||||
- | 0 | 0 | 0 | 10 | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash provided by investing activities | ||||||||||||||||
- | -0 | -3 | 0 | 10 | - | - | - | - | - | - | - | - | - | - | - | - |
Cash flows from financing activities: | ||||||||||||||||
Proceeds from short-term debt | ||||||||||||||||
2,816 | 750 | 12,348 | 4,869 | 4,806 | 6,363 | 6,985 | 5,798 | 4,714 | 5,913 | 4,301 | 0 | 0 | 3,293 | 3,163 | 75 | 170 |
Principal payments on short-term debt | ||||||||||||||||
3,091 | 3,701 | 10,172 | 4,092 | 5,361 | 7,049 | 5,767 | 5,036 | 4,646 | 7,985 | 3,437 | 0 | 720 | 6,059 | 4,520 | 0 | 0 |
Principal payments on short-term debt-related party | ||||||||||||||||
- | - | - | - | - | - | - | - | 0 | 627 | 0 | 0 | 195 | - | - | - | - |
Principal payments on short-term debt related parties | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Proceeds from convertible note payable related parties | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Proceeds from subscriptions receivable | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 1 |
Proceeds from factoring of accounts receivable with recourse | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15 |
Proceeds from convertible notes payable | ||||||||||||||||
750 | 1,250 | 0 | 2,000 | 2,000 | - | - | - | 0 | - | 0 | 0 | 1,000 | - | - | - | - |
Debt issuance costs | ||||||||||||||||
41 | 43 | 0 | 4 | 165 | - | - | - | - | - | - | - | - | - | - | - | - |
Distributions to the member of Mimio | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | -34 | 0 | -80 | -700 |
Proceeds from issuance of common stock | ||||||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 420 | 5,678 | 0 | 0 | 0 | - | - | - | - |
Proceeds from issuance of common stock upon exercise of options | ||||||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - |
Net cash provided by financing activities | ||||||||||||||||
433 | -1,745 | 2,153 | 2,772 | 1,279 | -685 | 1,218 | 761 | 487 | 1,979 | 863 | 0 | 84 | -2,587 | -112 | -80 | -513 |
Effect of foreign currency exchange rates | ||||||||||||||||
-103 | 95 | -11 | 22 | -38 | - | - | - | - | - | - | - | - | - | - | - | - |
Net decrease in cash and cash equivalents | ||||||||||||||||
-560 | 366 | -139 | -1,772 | 1,816 | - | - | - | - | - | - | - | - | - | - | - | - |
Effect of foreign currency exchange rates | ||||||||||||||||
- | - | - | - | - | - | - | - | 0 | 4 | -0 | 1 | -26 | 9 | 9 | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | ||||||||||||||||
- | - | - | - | - | - | - | - | -1,561 | 1,227 | -41 | 422 | -54 | -371 | 491 | 72 | -730 |
Supplemental cash flow disclosures: | ||||||||||||||||
Cash paid for interest | ||||||||||||||||
340 | 611 | 416 | 469 | 275 | 291 | 227 | 144 | 144 | 217 | 164 | 23 | 112 | - | - | - | - |
Cash paid for interest | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 136 | 3 |
Cash paid for income taxes | ||||||||||||||||
- | - | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Non-cash investment and financing transactions: | ||||||||||||||||
Shares issued to convert accounts payable | ||||||||||||||||
566 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Shares issued to convert notes payable - Lind Global | ||||||||||||||||
1,133 | - | - | - | 382 | - | - | - | - | - | - | - | - | - | - | - | - |
Shares issued for closing fees related to outstanding notes payable | ||||||||||||||||
49 | 168 | -360 | 360 | 199 | - | - | - | - | - | - | - | - | - | - | - | - |
Shares and notes payable issued as consideration for acquisition of Modern Robotics, Inc. net of cash received | ||||||||||||||||
- | - | - | - | 559 | - | - | - | - | - | - | - | - | - | - | - | - |
Issuance of Series A Preferred stock for the acquisition of Genesis | ||||||||||||||||
49 | 168 | -360 | 360 | 199 | - | - | - | - | - | - | - | - | - | - | - | - |