| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net loss | ||||||||||
- | - | - | -3,950 | - | - | - | - | - | - | - |
Cash flows from operating activities | ||||||||||
Net income (loss) | ||||||||||
-19,706 | 62,719 | -5,062 | - | -5,370 | -17,282 | -4,339 | 617 | - | -1,535 | 596 |
Net income (loss) | ||||||||||
- | - | - | - | - | - | - | - | 109 | - | - |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | ||||||||||
0 | 68,404 | 0 | 0 | - | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||
754 | 669 | 696 | 734 | 812 | 876 | 827 | 742 | 753 | 734 | 777 |
Provision for inventory obsolescence | ||||||||||
132 | 0 | 0 | - | - | - | - | - | - | - | - |
Provision for product warranties | ||||||||||
321 | 0 | 0 | - | - | - | - | - | - | - | - |
Amortization of intangible assets | ||||||||||
- | - | - | - | - | - | - | 115 | - | - | - |
Amortization of intangible assets | ||||||||||
- | - | - | - | - | - | - | - | 172 | 273 | 273 |
Provision for inventory obsolescence | ||||||||||
- | - | - | - | 157 | 733 | 12 | -93 | 37 | -8 | 27 |
Gain on disposal of property and equipment, net | ||||||||||
-89 | 0 | -5 | -21 | -21 | -14 | -16 | 41 | 0 | - | - |
Loss on disposal of property and equipment, net | ||||||||||
- | - | - | - | - | - | - | - | - | -326 | 1 |
Loss on impairment Bovie Canada | ||||||||||
- | - | - | - | - | - | - | - | - | 54 | 0 |
Loss on impairment of intangible assets | ||||||||||
- | - | - | - | - | - | - | - | - | 1,286 | 0 |
Stock based compensation | ||||||||||
3,581 | 2,224 | 871 | 809 | 575 | 388 | 506 | 161 | 132 | 163 | 136 |
Change in fair value of derivative liabilities | ||||||||||
0 | -20 | -183 | -64 | - | - | - | - | - | - | - |
Unrealized gain on short term investments | ||||||||||
164 | 247 | 0 | - | - | - | - | - | - | - | - |
Unrealized gain on short term investments | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | - |
Change in fair value of derivative liabilities | ||||||||||
- | - | - | - | 1,799 | -7,285 | - | - | - | - | - |
Provision (benefit) for allowance for doubtful accounts | ||||||||||
-163 | 224 | 179 | 84 | 96 | - | - | - | - | - | -7 |
Benefit of deferred taxes | ||||||||||
0 | 368 | 196 | -25 | - | - | - | - | - | - | - |
Provision for allowance for doubtful accounts | ||||||||||
- | - | - | - | - | -93 | - | - | - | - | - |
Benefit of deferred taxes | ||||||||||
- | - | - | - | -25 | 3,975 | - | - | - | - | - |
Non cash other (income) loss - warrants | ||||||||||
- | - | - | - | - | - | -884 | 20 | - | - | - |
Non cash other income - warrants | ||||||||||
- | - | - | - | - | - | - | - | 227 | 513 | 0 |
Non cash finance costs allocated to warrants | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |
Non cash other income - Lican | ||||||||||
- | - | - | - | - | - | - | - | 61 | 0 | 0 |
Non cash legal settlement | ||||||||||
- | - | - | - | - | - | - | - | 954 | 0 | 0 |
Benefit (provision) for deferred taxes | ||||||||||
- | - | - | - | - | - | -1,613 | 210 | -76 | -934 | 60 |
Changes in operating assets and liabilities: | ||||||||||
Gain on cancellation of agreement | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Trade receivables | ||||||||||
3,970 | 447 | 303 | 1,894 | 1,029 | -90 | -884 | 658 | 126 | -451 | -440 |
Prepaid expenses and other assets | ||||||||||
406 | 2,851 | 30 | -103 | -286 | 259 | -406 | 241 | -257 | 47 | -150 |
Inventories | ||||||||||
2,367 | -1,185 | 368 | 201 | 102 | -1,955 | 884 | -287 | 719 | 822 | 1,462 |
Deposits and other assets | ||||||||||
- | - | - | 341 | 228 | 952 | -234 | -227 | - | - | - |
Deposits | ||||||||||
- | - | - | - | - | - | - | - | -111 | -281 | -305 |
Accounts payable | ||||||||||
1,054 | -224 | -23 | 392 | -189 | 494 | 257 | -284 | 134 | 362 | -728 |
Accrued severance and related | ||||||||||
- | - | - | 0 | 0 | - | - | - | - | - | - |
Litigation settlement liability | ||||||||||
- | - | - | - | - | - | - | - | 731 | 0 | 0 |
Accrued and other liabilities | ||||||||||
2,370 | -15,341 | 710 | 763 | 553 | 455 | 742 | -403 | -30 | -56 | -3 |
Accrued payroll | ||||||||||
- | - | - | - | - | - | - | - | -12 | 23 | 17 |
Accrued vacation | ||||||||||
- | - | - | - | - | - | - | - | -20 | -2 | -67 |
Net cash used in operating activities | ||||||||||
-18,475 | -20,881 | -3,704 | -2,837 | -5,786 | -417 | -2,536 | 165 | 1,897 | -526 | -97 |
Cash flows from investing activities | ||||||||||
Purchases of property and equipment | ||||||||||
1,301 | 363 | 624 | 286 | 421 | 630 | 588 | 753 | 542 | 201 | 2,465 |
Proceeds from the disposition of Core business | ||||||||||
0 | 91,095 | 0 | 0 | - | - | - | - | - | - | - |
Purchases of marketable securities | ||||||||||
18,884 | 87,189 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from maturities of marketable securities | ||||||||||
80,726 | 25,758 | 0 | 0 | - | - | - | - | - | - | - |
Acquisition of Bovie Bulgaria, net of cash acquired | ||||||||||
- | - | - | - | 500 | 0 | 0 | - | - | - | - |
Proceeds from sale of property and equipment | ||||||||||
- | - | - | - | - | - | - | - | - | 633 | 1 |
Increase in purchased technology | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Net cash (used in) provided by investing activities | ||||||||||
60,541 | 29,301 | -624 | -286 | -921 | -630 | -588 | -753 | -542 | 432 | -2,464 |
Cash flows from financing activities | ||||||||||
Proceeds from stock option exercises | ||||||||||
207 | 202 | 0 | 124 | 1,427 | 259 | - | - | - | - | - |
Repayment of finance lease liabilities | ||||||||||
60 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from stock options/warrants exercised | ||||||||||
- | - | - | - | - | - | 7,048 | 0 | - | - | - |
Change in restricted cash | ||||||||||
- | - | - | - | -60 | 899 | 0 | 0 | - | - | - |
Repayment of mortgage note payable | ||||||||||
- | - | - | -240 | -239 | 3,173 | - | - | - | - | - |
Proceeds from long-term debt | ||||||||||
- | - | - | - | - | - | - | - | 3,549 | 0 | 0 |
Repayment of mortgage note payable | ||||||||||
0 | 2,694 | 239 | - | - | - | 0 | 0 | 3,740 | 135 | 175 |
Proceeds from convertible preferred stock and warrants | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |
Proceeds from mortgage note payable to bank (net of amounts in escrow) | ||||||||||
- | - | - | - | - | - | - | - | - | 36 | 1,249 |
Proceeds from private placement (net of costs of $233) | ||||||||||
- | - | - | - | - | - | - | - | - | 2,767 | 0 |
Net change in line of credit | ||||||||||
- | - | - | - | - | - | - | - | - | 1,000 | -1,000 |
Repayments of capital lease payable | ||||||||||
- | - | - | - | - | - | - | - | 111 | 0 | 0 |
Proceeds from issuance of common shares, net | ||||||||||
- | - | - | 5,830 | 11,531 | 0 | 0 | - | - | 9 | 79 |
Repayment of industrial revenue bonds | ||||||||||
- | - | - | - | - | 3,257 | 162 | 130 | - | - | - |
Repurchase of warrants | ||||||||||
- | - | - | - | - | 420 | 0 | 0 | - | - | - |
Net cash provided by financing activities | ||||||||||
147 | -2,492 | -239 | 5,714 | 12,779 | -1,144 | 6,886 | -130 | -302 | 1,677 | 2,153 |
Effect of exchange rates on cash | ||||||||||
3 | 0 | 0 | - | - | - | - | - | - | - | - |
Net change in cash, cash equivalents and restricted cash | ||||||||||
42,216 | 5,928 | -4,567 | - | - | - | - | - | - | - | - |
Net change in cash, cash equivalents and restricted cash | ||||||||||
- | - | - | 2,591 | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
- | - | - | - | - | - | - | - | - | 89 | -1 |
Net change in cash and cash equivalents | ||||||||||
- | - | - | - | 6,072 | -2,191 | 3,762 | -718 | 1,053 | 1,672 | -409 |
Cash paid for: | ||||||||||
Interest | ||||||||||
8 | 104 | 136 | 158 | - | - | - | - | - | - | - |
Income taxes | ||||||||||
325 | 13,283 | 32 | 27 | - | - | 0 | 0 | 0 | 0 | -245 |
Non cash operating activities: | ||||||||||
Transfer of other assets to fixed assets | ||||||||||
42 | 0 | 0 | - | - | - | - | - | - | - | - |
Transfer of inventory to fixed assets | ||||||||||
277 | 0 | 0 | - | - | - | - | - | - | - | - |
Interest paid | ||||||||||
- | - | - | - | 158 | 151 | 195 | 232 | -237 | -223 | -128 |
Non cash financing activities: | ||||||||||
Cashless exercise of stock options/warrants | ||||||||||
612 | 3,237 | 557 | - | - | - | - | - | - | - | - |
Note payable for acquisitions | ||||||||||
- | - | - | - | 140 | 0 | 0 | - | - | - | - |
Cashless exercise of stock options/warrants | ||||||||||
- | - | - | 698 | 272 | - | - | - | - | - | - |
Equipment financed with loan | ||||||||||
- | - | - | - | - | - | - | - | - | -111 | -111 |