| Dec'18 | Dec'17 | Dec'16 | Nov'15 | Nov'14 | Nov'13 | Nov'12 | Nov'11 | Nov'10 | Nov'09 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
Net loss | |||||||||
-123,766 | -2,458 | - | - | - | - | - | - | - | - |
Net loss | |||||||||
- | - | -16,526 | -37,356 | -28,482 | -7,416 | - | - | - | - |
Net (loss) income | |||||||||
- | - | - | - | - | - | 5,565 | -1,365 | 2,601 | 24,520 |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||
Depreciation and amortization | |||||||||
19,351 | 6,061 | 6,012 | - | - | - | - | - | - | - |
Amortization of deferred financing costs and discounts | |||||||||
4,334 | 1,127 | - | - | - | - | - | - | - | - |
Amortization of term loan discount | |||||||||
- | - | - | 922 | 238 | 40 | - | - | - | - |
Paid-in-kind interest | |||||||||
4,817 | 1,662 | 1,023 | 900 | 875 | - | - | - | - | - |
Deferred taxes | |||||||||
6,250 | 4,547 | 1,086 | 1,891 | 4,294 | -153 | -3,591 | -97 | -2,295 | - |
Stock-based compensation | |||||||||
5,096 | 2,340 | 2,052 | 1,261 | 1,284 | 1,687 | 1,847 | 1,808 | 1,671 | 1,069 |
Excess tax benefit on stock-based compensation | |||||||||
- | - | - | 1,296 | 121 | 190 | 26 | -5 | -172 | -57 |
Release of valuation allowance for deferred tax assets | |||||||||
- | - | - | - | - | - | - | - | - | 20,291 |
Provision for bad debts | |||||||||
- | - | 116 | 122 | 561 | 12 | -121 | -211 | 58 | 171 |
Amortization of inventory step up | |||||||||
23,594 | - | 1,659 | - | - | - | - | - | - | - |
Other non-cash adjustments | |||||||||
-704 | -562 | - | - | - | - | - | - | - | - |
Depreciation and amortization | |||||||||
- | - | - | 3,208 | 3,637 | 1,319 | 1,456 | 1,168 | 843 | 536 |
Change in fair value of embedded conversion derivative | |||||||||
- | - | - | - | 2,270 | -204 | - | - | - | - |
Impairment of goodwill | |||||||||
- | - | - | - | 23,585 | - | - | - | - | - |
Impairment of intangibles | |||||||||
- | - | - | 12,400 | - | 0 | - | - | - | - |
Retail store impairment | |||||||||
- | - | 2,177 | 1,732 | 840 | 0 | - | 1,144 | - | - |
Amortization of deferred financing costs | |||||||||
- | - | 380 | 1,511 | 420 | 70 | - | - | - | - |
Amortization of convertible notes discount | |||||||||
- | - | 916 | 1,836 | 1,646 | 257 | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Decrease in valuation allowance of deferred taxes | |||||||||
- | - | - | - | - | - | - | - | - | -992 |
Accounts receivable, net | |||||||||
286,661 | 2,342 | 4,554 | -631 | -1,579 | 2,129 | -851 | -1,043 | 701 | 1,037 |
Factored accounts receivable | |||||||||
- | - | - | 3,364 | 2,639 | 62 | - | - | - | - |
Inventories | |||||||||
-35,458 | 7,644 | -3,352 | -12,435 | 2,603 | -1,015 | 8,056 | -6,983 | 7,358 | 616 |
Prepaid expenses and other assets | |||||||||
-12,658 | 519 | -99 | -1,269 | -1,284 | -991 | 680 | 8 | 537 | 497 |
Accounts payable and accrued expenses | |||||||||
-87,709 | 4,107 | -10,874 | 7,262 | -4,891 | 2,048 | 394 | 126 | -3,217 | 4,962 |
Other liabilities | |||||||||
757 | -75 | - | -562 | 393 | - | - | - | - | - |
Buy-out note payable | |||||||||
- | - | - | -1,609 | -3,025 | 6,302 | - | - | - | - |
Due to/from related parties | |||||||||
- | - | - | - | - | 195 | -450 | 550 | -251 | 161 |
Deferred revenue | |||||||||
- | - | - | - | - | - | - | - | -615 | 615 |
Deferred rent | |||||||||
- | - | 68 | 159 | 340 | 410 | 511 | 366 | 388 | 279 |
Net cash used in by continuing operating activities | |||||||||
- | - | -15,186 | 8,890 | -6,123 | 5,020 | 5,782 | 10,606 | -4,149 | 10,599 |
Net cash used in discontinued operations | |||||||||
- | - | -1,384 | -291 | -4,210 | 2,962 | - | - | - | - |
Net cash used in operating activities | |||||||||
-397,617 | -1,726 | -16,570 | 8,599 | -10,333 | 7,982 | - | - | - | - |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Acquisition, net of cash acquired | |||||||||
1,179,669 | - | 11,828 | - | 418 | 65,218 | - | - | - | - |
Collection of deferred purchase price of sold receivables | |||||||||
312,966 | - | - | - | - | - | - | - | - | - |
Cash paid in reverse acquisition with Robert Graham, net of cash acquired | |||||||||
- | - | 6,538 | - | - | - | - | - | - | - |
Refund of security deposit | |||||||||
- | - | 4 | - | - | - | - | - | - | - |
Purchases of property and equipment | |||||||||
1,456 | 1,127 | 2,046 | 123 | 341 | 1,480 | 2,779 | 2,055 | 3,402 | 873 |
Net cash used in investing activities | |||||||||
- | - | - | -123 | -759 | -66,698 | -2,779 | -2,055 | -3,402 | -873 |
Net cash used in discontinued investing activities | |||||||||
- | - | - | -362 | -424 | -655 | - | - | - | - |
Net cash provided by (used in) investing activities | |||||||||
-868,159 | -1,127 | -20,416 | -485 | -1,183 | -67,353 | - | - | - | - |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Proceeds from issuance of common stock | |||||||||
143,651 | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of Series A convertible preferred stock, net of offering costs | |||||||||
- | - | 49,881 | - | - | - | - | - | - | - |
Proceeds from term debt | |||||||||
- | - | 50,000 | - | - | - | - | - | - | - |
Payment of promissory note | |||||||||
- | - | - | - | 1,235 | - | - | - | - | - |
Proceeds from issuance of long-term debt | |||||||||
1,252,133 | - | - | -59,925 | -75 | 60,000 | - | - | - | - |
Repayment of long-term debt | |||||||||
47,935 | 938 | 500 | -80,000 | - | - | - | - | - | - |
Proceeds from line of credit, net | |||||||||
-21,852 | 7,708 | 12,784 | -27,756 | 9,031 | 32 | - | - | - | - |
Proceeds from long-term convertible note | |||||||||
25,000 | - | - | - | - | - | - | - | - | - |
Proceeds from short term convertible notes | |||||||||
- | - | 13,000 | - | - | - | - | - | - | - |
Repayment of terminated line of credit and loan payable | |||||||||
- | - | 23,349 | - | - | - | - | - | - | - |
Payments on factor borrowing, net | |||||||||
- | - | - | - | - | -7,411 | -1,863 | -1,707 | 1,843 | 229 |
Payment of deferred financing costs | |||||||||
62,772 | 124 | 1,583 | - | - | 3,051 | - | - | - | - |
(Repayment of) proceeds from customer cash advances | |||||||||
- | -1,707 | - | - | - | - | - | - | - | - |
Redemption of unit holders | |||||||||
- | - | 58,218 | - | - | - | - | - | - | - |
(Repayments of) proceeds from customer cash advances | |||||||||
- | - | 814 | - | - | - | - | - | - | - |
Payment of accrued distribution to members | |||||||||
- | - | 1,366 | - | - | - | - | - | - | - |
Taxes paid in lieu of shares issued for stock-based compensation | |||||||||
1,103 | 270 | - | - | - | - | - | - | 653 | - |
Net cash provided by (used in) discontinued financing activities | |||||||||
- | - | - | 653 | 4,634 | -2,307 | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
1,287,122 | 4,669 | 41,463 | -7,231 | 11,785 | 46,730 | - | - | - | - |
Exercise of stock options | |||||||||
- | - | - | - | - | 27 | 20 | - | 50 | - |
Purchase of treasury stock | |||||||||
- | - | - | 117 | 227 | - | - | 34 | 257 | - |
Payment of taxes on restricted stock units | |||||||||
- | - | - | 86 | 343 | 560 | 424 | 530 | 870 | 225 |
Exercise of warrants | |||||||||
- | - | - | - | - | - | - | - | 653 | - |
Net cash provided by financing activities | |||||||||
- | - | - | -7,884 | 7,151 | 49,037 | -2,267 | -2,271 | 766 | 4 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
-77 | -42 | 33 | - | - | - | - | - | - | - |
NET CHANGE IN CASH AND CASH EQUIVALENTS | |||||||||
21,269 | 1,774 | 4,510 | - | - | - | - | - | - | - |
NET CHANGE IN CASH AND CASH EQUIVALENTS | |||||||||
- | - | - | 883 | 269 | -12,641 | 736 | 6,280 | -6,785 | 9,730 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||||||||
Interest paid | |||||||||
8,125 | 4,768 | - | - | - | - | - | - | - | - |
Income taxes paid | |||||||||
179 | 192 | - | - | - | - | - | - | - | - |
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||||||||
Beneficial interest obtained in exchange for securitized trade receivables | |||||||||
269,411 | - | - | - | - | - | - | - | - | - |
Conversion of short-term convertible notes | |||||||||
13,764 | - | - | - | - | - | - | - | - | - |