Corindus Vascular Robotics, Inc. CVRS Cash Flow

Corindus vascular robotics, inc. (CVRS)

CashFlow / Quarterly

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	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11
Operating activities
Net loss
-	-9,677	-	-	-	-10,050	-7,971	-7,853	-8,414	-9,885	-9,791	-8,066	-7,594	-7,627	-7,229	-7,062	-7,303	-7,169	-6,548	-17,875	-64	-53	-51	-59	-101	-78	-25	-40	-46	-21	-5	-20	-4
Adjustments to reconcile net loss to net cash flows used in operating activities:
Loss on disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-22	0	-18	-41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
205	193	344	178	168	163	191	164	193	175	161	177	178	209	196	180	164	166	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
1,343	978	977	947	637	674	698	616	786	792	720	662	638	346	192	104	111	98	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of interest expense
187	98	108	104	100	16	0	10	34	57	79	99	114	130	145	158	164	158	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write down of inventories
-	-	22	-71	125	192	-31	39	59	201	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	0	1	6	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant liability revaluation
-	-	-80	60	-70	-30	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of website development costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	2	2	2	2	2	2	2	2	2	1	0
In-kind compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	2	2	2	2	2	2	2	2	2	2	1
Changes in operating assets and liabilities:
Accounts receivable
956	-738	2,042	737	-189	-854	1,608	813	46	12	-147	400	-1,140	393	311	39	305	-251	-4	444	-1	-0	-0	1	39	-18	-16	7	2	-3	-4	-6	-2
Due from related party
-	-	-	-	-	-	0	0	0	-250	250	0	-125	125	-	-	-	125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
-100	588	-476	117	112	117	226	-117	34	-52	143	-101	54	-239	-353	408	3	-41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred inventory costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	102	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-38	-531	-207	-164	72	1,325	-368	410	430	1,166	-74	52	102	136	-110	237	6	213	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of use asset, deposits and other assets
18	-6	-	-	7	-11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits and other assets
-	-	-	-	-	-	4	-2	-2	1	-3	0	-2	-2	-3	-3	-2	-48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued expenses and other liabilities
2,072	-1,004	1,658	-271	-389	-309	1,133	857	143	-316	871	507	-767	919	61	109	-1,058	508	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
-	-	-	-	-	2	-945	0	-962	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
155	149	-	-	141	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-0	-0	0	-	-	-	-
Security deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	-	-	-	-
Bank overdraft
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-0	0	-0	-3	-0	4	0	0	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	0	-1	-2	0	0	-2	3	0	-5	-4	11	0
Accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74	7	16	-0	14	-2	6	0
Deferred revenue
-	-	-	-	-	-	-	-523	186	83	450	-101	-299	22	166	-49	179	-223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued consulting expense-related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	-	-	-	36	-	-	-	-	-	-	-	-
Other accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	-	-	-	-4	-	-	-	-	-	-	-	-
Net cash used in operating activities
-7,535	-8,576	-5,860	-7,030	-9,235	-9,909	-8,311	-7,794	-8,483	-7,770	-	-	-	-	-	-	-	-	-	-	-15	-20	-14	-31	-29	-16	-28	-8	-38	-11	-11	-4	-4
Investing activities
Purchase of property and equipment
169	85	328	70	297	41	171	27	27	20	226	158	129	18	-13	89	89	103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-7,074	-6,607	-6,381	-	-7,244	-7,930	-6,358	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	0	4,980	6,700	8,873	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collection of notes receivable
-	-	-	-	-	-	-	-	-	-	0	0	0	65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	4,822	6,571	8,920	-	-20,682	-89	-103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Website development costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	25	0
Net cash used in investing activities
-169	-85	-328	-70	-297	-41	-171	-27	44	-20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-25	-0
Financing activities
Payments of financing costs from issuance of long-term debt and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net of issuance costs
1,438	19,692	-	-	-	-	0	0	-394	45,005	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Proceeds from issuance of long term debt and warrants, net of deferred financing costs and discounts
0	2,732	0	0	-19	11,645	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of Series A preferred stock and warrants, net of issuance costs
-	-	0	0	-138	24,809	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
459	161	-	-	-	-	-	-	-	-	0	65	0	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on finance lease liability
14	13	-	-	12	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on debt
-	-	-	-	-	-	-250	-1,236	-1,201	-1,169	-1,138	-1,109	-1,077	-1,049	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on capital lease obligation
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-1,044	-2,228	-1,042	-	-1,287	44,952	-50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from loans and advances from related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	264	31	11	35	29	-	-	-	-	0	0	0	10
Repayments to notes payable-related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Net cash provided by financing activities
1,883	22,572	404	2,418	-104	36,443	-256	-1,227	-1,546	43,836	-	-	-	-	-	-	-	-	-	-	264	21	11	35	29	16	27	0	0	0	0	97	10
Net increase in cash and cash equivalents
-5,821	13,911	-5,784	-4,682	-9,636	26,493	-8,738	-9,048	-9,985	36,046	-8,896	-3,296	-2,264	1,497	-7,593	-29,213	36,933	-6,511	-994	19,425	249	0	-3	3	0	0	-1	-8	-38	-11	-11	66	4
Supplemental Disclosure of Cash Flow Information:
Accrued dividends on Series A preferred stock
1	625	2	8	493	125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of warrants issued with long-term debt
0	440	0	0	0	210	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
363	303	306	286	259	27	7	24	37	89	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred offering costs in accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	394	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing costs included in accounts payable and accrued expenses
-150	232	-	-	-	19	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued statutory minimum withholding taxes on stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	410	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of Series A-1 preferred stock as dividends on Series A preferred stock
750	122	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred public offering costs in accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-309	519	41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	149	215	170	-	256	265	225	-	-	-	-	-	-	-	1	0	0	0	0	0	0	0
Transfer from inventories to property and equipment in the field
29	111	9	34	186	196	324	240	123	125	-	-	-	-	222	182	91	92	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of warrants issued with Series A preferred stock
-	-	0	0	0	4,162	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred offering costs in accounts payable and accrued expenses
-	-	-	-	-	138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0