Energy focus, inc/de (EFOI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net loss

-

-

-

-

-

-2,986

-1,920

-1,804

-2,390

-1,891

-1,773

-3,114

-4,522

-7,805

-3,177

-3,916

-1,989

1,284

4,256

2,111

1,129

-750

-403

-622

-4,070

1,397

-1,651

-679

-1,428

-2,014

-928

-900

-1,867

-610

-1,459

-1,173

-2,813

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-12

-373

-142

-81

-95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-541

-

-

-

-2,865

-

-

-

-

-

-

-

-

-7,805

-3,177

-3,916

-1,977

1,657

4,398

2,192

1,224

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation

46

49

77

95

105

123

105

143

151

167

214

123

177

250

219

185

151

85

80

52

49

45

25

57

57

119

169

165

162

159

163

165

150

126

130

150

183

Stock-based compensation

20

59

34

-20

543

202

276

235

195

182

192

226

207

284

436

384

256

214

315

172

112

139

135

135

123

52

53

51

45

54

42

46

58

42

75

126

183

Change in fair value of warrant liabilities

-873

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation reversal

-

-

-

-

-

-

-

-

-

0

0

1

269

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Valuation of equity instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

Provision for doubtful accounts receivable

-12

-25

-18

12

26

6

-4

11

-22

-213

18

1

0

147

38

-2

-27

22

-39

-43

99

10

-5

3

-6

-6

7

-4

-29

43

28

52

24

70

22

9

14

Provision for slow-moving and obsolete inventories

-34

-

-340

533

-836

-

-123

78

-487

-

-373

-433

162

-

-459

987

-820

-

209

858

386

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for warranties

0

-29

1

5

101

5

31

8

7

44

108

31

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for warranties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64

30

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-177

50

64

63

105

104

106

104

162

162

163

162

Amortization of discounts on the Iliad Note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,815

275

58

66

44

56

55

48

77

199

130

122

123

Amortization of loan discounts and origination fees

-38

-30

-27

-25

-20

-4

0

0

0

-

-

-

-

-

-

-

-

7

-24

-12

-11

-28

-29

-28

-55

-53

-50

-28

-28

-

-

-

-28

-

-

-

-

Gain on dispositions of property and equipment

0

-9

0

-16

1

2

-19

-4

19

-95

-4

-96

-8

-3

-34

-1

0

0

-3

-1

1

-

-

-

-

-

-

-

-

-

-

-

-

1

0

0

10

Changes in operating assets and liabilities:
Accounts receivable

-445

531

-42

-568

210

-755

-411

-171

-66

398

-458

874

-3,054

714

-75

-848

-4,104

2,564

5,201

-541

269

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-992

Inventories

-1,546

-575

-608

-50

-643

2,172

572

209

-597

-1,817

-1,495

-973

-866

-975

-1,036

4,045

2,984

33

-1,219

-147

3,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid and other assets

187

-243

79

12

-459

-109

212

161

274

-322

39

8

114

-185

-647

672

283

16

-319

100

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, inventories, and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,456

1,474

-1,017

392

1,100

-666

-753

1,884

-1,279

941

1,612

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,361

2,395

1,257

-1,685

730

718

-1,429

-868

1,548

609

-106

-2,158

-351

-355

529

-1,799

Accounts payable

-152

-

-785

-197

-1,329

-

-24

73

1,398

-

-998

1,474

-1,649

-

-4,121

1,549

-1,373

-

619

-1,949

-634

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other liabilities

222

-121

159

-385

-195

-151

470

-92

13

-180

-792

111

248

-628

-166

640

-1,235

13

-105

1,195

571

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-14

-6

11

0

-17

20

-3

-14

22

-11

-2

-156

174

0

-67

0

-26

-11

-96

-36

103

20

672

-220

-410

-926

915

59

-728

455

-792

-190

216

-54

-15

25

60

Total adjustments

1,045

1,013

-263

690

-691

48

374

247

1,647

668

237

1,611

2,877

4,902

-2,264

-95

-2,221

18

-2,328

850

-3,565

1,537

767

-201

1,980

169

926

-901

-530

1,216

1,488

-848

-3,113

681

2,528

265

-36

Net cash used in operating activities

-

-

-

-

-

-

-

-

-743

-

-1,536

-1,503

-1,645

-2,903

-5,441

-4,011

-4,198

1,675

2,070

3,042

-2,341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

504

-295

-1,209

-1,564

-3,556

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-823

-2,090

-

-725

-1,580

-1,958

-798

560

-1,748

-4,980

71

1,069

-908

-2,849

Cash flows from investing activities:
Proceeds from the sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

0

0

9

Acquisitions of property and equipment

47

75

29

23

5

0

0

0

57

8

39

86

29

149

428

736

311

1,702

180

248

112

45

42

70

37

6

17

26

125

173

52

95

12

34

19

77

126

Proceeds from the sale of property and equipment

0

3

0

-1

1

6

0

-4

244

0

25

72

0

-

-

-

-

-

-

-

-

0

0

0

130

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-

-

-

-

-

-

-

-

187

-

-14

-14

-29

-124

-426

-736

-311

-1,702

-180

-248

-112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-47

-72

-29

-24

-4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-70

93

-

-17

-26

-125

-170

-52

-95

-12

-24

-19

-77

-117

Cash flows from financing activities:
Proceeds from the issuance of common stock and warrants

-2,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Offering costs paid on the issuance of common stock and warrants

474

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from warrants exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9

2,494

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuances of common stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

-15

-7

4,827

-42

0

37

413

Proceeds from exercise of stock options and purchases through employee stock purchase plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

26

5

26

1

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments under finance lease obligations

1

1

1

0

1

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercises of stock options and employee stock purchase plan purchases

-

-

-

-

-

-

-

-

-

-

0

28

77

-

0

372

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock withheld in lieu of income tax withholding on vesting of restricted stock units

0

-6

0

5

111

2

21

7

32

0

0

2

47

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on the Iliad Note

226

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

179

15

15

14

14

264

14

12

13

12

12

849

-

-

-

-

Net proceeds from (payment on) credit line borrowings

55

-504

-328

-106

-462

2,219

0

0

0

-

-

-

-

-

-

-

-

-2

-453

-1,271

1,273

-146

-225

-285

1,109

-836

-766

390

-378

260

-734

760

603

-

-

-

-

Common stock withheld to satisfy exercise price and income tax withholding on option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

309

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the Iliad Note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

900

445

3,029

1,750

-

-

-

-

-

-

-

-

Proceeds from convertible notes

0

0

0

40

1,660

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

2,104

408

-329

-71

1,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

532

1,096

83

-585

3,420

1,360

1,768

-761

741

4,581

193

-115

384

413

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-32

-

0

26

30

-

0

63

14

-

23,295

-1,181

3,769

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

0

2

-6

-1

-1

-2

8

-15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and restricted cash

2,561

58

-1,573

-1,654

-2,474

-719

-1,565

-1,553

-589

-1,174

-1,552

-1,483

-1,659

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Classification of cash and restricted cash:
Net decrease in cash and cash equivalents

2,561

58

-1,573

-1,654

-2,474

-719

-1,565

-1,553

-589

-1,174

-1,552

-1,483

-1,659

-

-5,854

-4,699

-4,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

0

2

-6

-1

-1

-2

8

-15

-

13

-15

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,854

-4,699

-4,488

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

25,185

1,613

1,316

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating cash flows, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-12

-554

253

-121

-269

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-12

-373

-193

-121

-269

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

1

-

13

0

-6

1

6

-4

8

6

-14

-1

17

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-326

24,992

1,492

1,047

740

6,069

-364

-900

1,331

-1,314

1,814

-729

801

-247

-1,106

-403

246

921

-602

-2,536

Conversion of subordinated convertible debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,287

0

0

3,858

-

-

-

-

-

-

-

-

-

-

-

-