| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
Net loss | ||||||
-15,341 | -11,051 | -3,315 | -1,919 | |||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
710 | 454 | 20 | 7 | |||
Amortization of debt discount | ||||||
328 | - | - | - | |||
Loss on scrapped Beta FUV inventory | ||||||
147 | - | - | - | |||
Loss on disposal of property and equipment | ||||||
-710 | -39 | - | - | |||
Stock-based compensation | ||||||
635 | 495 | 203 | 48 | |||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
244 | -0 | -0 | -7 | |||
Inventory | ||||||
2,178 | 1,509 | 167 | 26 | |||
Prepaid inventory | ||||||
26 | 1,168 | - | - | |||
Other current assets | ||||||
-125 | 57 | 372 | 1 | |||
Accounts payable | ||||||
-340 | 53 | 97 | 41 | |||
Accrued liabilities | ||||||
618 | -9 | 175 | 41 | |||
Customer deposits | ||||||
338 | 54 | 13 | 181 | |||
Warranty accrual | ||||||
109 | 25 | - | - | |||
Deferred revenue | ||||||
116 | - | - | - | |||
Net cash used in operating activities | ||||||
-14,290 | -12,672 | -3,344 | -1,619 | |||
INVESTING ACTIVITIES | ||||||
Purchase of certificates of deposit | ||||||
- | 5,250 | 6,246 | 0 | |||
Proceeds from sale of certificates of deposit | ||||||
- | 11,496 | - | - | |||
Purchases of property and equipment | ||||||
254 | 1,717 | 1,960 | 0 | |||
Proceeds from the disposal of property and equipment | ||||||
- | 0 | - | - | |||
Security deposits | ||||||
- | 41 | - | - | |||
Net cash (used in) provided by investing activities | ||||||
-254 | 4,488 | -8,207 | 0 | |||
Proceeds from sale of common stock | ||||||
14,836 | 3,014 | 20,372 | 467 | |||
Proceeds from sale of warrants | ||||||
778 | - | - | - | |||
Payment of offering costs | ||||||
1,412 | 526 | 1,285 | 10 | |||
Proceeds from the exercise of stock options | ||||||
10 | 29 | - | - | |||
Payment on capital lease obligations | ||||||
372 | 255 | - | - | |||
Proceeds from convertible notes payable to related parties | ||||||
1,125 | - | 170 | 50 | |||
Payment of fees to lender | ||||||
300 | - | - | - | |||
Repayment of convertible notes payable to related parties | ||||||
- | - | 70 | 0 | |||
Proceeds from convertible notes payable | ||||||
810 | - | 100 | 275 | |||
Repayment of convertible notes payable | ||||||
- | - | 75 | 0 | |||
Proceeds from note payable to related party | ||||||
- | - | 5 | 0 | |||
Repayment of note payable to related party | ||||||
- | - | 5 | - | |||
Repayment of note payable to related party | ||||||
- | - | - | 0 | |||
Proceeds from notes payable | ||||||
- | 3,000 | - | 250 | |||
Repayment of notes payable | ||||||
- | - | 250 | 0 | |||
Net cash provided by financing activities | ||||||
15,474 | 5,262 | 18,961 | 1,032 | |||
Net cash increase (decrease) for year | ||||||
929 | -2,921 | 7,409 | -586 | |||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||||||
Cash paid during the year for interest | ||||||
148 | 100 | 14 | - | |||
Cash paid during the period for interest | ||||||
- | - | - | 8 | |||
Cash paid during the year for income taxes | ||||||
0 | 0 | 0 | 0 | |||
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||
Accrued interest converted to notes payable | ||||||
48 | - | - | - | |||
Conversion of series A-1 preferred stock to common stock | ||||||
- | - | - | 3,832 | |||
Notes payable to related parties and accrued interest converted to common stock | ||||||
- | - | 156 | 0 | |||
Fixed asset purchases in accounts payable | ||||||
- | - | 484 | 0 | |||
Portion of equipment acquired through capital leases | ||||||
88 | 2,152 | - | - | |||
Conversion of series A-1 preferred stock to common stock | ||||||
- | - | 1,225 | - | |||
Notes payable and accrued interest converted to common stock | ||||||
- | - | 316 | 0 | |||
Insurance finance agreement | ||||||
331 | - | - | - | |||
Stock issued for payment of payables | ||||||
36 | - | - | - | |||
Warrants issued to underwriter | ||||||
- | - | 29 | 0 | |||
Warrants issued to investors | ||||||
- | 111 | - | - | |||