| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-6,951 | -3,784 | -916 | -397 | |||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
1,552 | 651 | 65 | 0 | |||
Beneficial conversion interest expense | ||||||
639 | - | - | - | |||
Share-based compensation | ||||||
392 | 14 | - | - | |||
Deferred rent | ||||||
- | 133 | 64 | 0 | |||
Equity in earnings (loss) of non-consolidated affiliate | ||||||
- | -105 | 13 | -178 | |||
(Increase) decrease in operating assets: | ||||||
Accounts receivable, net | ||||||
412 | 170 | 208 | -305 | |||
Due from related parties | ||||||
- | 95 | 0 | 0 | |||
Other assets | ||||||
271 | 70 | 90 | 2 | |||
Security deposits | ||||||
-111 | -410 | -27 | 0 | |||
Increase (decrease) in operating liabilities: | ||||||
Accounts payable and accrued expenses | ||||||
1,359 | 1,204 | 53 | 2 | |||
Patient deposits | ||||||
-264 | 323 | 130 | 0 | |||
Due to shareholders | ||||||
- | - | 0 | 0 | |||
Lease incentive obligation | ||||||
- | 516 | 60 | 0 | |||
Net cash used in operating activities | ||||||
-4,068 | -1,808 | -436 | -880 | |||
Cash flows from investing activities: | ||||||
Purchase of property and equipment | ||||||
1,200 | 1,579 | 546 | 0 | |||
Acquisition of IMAC Florida (Note 7) | ||||||
- | 23 | - | - | |||
Proceeds from sale of fixed assets | ||||||
147 | - | - | - | |||
Payment to non-controlling interest | ||||||
- | - | 13 | 0 | |||
Proceeds from non-controlling interest | ||||||
- | - | 0 | 178 | |||
Investment in and advances go IMAC St Louis LLC | ||||||
- | - | -73 | 421 | |||
Net cash used in investing activities | ||||||
-1,053 | -1,603 | -472 | -421 | |||
Cash flows from financing activities: | ||||||
Proceeds from initial public offering, net of related fees | ||||||
3,839 | - | - | - | |||
Proceeds from warrants exercised | ||||||
357 | - | - | - | |||
Proceeds from issuance of common stock | ||||||
1,311 | - | - | - | |||
Proceeds from notes payable | ||||||
212 | 3,998 | 200 | 500 | |||
Payments on notes payable | ||||||
123 | 193 | 85 | 0 | |||
Proceeds from line of credit | ||||||
20 | 175 | 25 | 0 | |||
Payments on line of credit | ||||||
300 | 140 | 0 | 0 | |||
Payments on finance lease obligation | ||||||
16 | 25 | - | - | |||
Deferred IPO costs | ||||||
- | 335 | - | - | |||
Payments on capital lease obligation | ||||||
- | - | 1 | 0 | |||
Proceeds from capital lease obligation | ||||||
- | - | 0 | 0 | |||
Issuance of member units for cash | ||||||
- | - | 0 | 1,350 | |||
Contributions from members | ||||||
- | - | 37 | 150 | |||
Net cash provided by financing activities | ||||||
5,301 | 3,478 | 161 | 2,178 | |||
Net increase in cash | ||||||
179 | 66 | - | - | |||
Net increase in cash | ||||||
- | - | -748 | 876 | |||
Supplemental cash flow information: | ||||||
Interest paid | ||||||
97 | 153 | 27 | 0 | |||
Taxes paid | ||||||
18 | - | - | - | |||
Non cash financing and investing: | ||||||
Business acquisition via stock issuance | ||||||
3,771 | 7,259 | - | - | |||
Tangible and intangible assets acquired through acquisition liabilities | ||||||
- | - | 0 | 0 | |||