| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
-61,368 | -54,252 | -79,774 | -208,755 | -147,082 | -64,356 | |
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||
Depreciation and amortization of fixed assets | ||||||
1,784 | 1,534 | 1,822 | 2,280 | 2,312 | 2,617 | |
Non-cash operating lease cost | ||||||
3,354 | - | - | - | - | - | |
Amortization of intangible asset | ||||||
- | - | - | 15,223 | 27,442 | 21,831 | |
Impairment of intangible asset | ||||||
- | - | - | - | 31,269 | - | |
Write-down of inventory | ||||||
912 | 270 | 1,654 | 385 | 2,274 | 4,916 | |
Write-down of capitalized computer software development costs | ||||||
- | - | - | - | 62 | - | |
Gain on purchase commitment | ||||||
- | - | - | - | -243 | -1,640 | |
Loss on extinguishment of debt / conversion of debt | ||||||
- | - | - | -11,176 | -2,934 | -4,579 | |
Write-off of deferred financing costs and debt discount | ||||||
- | - | - | 3,820 | 2,752 | - | |
Amortization of deferred financing costs | ||||||
- | 228 | 509 | 1,304 | 1,290 | 1,635 | |
Amortization of debt discount | ||||||
- | - | 2,297 | 3,118 | 3,867 | 1,698 | |
Amortization of debt discount | ||||||
565 | 1,170 | - | - | - | - | |
Amortization of debt premium | ||||||
- | 344 | 564 | - | - | - | |
Accretion of repayment premium on secured term debt | ||||||
- | - | - | - | 345 | -345 | |
Share-based compensation | ||||||
7,208 | 10,391 | 12,354 | 47,217 | 10,324 | 7,588 | |
Bad debt expense | ||||||
- | - | 3 | 6 | 5 | 66 | |
Gain on deconsolidation of subsidiary | ||||||
- | - | - | - | 24,000 | - | |
Change in fair value of warrant liabilities | ||||||
-961 | 1,525 | 2,096 | 4,380 | 1,494 | 4,969 | |
Loss on equity method investment | ||||||
- | -1,242 | -7,599 | -13,625 | -2,776 | - | |
Realized and unrealized gain on equity securities | ||||||
29,922 | 34,075 | - | - | - | - | |
Accrued legal settlement | ||||||
- | - | - | - | 10,350 | - | |
Deferred taxes | ||||||
46 | -524 | -437 | 27 | -3 | -29 | |
Gain on settlement of payable | ||||||
- | - | - | 4,131 | - | 1,015 | |
Beneficial conversion feature expense on warrants | ||||||
- | - | - | 1,745 | - | - | |
Beneficial conversion feature expense on convertible debt | ||||||
- | - | - | 44,170 | - | - | |
Fair value of units issued to consultants | ||||||
- | - | - | 3,000 | - | - | |
Fair value of shares / units issued in settlement of obligation | ||||||
- | - | - | 4,360 | 13,647 | 1,320 | |
Paid-in-kind interest | ||||||
- | - | - | 14,695 | 11,434 | 13,374 | |
Changes in operating assets and liabilities: | ||||||
Restricted cash | ||||||
- | - | - | - | 89 | -7,498 | |
Accounts receivable, net | ||||||
-736 | 504 | -21 | -937 | 1,313 | -5,794 | |
Inventories, net | ||||||
627 | 994 | -95 | -1,133 | -1,930 | 367 | |
Prepaid expenses and other assets | ||||||
-62 | 463 | 134 | 479 | -597 | -2,019 | |
Accounts payable | ||||||
-902 | 1,967 | 1,605 | 530 | -4,413 | 120 | |
Lease liability | ||||||
-3,717 | - | - | - | - | - | |
Accrued expenses and other liabilities | ||||||
841 | 4,652 | -4,652 | 544 | 3,040 | -13,117 | |
Deferred revenue | ||||||
- | - | -4,400 | -4,500 | - | - | |
Deferred revenue | ||||||
- | - | - | - | -10,300 | 1,600 | |
Net cash used in operating activities | ||||||
-80,067 | -71,227 | -64,098 | -52,950 | -60,977 | - | |
Net cash used in operating activities | ||||||
- | - | - | - | - | -8,493 | |
Cash flows from investing activities: | ||||||
Purchases of fixed assets | ||||||
515 | 864 | 479 | 539 | 161 | 2,062 | |
Proceeds from sale of equity securities | ||||||
22,000 | - | - | - | - | - | |
Net cash used in investing activities | ||||||
21,485 | -864 | -479 | -539 | -161 | - | |
Net cash used in investing activities | ||||||
- | - | - | - | - | -2,062 | |
Cash flows from financing activities: | ||||||
Proceeds from issuance of common stock, net | ||||||
130,768 | 105,761 | 95,954 | - | - | - | |
Proceeds from issuance of secured term debt | ||||||
- | - | - | - | 35,000 | - | |
Proceeds from issuance of convertible debt | ||||||
- | - | - | - | 112,500 | - | |
Payments of financing costs | ||||||
- | 596 | 20 | - | 4,069 | 51 | |
Principal payments on secured term debt | ||||||
28,045 | 6,574 | - | 380 | 107,204 | 43,563 | |
Proceeds from issuance of ESPP shares | ||||||
195 | 148 | 30 | - | - | - | |
Proceeds from issuance of common stock in IPO, net | ||||||
- | - | - | 69,750 | - | - | |
Payments of initial public offering costs | ||||||
- | - | - | 3,293 | 445 | - | |
Payment of financing costs related to debt exchange agreements | ||||||
- | - | - | 534 | - | - | |
Proceeds from related party loans | ||||||
- | - | - | - | 2,000 | 4,196 | |
Repayment of related party loans | ||||||
- | - | - | 3,000 | 2,000 | 696 | |
Proceeds from issuance of Class A units, net | ||||||
- | - | - | - | 15,000 | - | |
Proceeds from issuance of Class E redeemable convertible units, net | ||||||
- | - | - | 5,500 | 10,833 | 38,822 | |
Proceeds from exercise of options | ||||||
265 | - | - | 41 | 30 | 51 | |
Proceeds from exercise of warrants | ||||||
256 | 575 | 37 | - | - | - | |
Net cash provided by financing activities | ||||||
103,439 | 99,314 | 96,001 | 68,084 | 61,645 | - | |
Net (decrease) increase in cash, cash equivalents and restricted cash | ||||||
44,857 | 27,223 | 31,424 | 14,595 | - | - | |
Components of cash, cash equivalents, and restricted cash | ||||||
Net cash provided by financing activities | ||||||
- | - | - | - | - | -1,241 | |
Net increase in cash and cash equivalents | ||||||
- | - | - | - | 507 | -11,796 | |
Supplemental cash flow disclosures: | ||||||
Cash paid for interest | ||||||
2,841 | 3,591 | 3,689 | 3,723 | 8,019 | - | |
Cash paid for interest | ||||||
- | - | - | - | - | 11,549 | |
Cash paid for taxes | ||||||
- | - | 356 | 339 | 153 | 104 | |
Non-cash investing and financing activities: | ||||||
Capitalized lease obligations | ||||||
- | - | 208 | 230 | 20 | 72 | |
Beneficial conversion feature on convertible preferred stock | ||||||
412 | 402 | 384 | 7,660 | - | - | |
Accretion of dividends on convertible preferred stock | ||||||
1,646 | 1,609 | 1,534 | 642 | - | - | |
Settlement of related party loan | ||||||
- | - | - | - | 500 | - | |
Units issued in settlement of obligation | ||||||
- | - | - | 11,725 | 9,063 | 2,780 | |
Unpaid financing/offering costs | ||||||
- | - | - | 56 | 1,958 | 2,373 | |
Unpaid fixed asset additions | ||||||
59 | - | - | - | - | - | |
Operating lease liabilities arising from obtaining right-of-use assets | ||||||
212 | - | - | - | - | - | |
Common stock issued upon conversion of convertible preferred stock | ||||||
1,856 | - | - | - | - | - | |
Fair value of warrants issued in private placement | ||||||
- | - | 1,651 | - | - | - | |
Fair value of modification to lender warrants | ||||||
- | 111 | 908 | - | - | - | |
Equity method investment related to deconsolidation | ||||||
- | - | - | - | 24,000 | - | |
Fee payable to lenders resulting in principal increase of convertible debt | ||||||
- | - | - | - | - | 10,000 | |
Financing costs paid with convertible notes | ||||||
- | - | - | - | 2,260 | - | |
Fair value of warrants issued to lenders | ||||||
- | - | - | - | 6,300 | - | |
Cost method investment in affiliate | ||||||
- | - | - | 1,242 | - | - | |
Beneficial conversion feature on Class E units | ||||||
- | - | - | 13,431 | - | - | |
Conversion of Class E units into common stock | ||||||
- | - | - | 83,626 | - | - | |
Conversion of convertible debt into common stock | ||||||
- | - | - | 176,615 | - | - | |
Conversion of convertible debt into convertible preferred stock | ||||||
- | - | - | 30,000 | - | - | |
Reclassification of warrants from liabilty to equity | ||||||
- | - | - | 1,716 | - | - | |
Reclassification of warrants from equity to liabilty | ||||||
- | - | - | - | - | 149 | |
Class E Redeemable Convertible Units [Member] | ||||||
Proceeds from issuance of Class E redeemable convertible units, net | ||||||
- | - | - | 5,500 | - | - | |
Conversion of Class E units into common stock | ||||||
- | - | - | -83,628 | - | - | |