| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | ||
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-15,030 | -18,546 | -14,975 | -16,879 | -8,389 | ||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
41 | 47 | 41 | 40 | 55 | ||
Provision for sales returns | ||||||
84 | -102 | 27 | 247 | -38 | ||
Amortization of deferred financing costs and debt discounts | ||||||
304 | 304 | 305 | 304 | 305 | ||
Stock-based compensation | ||||||
7,439 | 9,934 | 11,374 | 11,873 | 1,500 | ||
Other | ||||||
-33 | 42 | -35 | -9 | -57 | ||
Changes in assets and liabilities: | ||||||
Accounts receivable | ||||||
3,140 | -2,093 | -1,188 | 2,387 | 585 | ||
Inventory | ||||||
8,044 | 10,304 | -5,761 | -2,514 | 3,331 | ||
Prepaid and other current assets | ||||||
-540 | -1,303 | 987 | 1,520 | -200 | ||
Accounts payable, accrued and other liabilities | ||||||
682 | 3,224 | 374 | 1,433 | -1,697 | ||
Cash used in operating activities | ||||||
-17,091 | -12,054 | 3,143 | -4,366 | -11,923 | ||
INVESTING ACTIVITIES: | ||||||
Purchase of fixed assets | ||||||
18 | 66 | 24 | 11 | 13 | ||
Proceeds on sale of fixed assets | ||||||
- | 0 | 3 | 0 | 3 | ||
Cash used in investing activities | ||||||
-18 | -137 | -1,126 | -11 | -10 | ||
FINANCING ACTIVITIES: | ||||||
Taxes paid related to net settlement upon vesting of restricted common stock | ||||||
112 | - | - | - | - | ||
Borrowings from Mid Cap credit facility | ||||||
17,435 | 28,923 | 30,609 | 19,947 | 19,184 | ||
Repayments from Mid Cap credit facility | ||||||
15,414 | 21,083 | 35,853 | 21,565 | 13,664 | ||
Deferred offering costs | ||||||
139 | - | - | - | 44 | ||
Insurance obligation payments | ||||||
965 | - | - | - | - | ||
Capital lease obligation payments | ||||||
2 | 13 | 14 | 14 | 14 | ||
Cash provided by financing activities | ||||||
803 | 6,860 | -5,858 | 30,937 | 4,627 | ||
EFFECT OF EXCHANGE RATE ON CASH | ||||||
3 | -2 | 0 | 0 | 1 | ||
NET CHANGE IN CASH AND RESTRICTED CASH FOR PERIOD | ||||||
-16,303 | -5,333 | -3,841 | 26,560 | -7,305 | ||
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||||||
Cash paid for interest | ||||||
759 | 734 | 724 | 1,115 | 628 | ||
NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||
Debt issuance costs not paid | ||||||
- | - | - | - | 22 | ||
Mid Cap Credit Facility | ||||||
Debt issuance costs | ||||||
- | 0 | 0 | 515 | 66 | ||
Horizon Term Loan | ||||||
Debt issuance costs | ||||||
- | 0 | -1 | 132 | 769 | ||