| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net loss | ||||||
-10,713 | -10,316 | -12,097 | ||||
Adjustments to reconcile net loss to net cash used in operations: | ||||||
Depreciation | ||||||
95 | 69 | 11 | ||||
Stock-based compensation | ||||||
907 | 814 | 279 | ||||
Bad debt expense | ||||||
- | 16 | - | ||||
Non-cash interest expense, debt discount | ||||||
113 | - | - | ||||
Amortization of debt discount | ||||||
- | - | 17 | ||||
Amortization of original issue discount | ||||||
58 | - | 5,172 | ||||
Inventory reserve | ||||||
-71 | 32 | 42 | ||||
Common stock issued for services and software license | ||||||
- | - | 31 | ||||
Change in fair value of derivative liabilities | ||||||
194 | 36 | 116 | ||||
Loss on disposal of asset | ||||||
-2 | - | - | ||||
Other non-cash charges | ||||||
-9 | - | - | ||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
42 | 101 | 182 | ||||
Inventories | ||||||
213 | 140 | 161 | ||||
Prepaid expenses and other | ||||||
163 | 307 | 235 | ||||
Other assets | ||||||
87 | - | - | ||||
Accounts payable and accrued expenses | ||||||
60 | 466 | - | ||||
Accounts payable and other accrued expenses | ||||||
- | - | 563 | ||||
Accrued interest | ||||||
- | - | -377 | ||||
Deferred revenue | ||||||
2 | -103 | 38 | ||||
Customer advance payments | ||||||
-106 | -0 | 106 | ||||
Net cash used in operating activities | ||||||
-10,341 | -9,606 | -6,153 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Purchases of equipment | ||||||
51 | 126 | 67 | ||||
Net cash used in investing activities | ||||||
-51 | -126 | -67 | ||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Payments of issuance costs | ||||||
- | -144 | - | ||||
Net settlement of vested restricted stock units to fund related employee statutory tax withholding | ||||||
80 | 74 | - | ||||
Proceeds from exercise of stock options | ||||||
0 | 0 | 26 | ||||
Proceeds from exercise of warrants | ||||||
- | 3,556 | 102 | ||||
Proceeds from issuance of debt | ||||||
2,788 | - | - | ||||
Proceeds from public offering | ||||||
5,603 | - | 4,368 | ||||
Proceeds from payments under grants | ||||||
6 | - | - | ||||
Proceeds from private placement, net of offering costs | ||||||
- | - | 2,922 | ||||
Proceeds from FPO, net of offering costs | ||||||
- | - | 10,407 | ||||
Proceeds from convertible promissory notes, net | ||||||
- | - | 1,770 | ||||
Repayment of note payable, MLSC | ||||||
- | - | 1,215 | ||||
Net cash provided by financing activities | ||||||
8,318 | 3,337 | 18,382 | ||||
Net increase in cash, cash equivalents and restricted cash | ||||||
-2,075 | -6,395 | 12,162 | ||||
SUPPLEMENTAL DISCLOSURE CASH FLOW INFORMATION | ||||||
Cash paid during the period for interest | ||||||
- | - | 97 | ||||
Inventory capitalized as sales demo equipment | ||||||
17 | 53 | - | ||||
Cumulative impact from the adoption of ASC 606 | ||||||
-123 | - | - | ||||
Issuance of selling agent warrants | ||||||
196 | - | - | ||||
Put option bifurcated from term loan | ||||||
372 | - | - | ||||
Accrued interest converted to principal | ||||||
65 | - | 21 | ||||
Exchange of 2015 convertible promissory notes for 2016 convertible promissory notes | ||||||
- | - | 430 | ||||
Accretion of convertible preferred stock to redemption value | ||||||
- | - | 274 | ||||
Conversion of convertible preferred stock into common stock | ||||||
- | - | 12,946 | ||||
Conversion of convertible promissory notes and accrued interest into common stock | ||||||
- | - | 5,467 | ||||
Issuance of selling agent warrants in connection with IPO | ||||||
- | - | 156 | ||||
Deferred offering costs to additional paid-in capital upon IPO closing | ||||||
- | - | 438 | ||||
Issuance of selling agent warrants in connection with IPO | ||||||
- | - | 156 | ||||
Deferred offering costs to additional paid-in capital upon IPO closing | ||||||
- | - | 438 | ||||
Common stock issued for repayment of promissory notes and related accrued interest | ||||||
- | - | 1,217 | ||||