Polarityte, inc. (PTE)
CashFlow / Yearly
Dec'19Oct'18Oct'17Oct'16Oct'15Oct'14Oct'13Oct'12Oct'11Oct'10Oct'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss

-92,493

-65,441

-130,829

-4,640

-3,809

-16,197

-12,642

4,613

6,832

-972

-7,189

Loss from discontinued operations

-

-

-349

-807

-

-

-

-

-

-

-

Net loss from continuing operations

-

-

-130,480

-3,833

-

-

-

-

-

-

-

Adjustments to reconcile net loss to net cash used in operating activities:
Loss from equity method investment

-

-

-

-

-

-3,780

0

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

183

263

Change in fair value of warrant liability

-

-

-

-

-

-

-

-

-

-482

415

Stock based compensation expense

31,402

38,821

16,627

2,042

1,436

1,117

1,416

1,686

1,468

1,340

1,730

Change in fair value of derivatives

-

-

-

-

1,548

0

-17

-1,932

2,847

-

-

Capital software impairment losses

-

-

-

-

148

1,259

675

-

-

-

-

Share-based litigation settlement

-

-

-

-

-

-

-

-

-

-

404

Loss on impairment of capitalized software development costs and license fees

-

-

-

-

-

-

-

1,219

4,238

1,428

3,481

Impairment of goodwill

-

-

-

-

-

-

-

54

0

0

-

Provision for excess inventory

-

-

-

-

65

737

675

1,515

1,794

180

309

Foreign currency exchange loss recognized

-

-

-

-

-

-616

0

-

-

-

-

Gain on extinguishment of liabilities

-

-

-

-

1,465

1,287

0

-

-

-

-

Gain on asset sales, net

-

-

-

-

50

-

-

-

-

-

-

Gain on transfer to Zift

-

-

-

-

-

0

-

-

-

-

-

Other nonoperating gains

-

-

-

-

198

0

-

-

-

-

-

Offering costs expensed

-

-

-

-

0

-

-

-

-

-

-

Change in fair value of derivatives

-

3,814

109

248

-

-

-

-

-

-

-

Depreciation and amortization

2,992

1,394

432

0

61

745

381

566

398

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

27

-

Provision for price protection

-

-

-

-

41

4,648

2,993

4,324

3,928

3,226

5,363

Amortization of intangible assets

193

100

-

-

432

10,695

6,460

17,363

6,204

6,543

13,418

Amortization of debt discount

49

35

-

-

-

-

-

-

-

-

-

Change in fair value of common stock warrant liability

-

-520

-

-

-

-

-

-

-

-

-

Change in fair value of contingent consideration

-36

20

-

-

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-914

-

-

-

-

-

-

-

-

-

-

Other non-cash adjustments

-20

-

-

-

-

-

-

-

-

-

-

Research and development - intellectual property acquired

-

-

104,693

0

-

-

-

-

-

-

-

Offering costs expensed

-

-

0

21

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Due from factor

-

-

-

-

-

-

-7,374

15,888

2,997

3,325

7,186

Accounts receivables

-

-

-

-

-

-

-2,767

830

3,223

-618

-1,368

Accounts receivable

1,019

940

-

-

-1,273

428

-

-

-

-

-

Inventory

-84

238

-

-

-1,227

-2,830

-2,228

-2,328

4,981

2,423

721

Capitalized software development costs and license fees

-

-

-

-

85

4,582

10,971

9,441

18,064

9,197

13,741

Advance payments for inventory

-

-

-

-

-57

-1,007

807

-5,678

521

2,328

2,875

Prepaid expenses and other current assets

-193

911

190

-54

-91

-2,704

1,086

-844

1,918

66

-874

Operating lease right-of-use assets

1,651

-

-

-

-

-

-

-

-

-

-

Other assets

249

378

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

1,269

2,136

1,411

85

-2,194

-1,993

-6,417

-4,868

8,752

2,041

-779

Other current liabilities

32

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-72

150

-

-

-

-

-

-

-

-

-

Operating lease liabilities

-1,578

-

-

-

-

-

-

-

-

-

-

Customer credits

-

-

-

-

171

2,343

-

-

-

-

-

Litigation settlement

-

-

-

-

-

-

-

-

-

-

-700

Customer billings due to distribution partner

-

-

-

-

-

-

-

-

-

-230

-1,257

Advances from customers and deferred revenue

-

-

-

-

-21

-6,817

2,384

-1,139

4,660

402

245

Net cash used in continuing operating activities

-

-

-7,616

-1,879

-1,614

-3,509

-4,587

-

-

-

-

Net cash provided by discontinued operating activities

-

-

33

113

-

-

-

-

-

-

-

Payable to Zift

-

-

-

-

0

-

-

-

-

-

-

Net cash used in operating activities

-56,648

-28,546

-7,583

-1,766

-

-

-

6,092

9,417

-3,035

-6,578

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment

2,773

9,221

2,544

0

-

347

274

338

465

283

146

Purchase of available-for-sale securities

40,072

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities of available-for-sale securities

23,327

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of available-for-sale securities

3,901

-

-

-

-

-

-

-

-

-

-

Acquisition of IBEX

-

2,258

-

-

-

-

-

-

-

-

-

Repayment from GMS Entertainment Limited

-

-

-

-

-250

530

-

-

-

-

-

Proceeds from sale of assets

-

-

-

-

290

0

-

-

-

-

-

Investment in and advances to GMS Entertainment Limited

-

-

-

-

-

-

3,500

0

0

-

-

Net cash used in continuing investing activities

-15,617

-11,479

-2,544

0

540

-877

-3,774

-

-

-

-

Net cash provided by discontinued investing activities

-

60

25

0

-

-

-

-

-

-

-

Purchase of assets of Quick Hit, Inc., net of acquired cash

-

-

-

-

-

-

-

0

779

0

-

Net cash provided by (used in) investing activities

-15,617

-11,419

-2,519

0

-

-

-

-338

-1,244

-283

-146

CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from the sale of preferred stock and warrants

-

-

17,667

0

-

-

-

-

-

-

-

Net proceeds from the sale of common stock and warrants

-

-

0

1,406

0

-

-

-

-

-

-

Net proceeds from the sale of common stock and warrants

28,073

92,676

2,278

0

-

-

2,000

0

0

-

-

Special cash dividend

-

-

0

10,000

0

-

-

-

-

-

-

Proceeds from stock options exercised

529

687

1,301

129

0

-

-

-

-

-

-

Proceeds from ESPP purchase

-99

-

-

-

-

-

-

-

-

-

-

Payments to Zift

-

-

-

-

0

-

-

-

-

-

-

Net proceeds from sale of units

-

-

-

-

10,946

-

-

-

-

-

-

Proceeds from exercise of options and warrants

-

-

-

-

-

-

-

-

-

0

8,628

Income tax withholding from exercise of options and warrants

-

-

-

-

-

-

-

-

-

0

-

Repayments of inventory financing

-

-

-

-

-

-1,765

1,764

-1,238

-4,319

-496

4,513

Net proceeds from sale of units

-

-

-

-

-

0

-

-

-

-

-

Proceeds from exercise of options and warrants

-

-

-

-

-

-

-

9

1,830

-

-

Cash paid for tax withholdings related to net share settlement

679

-

-

-

15

33

19

161

0

-

-

Payment of contingent consideration liability

225

30

-

-

-

-

-

-

-

-

-

Principal payments on financing leases

453

74

-

-

-

-

-

-

-

-

-

Principal payments on term note payable and financing arrangements

534

-

-

-

-

-

-

-

-

-

-

Payments to Zift

-

-

0

299

-

-

-

-

-

-

-

Net cash provided by financing activities

26,810

93,259

21,246

-8,764

-

-

-

-1,390

-2,489

-496

13,141

Net increase (decrease) in cash and cash equivalents

-45,455

53,294

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-

-

-

-

10,931

-1,798

3,745

-

-

-

-

Effect of exchange rates on cash and cash equivalents

-

-

-

-

-

-5

-37

-15

1

-21

-83

Net increase in cash and cash equivalents

-

-

11,144

-10,530

9,857

-6,189

-4,653

4,349

5,685

-3,835

6,334

Cash paid during the year for interest and financing costs

-

-

-

-

141

-

-

-

-

-

-

Cash paid during the year for interest and financing costs

-

-

-

-

-

327

455

870

1,255

1,006

1,322

Cash paid during the period for income taxes

-

-

-

-

0

6

0

591

3

0

1

Non-cash investing and financing activities:
Property and equipment additions acquired through finance leases

2,578

251

-

-

-

-

-

-

-

-

-

Property and equipment acquired through financing arrangements

58

-

-

-

-

-

-

-

-

-

-

Unpaid liability for acquisition of property and equipment

273

300

54

0

-

-

-

-

-

-

-

Reclassification of stock-based compensation expense that was previously classified as a liability to paid-in capital

38

-

-

-

-

-

-

-

-

-

-

Conversion of Series A, B, C, D, E preferred stock to common stock

-

109,995

-

-

-

-

-

-

-

-

-

Contingent consideration earned and recorded in accounts payable

-

33

-

-

-

-

-

-

-

-

-

Warrant liability settled under exchange agreement

-

-

-

-

5,313

-

-

-

-

-

-

Other warrants settled under exchange agreement

-

-

-

-

1,969

-

-

-

-

-

-

Other warrants settled under exchange agreement

-

-

-

-

-

0

-

-

-

-

-

Conversion of preferred stock into common stock

-

-

-

-

10

0

-

-

-

-

-

Conversion of Series A preferred stock to common stock

-

-

976

401

0

-

-

-

-

-

-

Warrant liability reclassified to additional paid-in capital upon exchange

-

-

-

-

-

0

-

-

-

-

-

Conversion of Series B preferred stock to common stock

-

-

549

0

-

-

-

-

-

-

-

Conversion of Series C preferred stock to common stock

-

-

1,809

0

-

-

-

-

-

-

-

Conversion of Series D preferred stock to common stock

-

-

1,517

140

-

-

-

-

-

-

-

Exchange of Series F preferred stock for common stock

-

13,061

-

-

-

-

-

-

-

-

-

Extinguishment of warrant liability

-

2,525

-

-

-

-

-

-

-

-

-

Warrants exchanged for common stock

-

-

78

0

-

-

-

-

-

-

-

Establishment of warrant liability in connection with Series F Preferred Stock issuance

-

-

4,299

0

-

-

-

-

-

-

-

Establishment of derivative liability in connection with Series F Preferred Stock issuance

-

-

9,319

0

-

-

-

-

-

-

-

Deemed dividend - accretion of discount on Series F preferred stock

-

-1,290

-369

0

-

-

-

-

-

-

-

Cumulative dividends on Series F preferred stock

-

-373

-124

0

-

-

-

-

-

-

-

Series F preferred stock dividends paid in common stock

-

306

-

-

-

-

-

-

-

-

-

Contingent consideration for IBEX acquisition

-

278

-

-

-

-

-

-

-

-

-

Note payable issued as partial consideration for IBEX acquisition

-

1,220

-

-

-

-

-

-

-

-

-

Conversion of Series D preferred stock to common stock

-

-

-

-

0

-

-

-

-

-

-

Common stock shares and warrants issued for offering costs

-

-

0

75

0

-

-

-

-

-

-

Leased assets

-

-

-

-

-

-

-

46

163

0

-

Warrant liability reclassified to additional paid-in capital upon exercise

-

-

-

-

-

-

-

0

1,042

0

-

Issuance of warrants for license fees

-

-

-

-

-

-

-

0

58

0

-

Issuance of common stock in payment of accounts payable

-

-

-

-

-

-

-

-

-

-

459