POLARITYTE, INC. PTE Cash Flow

Polarityte, inc. (PTE)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Oct'18	Sep'18	Jul'18	Jun'18	Apr'18	Mar'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss
-13,040	-21,145	-22,983	-22,792	-25,573	-18,418	-	-20,579	-	-14,000	-	-11,777	-14,089	-9,608	-5,200	-110,360	-5,661	-406	-2,486	-1,101	-647	-790	-265	-1,598	-1,156	-5,373	-2,727	-3,585	-4,512	-4,586	-3,644	-2,271	-2,141	-2,729	-3,087	2,703	7,726	-3,895	1,890	2,075	6,762
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	848	-432	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from continuing operations
-	-	-	-	-	-	-	-	-17,245	-	-11,619	-	-14,089	-9,608	-5,267	-110,376	-5,229	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net loss to net cash used in operating activities:
Loss from equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,873	-1,494	-166	-247	0	0	0	0	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	141	149	158	-	121	57	45
Change in fair value of warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,578	-165	-827	-	-	-	-
Change in fair value of warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,259	2,928	416
Stock based compensation expense
3,221	7,470	5,025	8,618	10,289	8,946	-	10,453	-	8,344	-	7,445	11,132	5,931	2,916	3,805	3,975	197	852	446	547	603	445	168	220	189	285	270	373	399	352	385	280	385	438	429	434	404	437	351	276
Change in fair value of derivatives
-	-	-	-	-	-	-	-	-	-	440	-	3,374	-	-	0	-8	-	-159	26	0	1	0	768	779	0	0	0	0	0	0	0	-17	-	-	-	-	-	-	-	-
Gain on asset sales, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70	-17	125	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on impairment of capitalized software development costs and license fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	175	0	0	228	991	2,726	150	1,337	25
Provision for excess inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	65	176	345	188	28	258	98	90	229	1,488	27	0	0	-	-	-	-
Gain on extinguishment of liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	415	524	526	128	1,159	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivatives
-	-	-	-	-	-	-	0	-	0	-	1,850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
752	749	797	770	676	330	-	416	-	354	-	318	256	137	122	173	0	0	-14	7	7	4	7	10	40	441	117	106	81	85	90	95	111	-	-	-	-	-	-	-	-
Provision for price protection
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-9	50	1,741	530	-345	2,722	1,698	125	407	763	1,113	205	598	2,408	1,548	178	313	1,889
Amortization of intangible assets
48	47	47	48	51	33	-	-	-	-	-	-	-	-	-	-	-	-	-	27	58	16	19	-7	404	1,041	949	1,479	7,226	3,508	263	353	2,336	6,260	413	1,410	9,280	2,737	247	436	2,784
Amortization of debt discount
8	-	-	-	15	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of common stock warrant liability
4,532	-	-	-	-	-	-	0	-	0	-	-520	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration
-	12	0	-68	20	57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash adjustments
16	-17	27	-37	7	-86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Customer credits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,185	-	-	-	-	-	-	-	-	-	-	-	-
Due from factor
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,994	-1,152	-4,162	-7,054	13,388	-3,440	-9,459	15,399	211	-4,047	-7,407	14,240
Accounts receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-227	-	102	-347	-988	-	-347	-847	316	513	-1,201	-167	-1,912	1,461	-2,118	-292	1,779	1,236	782	684	521
Accounts receivable
-545	138	257	548	76	-228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
-19	-94	-16	53	-27	98	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-34	-237	-956	-152	-332	-518	-1,828	2,755	-18	-739	-4,226	3,198	572	-2,691	-3,407	7,180	-2,254	1,233	-1,178
Capitalized software development costs and license fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	-29	85	0	0	0	457	1,528	1,075	1,522	4,068	1,875	2,173	2,855	2,063	2,628	2,857	1,893	8,644	4,242	3,751	1,427
Advance payments for inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-40	-17	45	-58	-90	-904	206	645	-29	-15	-1,211	1,245	-943	-4,769	5,409	363	-440	-4,811
Prepaid expenses and other current assets
1,543	-67	-612	74	412	279	-	563	-	-110	-	108	-46	190	0	-204	204	-74	-57	219	-142	-34	-7	-2	-48	-147	38	-16	-2,579	2,122	385	-110	-1,311	1,628	-163	-588	-1,721	2,179	-58	232	-435
Operating lease right-of-use assets
448	437	423	436	355	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-4	-	-	-	-	535	-	73	-	0	-	137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Security deposits
-	-	-	-	-	-	-	-	-2	-	-26	-	-111	-	-85	-279	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
818	-2,826	4,112	1,314	-1,331	1,621	-	2,036	-	-1,200	-	1,648	1,067	554	825	-662	694	131	144	-225	35	-539	148	-536	-1,267	-488	570	-2,453	378	342	-3,321	-3,234	-204	901	-3,021	-4,475	1,727	7,999	-1,573	-1,068	3,394
Other current liabilities
-61	-123	-212	-58	425	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-75	-36	90	-46	-80	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-450	-436	-472	-327	-343	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
-	-	691	-116	-4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,539	205	-1,573	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from customers and deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-7	-230	216	10	-853	834	-6,808	6,786	-25	25	-4,402	4,228	-145	-1,900	-3,322	5,036	9	6	-391
Net cash used in continuing operating activities
-	-	-	-	-	-	-	-	-6,992	-	-4,955	-	-5,073	-2,929	-1,489	-2,442	-756	-	-	-	-398	-758	-1,738	-1,400	2,282	-3,394	222	-1,360	1,023	-5,668	-6,596	-1,116	8,793	-	-	-	-	-	-	-	-
Net cash provided by discontinued operating activities
-	-	-	-	-	-	-	-	0	-	0	-	0	0	-514	152	395	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-13,854	-15,998	-11,861	-12,821	-15,968	-7,999	-	-8,659	-	-6,820	-	-3,941	-5,073	-2,929	-2,003	-2,290	-361	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,055	-4,347	10,093	9,401	-7,185	1,936	9,230	5,436
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment
999	387	276	571	1,539	834	-	2,477	-	1,121	-	3,042	2,664	291	292	423	1,538	0	0	0	0	-	-	-	-	16	1	41	289	31	98	119	26	94	65	62	117	69	71	248	77
Purchase of available-for-sale securities
14,144	11,070	13,557	10,225	5,220	10,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of available-for-sale securities
15,945	8,691	5,358	7,578	1,700	4,003	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of available-for-sale securities
16,171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70	3	17	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in continuing investing activities
-	-	-	-	-	-7,031	-2,829	-	-4,133	-	-1,853	-	-2,664	-291	-292	-423	-1,538	-	-	-	0	70	253	17	200	-316	-231	-41	-289	-3,531	-98	-119	-26	-	-	-	-	-	-	-	-
Net cash provided by discontinued investing activities
-	-	-	-	-	10	15	-	15	-	15	-	15	15	10	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
16,973	-742	-6,598	-3,218	-5,059	-7,021	-	-2,477	-	-3,379	-	-3,042	-2,649	-276	-282	-423	-1,538	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-94	-65	-62	-117	-48	-871	-248	-77
CASH FLOWS FROM FINANCING ACTIVITIES
Payments to Zift
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	133	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from the sale of common stock and warrants
24,276	-	-	-	-	-	-	0	-	58,081	34,595	-	0	0	0	0	2,278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Special cash dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock options exercised
31	0	0	0	529	-	-	158	-	18	46	-	45	178	535	588	0	0	0	-1	130	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Zift
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of inventory financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	3	-1,767	1,764	0	0	0	-1	1	-1	-1,237	1,238	0	-85	-5,472
Net proceeds from sale of units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	985	0	801	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for tax withholdings related to net share settlement
2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration liability
-	116	0	0	109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on financing leases
123	-	-	-	118	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from financing arrangements
1,053	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on financing arrangements
55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on term note payable and financing arrangements
-	-	-	-	-	257	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
25,180	-315	-155	26,978	302	-268	-	89	-	58,099	34,641	-	45	17,845	535	588	2,278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-126	-26	-1	-1,237	1,244	133	1,606	-5,472
Net increase (decrease) in cash and cash equivalents
28,299	-17,055	-18,614	10,939	-20,725	-15,288	-	-11,047	-	82,541	-	-6,983	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,003	9,157	985	-12	801	-27	0	-4	-1,767	3,745	0	0	0	-	-	-	-	-	-	-	-
Effect of exchange rates on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-1	3	-3	9	-11	7	-42	21	-4	-46	14	4	-2	1	-2
Net increase in cash and cash equivalents
-	-	-	-	-	-	-	-	46,989	-	27,848	-	-7,677	14,640	-1,750	-2,125	379	-213	-610	694	-10,401	8,469	-500	-1,395	3,283	-3,741	-10	-1,402	-1,036	-5,445	-6,705	-1,228	8,725	-9,254	-4,442	9,984	8,061	-5,985	1,196	10,589	-115
Cash paid during the year for interest and financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	35	128	137	110	21	180	144	155	52	200	463	177	123	245	710
Cash paid during the period for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-141	43	38	60	6	0	0	0	0	0	0	0	26	51	0	514	-	-	-	-
Non-cash investing and financing activities:
Property and equipment additions acquired through finance leases
-	-	-	-	-	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unpaid liability for acquisition of property and equipment
137	24	186	-107	170	600	-	258	-	78	-	363	360	-54	25	29	54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of stock-based compensation expense that was previously classified as a liability to paid-in capital
-	0	0	0	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unpaid tax liability related to net share settlement
3	-	-	-574	617	155	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allocation of proceeds from sale of common stock and warrants to warrant liability
11,677	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration earned and recorded in accounts payable
-	-	-	-	-	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series A, B, E preferred stock to common stock
-	-	-	-	-	-	-	0	-	0	-	109,104	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant exchange for common stock shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series A preferred stock to common stock
-	-	-	-	-	-	-	-	0	-	391	-	378	0	160	519	297	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series A preferred stock to common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	130	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series B preferred stock to common stock
-	-	-	-	-	-	-	-	0	-	4,020	-	0	0	35	1	513	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series C preferred stock to common stock
-	-	-	-	-	-	-	-	0	-	0	-	201	1,200	168	351	90	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series D preferred stock to common stock
-	-	-	-	-	-	-	-	0	-	0	-	312	0	390	406	721	280	0	-183	43	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exchange of Series F preferred stock for common stock
-	-	-	-	-	-	-	0	-	0	-	13,061	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Extinguishment of warrant liability
-	-	-	-	-	-	-	0	-	0	-	2,525	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrants exchanged for common stock
-	-	-	-	-	-	-	-	0	-	0	-	0	0	0	0	78	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deemed dividend - accretion of discount on Series F preferred stock
-	-	-	-	-	-	-	0	-	0	-	-698	-904	-369	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cumulative dividends on Series F preferred stock
-	-	-	-	-	-	-	0	-	0	-	-191	-275	-124	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series F preferred stock dividends paid in common stock
-	-	-	-	-	-	-	0	-	0	-	306	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series F preferred stock dividends paid in common stock
-	-	-	-	-	-	-	-	0	-	0	-	306	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-