REED'S, INC. REED Cash Flow

Reed's, inc. (REED)

CashFlow / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net loss
-3,823	-4,565	-4,460	-3,264	-2,660	-2,674	-3,376	-1,615	-10,916	-5,617	153	-1,993	-2,418	-248	-763	-1,580	-538	-2,466	-686	-271	-1,220	48	638	-220	-657	34	-494	-403	-866	22	444	-124	-347	-174	-55	-365
Adjustments to reconcile net loss to net cash used in operating activities:
Fair value of stock options issued to employees & consultant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-348	-212	-88	-91	-118	-99	-70	-445	69	119	26	26	29	26	111	44	53	50
Depreciation
49	-13	12	13	-406	155	160	177	121	-237	546	121	-	-	216	261	250	230	240	213	219	175	180	181	163	89	153	145	182	184	189	183	181	164	164	144
Gain on sale or disposal of equipment
15	0	0	30	-	-	0	-26	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount on long-term financing obligation
98	75	75	75	-	-	27	28	651	582	73	73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of right of use assets
-5	51	22	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock options issued to employees for services
-	-223	-442	-412	-	-394	-309	-161	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of vested stock options issued to employees
-	-	-	-	-	-	-	-	-	-	88	140	209	147	133	169	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of shares granted for services
-	145	181	194	0	-606	593	113	680	-90	90	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5	0	3	5	15	24	30	35	42
Increase (decrease) in allowance for doubtful accounts
-152	211	14	175	-59	106	-101	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	26	0	-50	43	-93	-60	244	-82	1	161	-104	0	14	-	-	-	-	-	-	-	-	-	-	-	-
Increase in inventory reserve
-	-120	-289	84	-	-281	97	58	-394	0	50	-50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment acquired through capital lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	475	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of warrant liability
-7	-131	61	47	-95	-26	118	5	-39	72	-3,299	-9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrual of interest on convertible note to a related party
138	134	130	126	125	119	115	112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liability
-	0	6	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrual of interest on Convertible Note Payable
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
(Decrease) increase in allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	-74	40	199	5	60	0	-	-	-	-
Accounts receivable
-1,878	453	0	668	-1,138	105	1,231	-259	-274	554	316	-45	-570	-539	913	-313	-593	85	526	479	-1,278	982	320	404	-1,093	2,440	-933	-307	739	-361	-513	-464	538	-188	-438	-273
Inventory
1,055	414	-1,162	3,268	-79	-3,125	3,515	846	-1,490	-102	2,351	-1,319	-967	82	-619	415	-1,213	-1,037	577	2,054	322	485	-577	-217	-412	1,502	-84	-507	169	-917	1,166	-113	22	-1,543	-421	398
Prepaid Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	488	-474	387	13	513	117	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
306	72	-47	314	-307	-134	256	117	-102	18	-93	-124	-263	190	116	-312	91	101	1	-168	-	-	-21	3	-468	646	-184	-28	60	-84	-1	-97	178	61	-335	21
Accounts payable
14	1,620	-357	-1,459	2,338	-1,035	-236	-2,829	488	302	75	656	-1,198	1,484	-2,048	263	-252	172	377	1,267	105	1,658	163	356	-1,603	485	1,334	28	14	706	105	233	-1,432	851	813	-508
Accrued expenses
-490	388	-355	-380	-458	146	1,515	-13	-142	-59	229	6	-165	158	9	15	17	1	9	11	-17	7	14	-10	2	-20	-55	-24	-82	-5	36	-22	19	-4	37	-18
Other long-term obligations
-	-	-	-	12	3	6	7	6	6	6	31	-160	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recycling fees payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-37	-116	-31	-31
Net cash used in operating activities
-3,533	-3,108	-2,764	-8,756	1,238	-81	-5,779	-4,636	1,307	-1,559	-3,697	527	-928	2,499	-3,349	-755	698	-202	-1,386	-458	-541	584	888	85	2,228	165	-268	-932	531	-499	1,508	-363	-743	-829	-152	-540
Cash flows from investing activities:
Proceeds from sale of property and equipment
15	0	0	30	1,049	-44	27	69	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property and equipment
49	152	69	52	-	-	-	-	278	475	19	41	-175	507	-108	186	117	-15	79	351	-25	200	82	73	155	161	188	98	173	119	105	110	59	68	62	167
Net cash provided by (used in) investing activities
-34	-152	-69	-22	992	-68	-51	69	-278	-475	-19	-41	175	-507	108	-186	-117	15	-79	-351	25	-200	-82	-73	-155	-161	-188	-98	-173	-119	-105	-110	-59	-68	-62	-167
Cash flows from financing activities:
Borrowings under line of credit
12,652	10,951	12,532	18,696	34,065	9,499	-1,191	5,187	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net draw down (repayment) on line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	522	1,104	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	39	36	-	-	-	-
Repayments of line of credit
16,652	8,145	11,038	22,992	29,097	10,806	-5,187	8,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-241	-407	-642	551	-623	70	74	-2,653	-402	-352	3
Capitalization of financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on capital lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	17	16	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock in private placement, net of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	672
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	30	42	104	31	0	0	0	0	25
Principal repayments on term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	40	39	37	27	39	42	-	-	-	-	0	18	26	27
Repayments of line of credit
-	-	-	-	-	-	-	-	-	-37,586	854	-854	-521	-752	1,407	-193	-	-	-	-	-	176	-610	69	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on capital expansion loan
-	-	-	-	-3,040	-204	-196	-507	-187	-183	-178	-177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on long term financial obligation
-	-	-	-	79	68	56	50	52	49	46	44	43	41	39	37	37	33	33	31	30	29	27	25	24	23	22	21	19	19	18	15	15	15	13	11
Advances from officers
-	-	-	-	-	-	-	-	0	-223	120	380	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from officers
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of amounts due to officers
0	0	0	195	-195	0	0	-277	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on capital lease obligation
10	5	25	8	125	77	61	49	46	51	45	45	43	44	45	42	47	28	30	33	129	-108	26	30	-	-	-	-	-	14	13	14	-	12	9	9
Exercise of warrants
0	1	318	46	-	-	-	-	-	-	-	-	71	0	0	45	1	43	0	31	0	0	6	20	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of common stock
7,474	0	0	14,867	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
3,464	2,672	1,787	10,804	-1,794	-1,470	4,261	-4,184	10,750	2,131	3,770	-740	-743	-1,014	3,562	-227	32	1,175	459	1,071	-230	108	-697	-12	371	226	546	593	-624	656	-113	-139	961	337	304	647
Net increase/(decrease) in cash
-	-	-	2,026	-	-	-	-8,751	11,779	97	54	-254	-1,496	978	321	-1,168	613	988	-1,006	262	-746	492	109	0	58	230	90	-437	-266	38	1,290	-612	159	-560	90	-60
Cash paid for interest
90	186	87	135	380	356	281	334	-268	1,213	461	400	903	0	479	364	361	431	194	201	133	195	177	188	194	180	174	164	175	160	165	168	222	166	165	118
Series A Preferred stock converted to common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-39	39
Series B Preferred stock converted to common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	456	34	35	198	81	-	-	-	-
Dividends payable in common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	23	9	-	-	-	-
Property and equipment acquired through capital lease
-	-	-	-	-	-	0	44	0	0	435	288	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B preferred stock dividend payable in common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11
Property and equipment acquired through capital expansion loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	175	311	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment acquired through capital lease
-	-	-	-	-	-	-	-	-	-	-	0	66	0	-268	354	915	0	-250	250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vendor credits issued for fixed asset purchase
-	-	-	-	0	0	0	108	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment acquired through capital expansion loan
-	-	-	-	-	-	0	44	0	0	435	288	1,135	0	1,221	86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets sold to third parties at cost
-	-	-	-	-	-	-	69	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets acquired through Capital Expansion loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued in settlement of Series A and B preferred stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74	16	7	24	8	23	1	0	2