REED'S, INC. REED Cash Flow

Reed's, inc. (REED)

CashFlow / TTM

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
-16,112	-14,949	-13,058	-11,974	-10,325	-18,581	-21,524	-17,995	-18,373	-9,875	-4,506	-5,422	-5,009	-3,129	-5,347	-5,270	-3,961	-4,643	-2,129	-805	-754	-191	-205	-1,337	-1,520	-1,729	-1,741	-803	-524	-5	-201	-700	-941	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Fair value of stock options issued to employees & consultant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-739	-509	-396	-378	-732	-545	-327	-231	240	200	107	192	210	234	258	0	0	0
Depreciation
61	-394	-226	-78	86	613	221	607	551	0	0	0	-	-	957	981	933	902	847	787	755	699	613	586	550	569	664	700	738	737	717	692	653	0	0	0
Gain on sale or disposal of equipment
45	0	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount on long-term financing obligation
323	0	0	157	-	-	1,288	1,334	1,379	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of right of use assets
91	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock options issued to employees for services
-	0	0	-1,412	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of vested stock options issued to employees
-	-	-	-	-	-	-	-	-	-	584	629	658	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of shares granted for services
-	520	-231	181	100	780	1,296	793	680	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	5	8	13	23	47	74	104	131	0	0	0
Increase (decrease) in allowance for doubtful accounts
248	341	236	121	-22	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	19	-100	-160	134	9	103	324	-24	58	71	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase in inventory reserve
-	0	0	338	-	-520	-239	-286	-394	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment acquired through capital lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	493	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of warrant liability
-30	-118	-13	44	2	58	156	-3,261	-3,275	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrual of interest on convertible note to a related party
528	515	500	485	471	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liability
-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrual of interest on Convertible Note Payable
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
(Decrease) increase in allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	223	170	304	264	0	0	0	-	-	-	-
Accounts receivable
-757	-17	-365	866	-61	803	1,252	337	551	255	-838	-241	-509	-532	92	-295	497	-188	709	503	428	613	2,071	818	107	1,939	-862	-442	-599	-800	-627	-552	-361	0	0	0
Inventory
3,575	2,441	-1,098	3,579	1,157	-254	2,769	1,605	-560	-37	147	-2,823	-1,089	-1,335	-2,454	-1,258	381	1,916	3,438	2,284	13	-721	296	789	499	1,080	-1,339	-89	305	158	-468	-2,055	-1,544	0	0	0
Prepaid Inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	414	440	1,031	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
645	32	-174	129	-68	137	289	-60	-301	-462	-290	-81	-269	85	-4	-119	25	0	0	0	-	-	159	-3	-34	494	-236	-53	-122	-4	141	-193	-75	0	0	0
Accounts payable
-182	2,142	-513	-392	-1,762	-3,612	-2,275	-1,964	1,521	-165	1,017	-1,106	-1,499	-553	-1,865	560	1,564	1,921	3,407	3,193	2,282	574	-599	572	244	1,861	2,082	853	1,058	-388	-243	465	-276	0	0	0
Accrued expenses
-837	-805	-1,047	823	1,190	1,506	1,301	15	34	11	228	8	17	199	42	42	38	4	10	15	-6	13	-14	-83	-97	-181	-166	-75	-73	28	29	30	34	0	0	0
Other long-term obligations
-	-	-	-	28	22	25	25	49	-117	-123	-129	-160	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recycling fees payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-215	0	0	0
Net cash used in operating activities
-18,161	-13,390	-10,363	-13,378	-9,258	-9,189	-10,667	-8,585	-3,422	-5,657	-1,599	-1,251	-2,533	-907	-3,608	-1,645	-1,348	-2,587	-1,801	473	1,016	3,785	3,366	2,210	1,193	-504	-1,168	608	1,177	-97	-427	-2,087	-2,264	0	0	0
Cash flows from investing activities:
Proceeds from sale of property and equipment
45	1,079	1,035	1,062	1,101	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property and equipment
322	0	0	0	-	-	-	-	813	360	392	265	410	702	180	367	532	390	605	608	330	510	471	577	602	620	578	495	507	393	342	299	356	0	0	0
Net cash provided by (used in) investing activities
-277	749	833	851	942	-328	-735	-703	-813	-360	-392	-265	-410	-702	-180	-367	-532	-390	-605	-608	-330	-510	-471	-577	-602	-620	-578	-495	-507	-393	-342	-299	-356	0	0	0
Cash flows from financing activities:
Borrowings under line of credit
54,831	76,244	74,792	61,069	47,560	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net draw down (repayment) on line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Repayments of line of credit
58,827	71,272	73,933	57,708	43,204	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-739	-1,121	-644	72	-3,132	-2,911	-3,333	-3,404	0	0	0
Capitalization of financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on capital lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock in private placement, net of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	672	0	0	0
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	176	207	177	135	31	0	25	0	0	0
Principal repayments on term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	166	143	142	145	0	0	0	-	-	-	-	71	0	0	0
Repayments of line of credit
-	-	-	-	-	-	-	-	-	-38,107	-1,273	-720	-59	0	0	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on capital expansion loan
-	-	-	-	-3,947	-1,094	-1,073	-1,055	-725	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on long term financial obligation
-	-	-	-	253	226	207	197	191	182	174	167	160	154	146	140	134	127	123	117	111	105	99	94	90	85	81	77	71	67	63	58	54	0	0	0
Advances from officers
-	-	-	-	-	-	-	-	277	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from officers
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of amounts due to officers
195	0	0	0	-472	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on capital lease obligation
48	163	235	271	312	233	207	191	187	184	177	177	174	178	162	147	138	220	84	80	77	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Exercise of warrants
365	0	0	0	-	-	-	-	-	-	-	-	116	46	89	89	75	74	31	37	26	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of common stock
22,341	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
18,727	13,469	9,327	11,801	-3,187	9,357	12,958	12,467	15,911	4,418	1,273	1,065	1,578	2,353	4,542	1,439	2,737	2,475	1,408	252	-831	-230	-112	1,131	1,736	741	1,171	512	-220	1,365	1,046	1,463	2,249	0	0	0
Net increase/(decrease) in cash
-	-	-	-726	-	-	-	3,179	11,676	-1,599	-718	-451	-1,365	744	754	-573	857	-502	-998	117	-145	659	397	378	-59	-383	-575	625	450	875	277	-923	-371	0	0	0
Cash paid for interest
498	788	958	1,152	1,351	703	1,560	1,740	1,806	2,977	1,764	1,782	1,746	1,204	1,635	1,350	1,187	959	723	706	693	754	739	736	712	693	673	664	668	715	721	721	671	0	0	0
Series A Preferred stock converted to common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Series B Preferred stock converted to common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	490	525	723	348	0	0	0	-	-	-	-
Dividends payable in common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Property and equipment acquired through capital lease
-	-	-	-	-	-	44	479	723	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series B preferred stock dividend payable in common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Property and equipment acquired through capital expansion loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment acquired through capital lease
-	-	-	-	-	-	-	-	-	-	-	-202	152	1,001	1,001	1,019	915	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Vendor credits issued for fixed asset purchase
-	-	-	-	108	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment acquired through capital expansion loan
-	-	-	-	-	-	44	479	723	1,858	1,858	2,644	2,442	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets sold to third parties at cost
-	-	-	-	-	-	-	0	-	-	-	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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	121	55	62	56	32	26	0	0	0