| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net loss | ||||||||
8,845 | 270 | 506 | -1,706 | -3,473 | -7,971 | -4,838 | -4,960 | -5,994 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Depreciation and amortization | ||||||||
588 | 809 | 1,030 | 939 | - | - | - | - | - |
Depreciation and amortization | ||||||||
- | - | - | - | 907 | 860 | 920 | 914 | 919 |
Loss on disposition of wine assets | ||||||||
- | - | - | - | - | - | 1,715 | - | - |
Loss on disposition | ||||||||
- | - | - | - | - | - | - | 0 | - |
Provision for doubtful accounts | ||||||||
93 | 59 | 123 | 61 | -49 | 133 | 86 | 68 | -2 |
Amortization of deferred financing costs | ||||||||
193 | 112 | 160 | 177 | 166 | 161 | 96 | 61 | 12 |
Change in fair value of warrant liability | ||||||||
- | - | - | - | - | 5,392 | - | - | - |
Deferred income tax benefit, net | ||||||||
-9,523 | -73 | -645 | -129 | 288 | -590 | - | -148 | -148 |
Change in fair value of warrant liability | ||||||||
- | - | - | - | - | - | -302 | -109 | 0 |
Income tax expense (benefit), net | ||||||||
- | - | - | - | - | - | -118 | - | - |
(Loss) income from equity investment in non-consolidated affiliate | ||||||||
146 | 87 | 51 | 18 | 0 | -502 | -22 | -28 | -2 |
Effect of changes in foreign currency translation | ||||||||
197 | -77 | 83 | -190 | -4 | -284 | -247 | -722 | -80 |
Stock-based compensation expense | ||||||||
1,971 | 1,974 | 1,577 | 1,370 | 787 | 393 | 282 | 190 | 169 |
Addition to provision for obsolete inventories | ||||||||
545 | 376 | 240 | 200 | - | - | - | - | - |
Addition to provision for obsolete inventory | ||||||||
- | - | - | - | 281 | 200 | 684 | 275 | -39 |
Changes in operations, assets and liabilities: | ||||||||
Accounts receivable | ||||||||
3,519 | 1,656 | 1,182 | -85 | 1,671 | 1,959 | 861 | 730 | 217 |
Due from affiliates | ||||||||
- | - | -3 | -135 | 23 | 193 | 180 | -93 | 214 |
Inventory | ||||||||
10,157 | 5,898 | 4,344 | 6,498 | 7,223 | 1,246 | 4,028 | 2,006 | -301 |
Prepaid expenses and supplies | ||||||||
2,030 | 39 | 2,066 | 117 | -77 | 591 | 200 | -222 | 46 |
Other assets | ||||||||
278 | 103 | 60 | 92 | 272 | 188 | 152 | 189 | -87 |
Accounts payable and accrued expenses | ||||||||
5,089 | -2,085 | 2,217 | 3,163 | 1,321 | -597 | 880 | 1,082 | -362 |
Accrued interest | ||||||||
10 | 10 | 10 | 10 | 0 | 6 | -8 | 230 | 181 |
Due to related parties | ||||||||
-52 | 627 | 820 | -625 | 27 | -416 | 767 | -150 | 1,058 |
Other liabilities | ||||||||
37 | -13 | 20 | 0 | 0 | - | - | - | - |
Total adjustments | ||||||||
-17,378 | -5,911 | -2,229 | -1,147 | -5,378 | 2,152 | -148 | 554 | 1,785 |
NET CASH USED IN OPERATING ACTIVITIES | ||||||||
-8,532 | -5,641 | -1,723 | - | - | - | - | -4,405 | -4,209 |
NET CASH USED IN OPERATING ACTIVITIES | ||||||||
- | - | - | -2,854 | -8,852 | -5,819 | -4,986 | - | - |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Purchase of equipment | ||||||||
263 | 294 | 364 | 466 | 333 | 234 | 93 | 306 | 202 |
Acquisition of intangible assets | ||||||||
- | 14 | 2 | 23 | 160 | 26 | 53 | 37 | 64 |
Investment in consolidated entity | ||||||||
- | - | 20,000 | 0 | 0 | - | - | - | - |
Investment in non-consolidated affiliate, at equity | ||||||||
- | 156 | - | 500 | 0 | 0 | - | - | 150 |
Payments on Bourbon term loan | ||||||||
- | - | - | 744 | 1,270 | 481 | -2,496 | - | - |
Change in restricted cash | ||||||||
- | - | - | - | - | - | - | - | 243 |
Payments under contingent consideration agreements | ||||||||
- | - | - | - | - | - | - | - | 131 |
NET CASH USED IN INVESTING ACTIVITIES | ||||||||
-263 | -464 | -20,367 | - | - | - | - | -487 | -305 |
Change in restricted cash | ||||||||
- | - | - | 0 | 0 | -60 | 0 | 26 | - |
Payments under contingent consideration agreements | ||||||||
- | - | - | - | - | 5 | 145 | 117 | - |
NET CASH USED IN INVESTING ACTIVITIES | ||||||||
- | - | - | -990 | -494 | -207 | -293 | - | - |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Proceeds from 5% Convertible notes | ||||||||
- | - | - | - | - | - | 0 | - | - |
Issuance of term loan in connection with inventory purchase | ||||||||
- | - | - | - | - | - | - | 0 | - |
Net proceeds from credit facility | ||||||||
8,352 | 5,471 | 1,044 | - | - | - | 89 | 0 | - |
Net proceeds from (payments on) credit facility | ||||||||
- | - | - | 1,965 | 8,170 | -4,548 | 2,651 | - | - |
Proceeds from 11% Subordinated note | ||||||||
- | - | 20,000 | 0 | 0 | - | - | - | - |
Payments on 5% convertible note | ||||||||
50 | - | - | - | - | - | - | - | - |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Keltic facility | ||||||||
- | - | - | - | - | - | - | 3,849 | 0 |
Payments on Junior loan | ||||||||
- | - | - | - | -1,250 | 1,250 | 0 | - | - |
Proceeds from 5% Convertible notes | ||||||||
- | - | - | - | - | 2,125 | - | - | - |
Net (payments on) proceeds from credit facility | ||||||||
-28 | 119 | - | -34 | 21 | -73 | - | -2,000 | 2,500 |
Proceeds from issuance of common stock | ||||||||
- | - | - | 3,251 | 3,319 | 4,531 | 0 | - | - |
Proceeds from issuance of common stock under employee stock purchase plan | ||||||||
78 | 33 | - | 0 | - | - | - | - | - |
Note payable - Betts & Scholl | ||||||||
- | - | - | - | - | - | - | 327 | 212 |
Promissory note - Frost Gamma Investments Trust | ||||||||
- | - | - | - | - | - | - | - | 2,000 |
Promissory note - $1.0 million note | ||||||||
- | - | - | - | - | - | - | - | 1,000 |
Interim notes - affiliate investors | ||||||||
- | - | - | - | - | - | - | 1,005 | 0 |
Issuance of series A convertible preferred stock | ||||||||
- | - | - | - | - | - | - | 2,155 | 0 |
Payments for costs of stock issuance | ||||||||
- | - | 14 | 124 | 186 | 184 | 0 | 346 | 0 |
Subsidiary dividend paid to non-controlling interests | ||||||||
- | - | - | 600 | 0 | 0 | - | - | - |
Proceeds from exercise of common stock warrants | ||||||||
- | - | - | - | 598 | 3,848 | 0 | - | - |
Proceeds from exercise of common stock options | ||||||||
589 | 235 | 251 | 374 | 222 | 25 | 0 | - | 7 |
Repurchase of common stock | ||||||||
- | - | - | - | - | - | - | - | 1,023 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||||||||
8,942 | 5,860 | 21,281 | - | - | - | - | 4,336 | 4,272 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||||||||
- | - | - | 4,087 | 9,626 | 6,493 | 5,237 | - | - |
EFFECTS OF FOREIGN CURRENCY TRANSLATION | ||||||||
-34 | 62 | -3 | -3 | 2 | 2 | - | - | - |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||||
110 | -183 | -813 | - | - | - | - | - | - |
EFFECTS OF FOREIGN CURRENCY TRANSLATION | ||||||||
- | - | - | - | - | - | -2 | -6 | 9 |
NET DECREASE IN CASH AND CASH EQUIVALENTS | ||||||||
- | - | - | 238 | 283 | 469 | -45 | -563 | -233 |
SUPPLEMENTAL DISCLOSURES: | ||||||||
Schedule of non-cash investing and financing activities: | ||||||||
Conversion of series A preferred stock to common stock | ||||||||
- | - | - | - | - | 8,349 | 219 | - | - |
Surrender of common stock in connection with exercise of common stock warrant | ||||||||
- | - | - | - | 31 | 0 | - | - | - |
Conversion of 5% convertible note to common stock | ||||||||
- | 1,632 | - | 0 | 451 | - | - | - | - |
Common stock issued in connection with the acquisition of an additional 20.1% of noncontrolling interests | ||||||||
- | - | 2,448 | 0 | 0 | - | - | - | - |
Interest paid | ||||||||
4,298 | 3,554 | 1,159 | 894 | - | - | - | - | - |
Conversion of 5% convertible note, and accrued interest thereon, to common stock | ||||||||
- | - | - | - | - | 0 | - | - | - |
Issuance of warrant liability in connection with series A convertible preferred stock | ||||||||
- | - | - | - | - | - | 794 | 794 | 0 |
Issuance of common stock in exchange for fine wine inventory | ||||||||
- | - | - | - | - | - | - | - | 840 |
Interest paid | ||||||||
- | - | - | - | 937 | 867 | 442 | 248 | 189 |
Income taxes paid | ||||||||
127 | 1,904 | 1,553 | 1,079 | 293 | 14 | 25 | - | - |