| Dec'19 | Dec'18 | Nov'18 | Dec'17 | Nov'17 | Nov'16 | |
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net loss | ||||||
-12,871 | -9,803 | -923 | -25,938 | -307 | -90 | |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation | ||||||
59 | 62 | - | 154 | - | - | |
Amortization of acquired intangibles | ||||||
268 | 372 | - | 1,284 | - | - | |
Loss on sale of digital currencies | ||||||
-4 | -21 | - | - | - | - | |
Bad debt (recovery) expense | ||||||
114 | 167 | - | 3,101 | - | - | |
Change in fair value of warrants | ||||||
0 | 1,329 | - | - | - | - | |
Impairment of digital currencies | ||||||
0 | 334 | - | - | - | - | |
Stock-based compensation | ||||||
1,784 | 450 | - | 118 | - | - | |
Deferred income taxes | ||||||
0 | -387 | - | -93 | - | - | |
Interest income earned on Trust Account | ||||||
- | - | -760 | - | 386 | 0 | |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-1,817 | -2,439 | - | 1,243 | - | - | |
Prepaid expenses and other assets | ||||||
-184 | -15 | - | -46 | - | - | |
Decrease (increase) in prepaid expenses | ||||||
- | - | 1 | - | -15 | 32 | |
Accounts payable | ||||||
740 | 4,156 | 653 | -903 | 100 | 24 | |
Accrued expenses | ||||||
1,133 | -5,789 | -12 | 2,993 | -13 | 25 | |
Deferred revenue | ||||||
581 | 42 | - | 3,491 | - | - | |
Net cash used in operating activities | ||||||
-6,187 | -6,592 | -1,043 | -16,990 | -204 | -72 | |
Investing activities | ||||||
Proceeds received from sale of digital currencies | ||||||
88 | 913 | - | - | - | - | |
Payments for note receivable | ||||||
0 | 536 | - | - | - | - | |
Capital expenditures | ||||||
18 | 0 | - | - | - | - | |
Capital expenditures | ||||||
- | - | - | 27 | - | - | |
Cash withdrawn (deposited) in Trust Account | ||||||
- | - | -52,560 | - | - | - | |
Funds received from related parties for extensions in the Trust Account | ||||||
- | - | 501 | - | - | - | |
Funds received from Phunware for extensions in the Trust Account | ||||||
- | - | 535 | - | - | - | |
Cash deposited in Trust Account | ||||||
- | - | - | - | -604 | -70,386 | |
Interest withdrawn from Trust Account | ||||||
- | - | -746 | - | 554 | 56 | |
Net cash provided by investing activities | ||||||
70 | 377 | 52,269 | -27 | -773 | -70,442 | |
Financing activities | ||||||
Proceeds from borrowings, net of issuance costs | ||||||
1,105 | 0 | - | - | - | - | |
Payment on capital lease obligation | ||||||
- | - | - | 83 | - | - | |
Net (repayments) proceeds from factoring agreement | ||||||
- | - | - | 1,036 | - | - | |
Payments for common shares redeemed | ||||||
- | - | 52,560 | - | - | - | |
Repayment of advances from related parties | ||||||
- | - | -35 | - | - | - | |
Funds received from issuances of notes payable - related parties | ||||||
- | - | 501 | - | - | - | |
Funds received from issuances of notes payable - Phunware | ||||||
- | - | 535 | - | - | - | |
Proceeds from related party bridge loans | ||||||
- | - | 215 | - | - | - | |
Proceeds from PhunCoin deposits | ||||||
212 | 0 | - | - | - | - | |
Net (repayments) proceeds from factoring agreement | ||||||
1,357 | -618 | - | - | - | - | |
Net repayments on factoring agreement | ||||||
1,357 | -618 | - | - | - | - | |
Proceeds from common stock subscriptions, net of issuance costs | ||||||
0 | 5,448 | - | 410 | 0 | 25 | |
Proceeds from common stock subscriptions, net of issuance costs | ||||||
- | - | - | 3,243 | - | - | |
Proceeds from warrant exercises | ||||||
6,092 | 0 | - | - | - | - | |
Proceeds from exercise of options to purchase common stock | ||||||
287 | 152 | - | 10 | - | - | |
(Redemptions, dividend payments) and issuances of Series A convertible preferred stock | ||||||
-6,240 | 6,000 | - | - | - | - | |
Proceeds from Business Combination | ||||||
0 | 98 | - | - | - | - | |
Proceeds from sale of Public Offering Units, net of offering expenses paid | ||||||
- | - | - | - | 0 | 66,995 | |
Proceeds from sale of Private Placement Warrants | ||||||
- | - | - | - | 0 | 3,985 | |
Payments to related parties (including loans) | ||||||
- | - | - | - | 0 | -250 | |
Funds from related parties (including loans) | ||||||
- | - | - | - | 604 | 250 | |
Net cash provided by (used in) financing activities | ||||||
99 | 12,316 | -51,343 | 4,616 | 604 | 71,005 | |
Effect of exchange rate on cash and restricted cash | ||||||
36 | -65 | - | - | - | - | |
Effect of exchange rate on cash and restricted cash | ||||||
- | - | - | 80 | - | - | |
Net increase (decrease) in cash and restricted cash | ||||||
-5,982 | 6,036 | - | - | - | - | |
Net decrease in cash and restricted cash | ||||||
- | - | -117 | -12,321 | -373 | 490 | |
Supplemental disclosure of cash flow information | ||||||
Interest paid | ||||||
603 | 712 | - | 381 | - | - | |
Supplemental disclosure of non-cash information | ||||||
Common stock issuances from subscription payable | ||||||
0 | 3,243 | - | - | - | - | |
Warrants issued in conjunction with Reverse Merger and Recapitalization | ||||||
0 | 1,106 | - | - | - | - | |
Issuance of common stock for payment of legal and board of director fees | ||||||
562 | 0 | - | - | - | - | |
Waiver of sponsor promissory note originally issued in conjunction with Reverse Merger and Recapitalization | ||||||
1,993 | 0 | - | - | - | - | |
Deferred underwriting fees reduction | ||||||
- | - | 1,262 | - | - | - | |
Deferred underwriting fees | ||||||
- | - | - | - | 0 | 1,725 | |
Common stock issued for additional underwriter compensation | ||||||
- | - | - | - | 0 | 1,061 | |
Fair value of unit purchase option issued to underwriter | ||||||
- | - | - | - | 0 | 781 | |
Interest contributed for extension | ||||||
- | - | 34 | - | 200 | 0 | |
Change in value of shares subject to redemption | ||||||
- | - | 339 | - | - | - | |