Sunworks, inc. (SUNW)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss

-9,186

-5,740

-7,222

-9,380

1,056

-24,872

-3,814

-2,042

-1,546

Adjustments to reconcile net (loss) to net cash used in operating activities
Depreciation and amortization

353

384

410

323

-

-

-

-

-

Amortization of right-of-use asset

648

-

-

-

-

-

-

-

-

Issuance of common shares in conversion of debt

-

-

-

-

-

-

-

-

0

(Gain)/loss on investment

-

-

-

-

-

-

-

-

0

Stock-based compensation

434

1,313

1,159

6,041

136

425

385

564

499

Goodwill impairment

-

1,900

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

51

10

1

1

1

Expenditures for intangible assets

-

-

-

-

-

-

23

0

-

(Gain) on sale of equipment

23

-

18

0

-

-

-

-

0

Stock issued for services

-

-

21

0

239

76

0

-

104

Amortization of beneficial conversion feature

-

-

807

959

-

-

-

-

-

Amortization of debt issuance costs

159

36

-

-

-

-

-

-

-

(Gain) Loss on change in derivative liability

-

-

-

-

69

-20,770

-2,068

-423

0

Gain on sale of asset

-

-

-

-

-

-

-

-

0

Impairment loss

-

-

-

-

-

-

-

-

0

Amortization of debt discount

-

-

-

-

1,186

4,014

672

96

0

Loss on settlement of debt

-

-

-

-

-

-187

60

-30

-45

Impairment of patents

-

-

-

-

-

23

0

-

-

Common stock issued for commitment fees

-

-

-

-

3

26

0

-

-

Bad debt expense

111

91

281

105

0

-

-

-

-

Inventory allowance

-

-

50

0

-

-

-

-

-

Changes in Assets and Liabilities:
(Increase) Decrease in:
Other receivable

-

-

-

-

-

39

0

-

-

Restricted cash

-

-

-

0

-

13

-

-

-

Accounts receivable

-484

-3,038

1,946

2,746

1,228

1,457

0

-

-

Inventory

-263

-1,217

1,106

2,125

690

23

0

-

-

Deposits and other current assets

-126

1,931

-1,979

87

-

-

-

-

-

Contract assets

-1,289

2,947

-

-

-

-

-

-

-

Contract assets

-

-

-517

-

-

-

-

-

-

Other current assets

-

-

-

-

-76

271

2

-

-

Prepaid expenses

-

-

-

-

-

-

1

-21

0

Cost in excess of billings

-

-

-

2,177

28

1,137

0

-

-

Increase (Decrease) in:
Other asset

-

-

-

-

37

-

-

-2

0

Accounts payable and accrued liabilities

-576

-1,163

112

7,991

368

-

-

-

-

Contract liabilities

-453

-3,040

-

-

-

-

-

-

-

Contract liabilities

-

-

2,290

-

-

-

-

-

-

Customer deposits

695

-2,847

2,841

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

990

6

192

3

Accrued expenses

-

-

-

-

-

-

53

45

1

Billings in excess of cost

-

-

-

3,008

-197

666

0

-

-

Customer deposits

-

-

-

0

-

-

-

-

-

Warranty and other liability

120

75

130

-258

387

138

0

-

-

Operating lease liability

648

-

-

-

-

-

-

-

-

NET CASH USED IN OPERATING ACTIVITIES

-6,456

-5,752

-3,653

1,828

1,253

-409

-690

-663

-889

CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash paid for acquisitions,

-

-

-

-

2,814

572

0

-

-

Purchase of property and equipment

23

9

68

667

224

80

4

0

2

Proceeds from sale of property and equipment

34

6

118

0

-

-

-

-

-

Investment in companies

-

-

-

-

-

-

-

-

0

NET CASH USED IN INVESTING ACTIVITIES

11

-3

50

-667

-3,038

-652

-27

0

-2

CASH FLOWS FROM FINANCING ACTIVITIES:
Loans payable repayments

785

683

-

-

-

-

-

-

-

Promissory note payable repayment

-

-

-

-

0

-

-

-

-

Loans and notes payable repayments

-

-

-672

-2,132

-

0

-

-

-

Proceeds from issuance of note payable, net

-

3,632

-

-

1,780

-

-

-

-

Payment of bank overdraft

-

-

-

-

-

-

-

-12

12

Proceeds from notes payable related parties

-

-

-

-

-

-

-

-

0

Proceeds from convertible promissory notes

-

-

-

-

-

1,465

652

359

0

Proceeds from conversion of warrants

-

-

-

-

13

0

-

-

-

Repayment of notes payable related party

-

-

-

-

-

-

-

-

0

Capital contribution

-

-

-

-

39

0

-

-

0

Proceeds from subsidiary

-

-

-

-

-

-

-

-

0

Proceeds from sale of common stock, net

6,694

-

-

-

11,579

0

42

350

875

Proceeds from exercise of stock options

-

50

-

-

-

-

-

-

-

NET CASH PROVIDED BY (USED) IN FINANCING ACTIVITIES

5,909

2,999

-672

-2,132

13,411

1,465

695

697

888

NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

-536

-2,756

-4,275

-

-

-

-

-

-

NET (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-971

11,626

404

-23

33

-3

CASH PAID FOR:
Interest

477

374

97

94

-

-

-

-

-

Cash paid interest

-

-

-

-

103

-

0

0

0

Taxes

-

-

-

278

282

-

-

-

-

SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS
Issuance of common stock upon conversion of debt

161

118

-

-

-

-

-

-

-

Loans payable issued for purchase of property and equipment

-

-

-

585

-

-

-

-

-

Issuance of common stock upon vesting of restricted stock grants

-

-

-

-

0

-

-

-

-

Issuance of common stock upon conversion of principal and interest on convertible debt

-

-

-

-

0

-

-

-

-

Convertible promissory notes and Preferred Shares issued for acquisitions

-

-

-

-

7,150

-

-

-

-

Loans payable issued for purchase of property and equipment

-

-

-

-

0

-

-

-

-

Issuance of common stock upon conversion of debt

-

-

505

994

1,300

-

-

-

-

Issuance of common stock upon conversion of preferred stock

-

2

-

-

-

-

-

-

-

Operating right-of-use asset and operating lease liability upon adoption of ASU 2016-02, Leases (Topic 842)

2,153

-

-

-

-

-

-

-

-

Issuance of common stock upon conversion of debt

-

-

-

-

-

1,750

0

-

-

Issuance of common stock for fees paid for the extension of maturity date of debt

344

-

-

-

-

-

-

-

-

Fair value of exchanged convertible notes

-

-

-

-

-

15,184

0

-

-

Issuance of common stock upon a cashless exercise of stock options

-

-

-

-

-

1

0

0

0