Sunworks, inc. (SUNW)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss

-11,399

-9,186

-7,645

-6,837

-8,547

-5,740

-7,316

-8,899

-6,045

-7,222

-7,457

-11,584

-11,907

-9,380

-4,541

2,948

2,081

1,056

-7,417

-22,583

-22,237

-24,872

-19,184

-6,919

-7,754

-3,814

-3,120

-1,916

-1,690

-2,042

0

0

0

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

342

353

364

373

381

384

391

397

402

410

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right-of-use asset

596

648

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common shares in conversion of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

(Gain)/loss on investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Stock-based compensation

408

434

463

515

1,205

1,313

1,509

1,657

1,174

1,159

1,110

4,713

6,230

6,041

5,793

1,923

124

136

-446

-99

107

425

1,003

689

595

385

547

609

587

564

0

0

0

Goodwill impairment

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

240

151

92

51

30

23

13

10

6

3

2

1

1

1

1

1

0

0

0

Expenditures for intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

23

18

18

0

0

0

0

(Gain) on sale of equipment

-

-

-

-

-

-

-

18

19

18

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Stock issued for services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

239

271

318

261

76

0

0

0

-

-

-

-

-

0

0

0

Amortization of beneficial conversion feature

-

-

-

-

-

-

-

-

-

807

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

289

159

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) Loss on change in derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

-6,169

-19,161

-18,862

-20,770

-15,692

-3,799

-4,239

-2,068

-1,336

-234

-92

-423

0

0

0

Gain on sale of asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Impairment loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,010

1,186

2,106

2,601

3,169

4,014

3,003

2,448

1,825

672

500

258

124

96

0

0

0

Loss on settlement of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60

28

8

-30

-30

0

0

0

Common stock issued for commitment fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Bad debt expense

210

111

122

40

103

91

119

254

277

281

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory allowance

-

-

-

-

-

-

-

-

-

50

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in Assets and Liabilities:
Accounts receivable

541

-484

-2,042

-146

-642

-3,038

-1,123

-8,705

-4,097

1,946

-4,367

824

-272

2,746

5,756

8,280

6,584

1,228

4,693

3,208

392

1,457

516

245

617

0

0

0

0

-

-

-

-

Inventory

-1,018

-263

-1,927

-2,211

-3,553

-1,217

10

665

2,798

1,106

748

1,301

1,147

2,125

2,267

1,799

2,090

690

312

4

37

23

0

0

0

-

-

-

-

-

-

-

-

Deposits and other current assets

-280

-126

-812

-397

-249

1,931

1,255

532

79

-1,979

-888

-226

206

87

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract assets

2,126

-1,289

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract assets

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract Assets

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-76

-32

528

913

271

285

-107

-67

2

0

0

0

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-3

-10

-16

-21

0

0

0

Cost in excess of billings

-

-

-

-

-

-

-

-

-

-

-

-

-

2,177

5,366

11,342

3,344

28

365

-1,183

1,369

1,137

0

0

0

-

-

-

-

-

-

-

-

Other asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Increase (Decrease) in:
Other asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

0

0

0

-

-

-

-

-

-

-

-

-2

0

0

0

Accounts payable and accrued liabilities

1,485

-576

921

1,325

-811

-1,163

-320

-1,667

539

112

-4,375

-6,950

-1,119

7,991

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Contract liabilities

-1,699

-453

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

4

695

663

553

-2,201

-2,847

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract Liabilities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

6

28

109

152

192

0

0

0

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

31

30

37

45

0

0

0

Billings in excess of cost

-

-

-

-

-

-

-

-

-

-

-

-

-

3,008

1,154

2,564

-492

-197

411

74

902

666

0

0

0

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-

-

629

473

213

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warranty and other liability

120

120

75

75

74

75

120

120

146

130

0

0

0

-

-

-

-871

387

108

339

685

138

55

-195

591

0

0

0

0

-

-

-

-

Operating lease liability

596

648

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH USED IN OPERATING ACTIVITIES

-8,192

-6,456

-4,033

-1,641

-2,882

-5,752

-5,807

-2,317

-1,618

-3,653

737

-2,815

145

1,828

336

1,239

-3,586

1,253

-2,621

-2,500

-108

-409

227

-52

-1,104

-690

-700

-666

-643

-663

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,814

431

921

484

572

1,062

572

571

0

0

0

0

-

-

-

-

Purchase of property and equipment

0

-

-

-

-

9

33

31

34

68

67

121

146

667

807

771

764

224

108

107

98

80

35

20

7

4

-1

-3

0

0

0

0

0

Proceeds from sale of property and equipment

-

-

-

-

-

6

106

106

124

118

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in companies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

NET CASH USED IN INVESTING ACTIVITIES

0

-

-

-

-

-3

73

75

90

50

-49

-103

-146

-667

-2,700

-2,664

-3,094

-3,038

-539

-1,028

-582

-652

-1,097

-596

-583

-27

-21

-15

-18

0

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Loans payable repayments

757

785

804

824

685

683

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition promissory note

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Promissory note payable repayment

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans and notes payable repayments

-

-

-

-

-

-

-

-

-

-672

-574

-367

-2,026

-2,132

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash received from subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Payment of bank overdraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12

0

0

0

Proceeds from notes payable related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from convertible promissory notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,465

1,570

1,840

2,002

652

863

636

474

359

0

0

0

Repayment of notes payable related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Capital contribution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from sale of common stock, net

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

201

11,579

11,579

11,579

11,578

0

0

0

20

42

61

209

282

350

0

0

0

NET CASH PROVIDED BY (USED) IN FINANCING ACTIVITIES

12,072

5,909

2,460

-38

2,846

2,999

3,003

3,005

-675

-672

-574

-367

-2,226

-2,132

-234

-238

1,873

13,411

11,131

11,625

11,578

1,465

2,060

1,840

2,022

695

810

720

672

697

0

0

0

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

3,864

-536

-1,539

-1,647

-38

-2,756

-2,731

763

-2,203

-4,275

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-971

-2,598

-1,663

-4,807

11,626

7,971

8,097

10,886

404

1,189

1,191

334

-23

89

37

9

33

0

0

0

CASH PAID FOR:
Interest

434

477

559

562

480

374

291

165

108

97

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

31

0

0

0

0

0

0

0

0

0

0

Taxes

-

-

-

-

-

-

-

-

-

-

278

278

300

278

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

505

270

270

514

994

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

2,153

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock upon conversion of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

317

317

2,650

1,750

1,750

1,750

1,750

0

0

0

0

-

-

-

-

Issuance of common stock upon conversion of debt at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock upon a cashless exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

0

0

0

0

0

0

0

0

0

0