| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||
Net loss | ||||||||
-13,844 | -12,450 | -12,765 | -12,880 | -12,964 | -12,877 | -9,459 | -11,226 | -8,906 |
Adjustments to reconcile net loss to net cash used in operating activities | ||||||||
Stock-based compensation expense | ||||||||
1,447 | 1,081 | 140 | 712 | 1,903 | 135 | 133 | 118 | 116 |
Depreciation and amortization | ||||||||
1,097 | 859 | 812 | 786 | 621 | 606 | 570 | 525 | 466 |
Loss on disposal of fixed assets | ||||||||
- | - | - | - | - | - | - | -79 | -150 |
Provision for bad debts | ||||||||
101 | 27 | 13 | 51 | 13 | 172 | 91 | 8 | 2 |
Provision for inventories | ||||||||
23 | - | - | - | 2 | - | - | - | - |
Loss on disposal of property and equipment | ||||||||
-3 | - | - | - | -23 | - | - | - | - |
Amortization of discount on debt | ||||||||
63 | 63 | 63 | 64 | 44 | 28 | 55 | 26 | 14 |
Change in fair value of warrants | ||||||||
- | - | - | - | - | 0 | -171 | -254 | -128 |
Changes in operating assets and liabilities, net of acquisition: | ||||||||
Accounts receivable | ||||||||
3,875 | 1,449 | -472 | 703 | -847 | 1,321 | -687 | -20 | -189 |
Inventories | ||||||||
12 | -1,681 | -394 | -1,208 | -1,780 | 1,170 | 1,887 | -114 | -691 |
Prepaid expenses and other assets | ||||||||
-33 | 1,746 | -130 | -201 | -197 | -568 | 1,302 | -216 | -75 |
Accounts payable | ||||||||
1,310 | 1,649 | 24 | -481 | -1,094 | 1,232 | -1,678 | 1,939 | -597 |
Contract liabilities | ||||||||
38 | 89 | -15 | -38 | 22 | 13 | -5 | -11 | 18 |
Accrued expenses and other current liabilities | ||||||||
2,894 | 373 | 1,057 | 1,969 | -1,225 | -13 | 1,378 | -1 | -2,570 |
Net cash used in operating activities | ||||||||
-10,722 | -11,132 | -9,644 | -9,055 | -9,831 | -11,422 | -11,511 | -6,605 | -10,480 |
Cash flows from investing activities | ||||||||
Purchases of property and equipment | ||||||||
1,558 | 1,615 | 968 | 1,036 | 1,128 | 1,183 | 1,529 | 1,223 | 1,245 |
Acquisition of business, net of cash acquired | ||||||||
- | 0 | 0 | 0 | 1,560 | - | - | - | - |
Net cash used in investing activities | ||||||||
-1,558 | -1,615 | -968 | -1,036 | -2,688 | -1,183 | -1,529 | -1,223 | -1,245 |
Cash flows from financing activities | ||||||||
Short-term line of credit | ||||||||
995 | 576 | -253 | -844 | 837 | - | - | - | - |
Proceeds from exercise of stock options | ||||||||
40 | - | - | - | - | - | - | - | - |
Proceeds on loans | ||||||||
- | 0 | 0 | 0 | 10,500 | - | - | - | - |
Debt issuance costs | ||||||||
- | -293 | 0 | 0 | 322 | - | - | 750 | 1 |
Proceeds from exercise of stock options and purchase of restricted stock | ||||||||
- | - | - | - | - | 214 | -167 | 99 | 393 |
Net cash provided by financing activities | ||||||||
1,035 | 849 | 48,092 | -507 | 11,015 | 57,575 | 20,607 | -1,714 | 392 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||
-17 | - | - | - | - | - | - | - | - |
Net decrease in cash, cash equivalents and restricted cash | ||||||||
-11,262 | -11,867 | 37,467 | -10,611 | -1,504 | 44,970 | 7,567 | -9,542 | -11,333 |
Supplemental disclosures of cash flow information | ||||||||
Interest paid during the period | ||||||||
1,202 | 1,230 | 1,273 | 1,351 | 939 | 993 | 862 | 597 | 576 |
Property and equipment purchases in accounts payable and accrued expenses | ||||||||
36 | -87 | 107 | 73 | 42 | -451 | 440 | -27 | 59 |
Issuance of warrants in conjunction with debt draw down | ||||||||
- | 0 | 0 | 0 | 293 | - | - | - | - |