| 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 | ||||||||
-51,939 | -51,059 | -51,486 | -48,180 | -46,526 | -42,468 | 0 | 0 | 0 |
Adjustments to reconcile net loss to net cash used in operating activities | ||||||||
Stock-based compensation expense | ||||||||
3,380 | 3,836 | 2,890 | 2,883 | 2,289 | 502 | 0 | 0 | 0 |
Depreciation and amortization | ||||||||
3,554 | 3,078 | 2,825 | 2,583 | 2,322 | 2,167 | 0 | 0 | 0 |
Loss on disposal of fixed assets | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Provision for bad debts | ||||||||
192 | 104 | 249 | 327 | 284 | 273 | 0 | 0 | 0 |
Provision for inventories | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Loss on disposal of property and equipment | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Amortization of discount on debt | ||||||||
253 | 234 | 199 | 191 | 153 | 123 | 0 | 0 | 0 |
Change in fair value of warrants | ||||||||
- | - | - | - | - | -553 | 0 | 0 | 0 |
Changes in operating assets and liabilities, net of acquisition: | ||||||||
Accounts receivable | ||||||||
5,555 | 833 | 705 | 490 | -233 | 425 | 0 | 0 | 0 |
Inventories | ||||||||
-3,271 | -5,063 | -2,212 | 69 | 1,163 | 2,252 | 0 | 0 | 0 |
Prepaid expenses and other assets | ||||||||
1,382 | 1,218 | -1,096 | 336 | 321 | 443 | 0 | 0 | 0 |
Accounts payable | ||||||||
2,502 | 98 | -319 | -2,021 | 399 | 896 | 0 | 0 | 0 |
Contract liabilities | ||||||||
74 | 58 | -18 | -8 | 19 | 15 | 0 | 0 | 0 |
Accrued expenses and other current liabilities | ||||||||
6,293 | 2,174 | 1,788 | 2,109 | 139 | -1,206 | 0 | 0 | 0 |
Net cash used in operating activities | ||||||||
-40,553 | -39,662 | -39,952 | -41,819 | -39,369 | -40,018 | 0 | 0 | 0 |
Cash flows from investing activities | ||||||||
Purchases of property and equipment | ||||||||
5,177 | 4,747 | 4,315 | 4,876 | 5,063 | 5,180 | 0 | 0 | 0 |
Acquisition of business, net of cash acquired | ||||||||
- | 1,560 | 0 | 0 | 0 | - | - | - | - |
Net cash used in investing activities | ||||||||
-5,177 | -6,307 | -5,875 | -6,436 | -6,623 | -5,180 | 0 | 0 | 0 |
Cash flows from financing activities | ||||||||
Short-term line of credit | ||||||||
474 | 316 | 0 | 0 | 0 | - | - | - | - |
Proceeds from exercise of stock options | ||||||||
0 | - | - | - | - | - | - | - | - |
Proceeds on loans | ||||||||
- | 10,500 | 0 | 0 | 0 | - | - | - | - |
Debt issuance costs | ||||||||
- | 29 | 0 | 0 | 0 | - | - | 0 | 0 |
Proceeds from exercise of stock options and purchase of restricted stock | ||||||||
- | - | - | - | - | 539 | 0 | 0 | 0 |
Net cash provided by financing activities | ||||||||
49,469 | 59,449 | 116,175 | 88,690 | 87,483 | 76,860 | 0 | 0 | 0 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||
0 | - | - | - | - | - | - | - | - |
Net decrease in cash, cash equivalents and restricted cash | ||||||||
3,727 | 13,485 | 70,322 | 40,422 | 41,491 | 31,662 | 0 | 0 | 0 |
Supplemental disclosures of cash flow information | ||||||||
Interest paid during the period | ||||||||
5,056 | 4,793 | 4,556 | 4,145 | 3,391 | 3,028 | 0 | 0 | 0 |
Property and equipment purchases in accounts payable and accrued expenses | ||||||||
129 | 135 | -229 | 104 | 4 | 21 | 0 | 0 | 0 |
Issuance of warrants in conjunction with debt draw down | ||||||||
- | 293 | 0 | 0 | 0 | - | - | - | - |