Vislink Technologies, Inc. VISL Cash Flow

Vislink technologies, inc. (VISL)

CashFlow / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Cash flows used in operating activities
Net loss
-6,387	-4,995	-3,575	-3,090	-2,954	-2,207	-5,943	-3,769	-12,257	-5,347	-1,041	8,292	-9,152	-3,105	-4,582	-4,063	-7,302	-3,061	-3,957	-3,537	-	-	-	-	-3,773	-15,926	-3,570	-4,181
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,153	-	-	-	-
Adjustments to reconcile net loss to net cash used in operating activities
Gain on bargain purchase
-	-	-	-	-	-	-	-	-4,619	0	3,691	11,839	0	0	2,237	512	0	0	0	0	-	-	-	-	-	-	-	-
Loss on debt and payable extinguishment
-	-	-	-	-	-	-	-	-1,099	9	1,090	2,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation (option awards)
366	494	600	609	614	640	1,659	815	812	794	438	165	210	-21	78	102	98	154	145	133	133	131	147	214	259	201	201	135
Payment made in stock (payroll and consultants)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	147	48	38	59	1	17	17
Payment made in stock (payroll and consultants)
-	0	0	66	-	204	1,436	68	-	878	757	669	975	940	825	195	292	477	992	73	-	-	-	-	-	-	-	-
Stock issuance commitments
130	31	114	45	239	85	105	90	586	-257	83	303	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	-	-	-	0
Provision for bad debt
-	-	-	-	-	-	-	-	-	-	-	-	539	-5	79	18	-3	15	54	12	-10	20	2	2	16	0	0	0
Inventory valuation adjustments
4,393	223	42	47	120	119	121	113	1,350	355	-23	99	2,225	82	54	56	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of right of use assets, operating leases
297	113	423	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization and depreciation
602	586	588	589	577	671	818	887	1,138	1,128	1,143	989	1,443	1,251	1,515	1,352	1,953	958	958	960	1,009	956	958	948	1,058	442	435	435
Inventory valuation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Change in fair value of derivative liabilities
-110	-281	-747	74	-684	-848	-1,045	-609	-112	-183	-27	217	-1,240	-2,565	1,774	-514	-992	-1,103	21	-485	0	0	0	0	-	-	-	-
Guaranteed interest and debt issuance costs
-	-	-	-	-	-	-	-	-	0	0	434	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of financing instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	57	75	44
Non-cash interest costs
0	7	34	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	-	-	-	-	-	-	-	-
Non-monetary exchange
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-65	0	0	-	-	-	-
Changes in assets and liabilities
Accounts receivable
2,019	-667	253	-738	1,156	-60	-1,112	-1,795	2,214	-3,036	-1,348	3,243	241	514	17	-89	-196	203	462	-133	0	-28	113	100	804	0	0	0
Inventories
-1,126	497	246	-458	-903	-1,619	534	1,213	-93	259	-1,449	-732	-173	-392	-306	-174	175	-18	-199	-312	307	84	323	962	1,583	585	453	0
Prepaid expenses and other current assets
-331	50	55	84	-300	389	-133	230	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	79	462	97	35	-61	20	47	30	-46	-55	-31	-19	6	-10	26	-633	-22	362	0
Accounts payable
-542	-508	1,724	-1,297	173	-758	-1,953	-827	984	-1,175	757	2,430	-230	40	455	-126	-158	-246	223	509	180	-106	-396	-651	863	-1,187	1,086	424
Deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-38	-26	-	-	0	0	-	-	-	-	-607	797	514	596
Accrued expenses and interest expense
-784	-1,178	1,294	336	-338	-594	-550	304	-609	-1,881	-87	2,906	209	-65	17	179	1,002	101	-337	330	111	-52	283	17	-202	55	203	-35
Deferred revenue and customer deposits
-	-	-	-	-	-	-	-	-	-19	44	-41	-29	-119	-112	145	-	-	-	-	0	0	0	0	-	-	-	-
Deferred revenue and customer deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	188	-480	-	-	-	-	-	-	-	-
Due to related parties
2	139	89	-55	-165	-45	-142	-45	-60	-205	892	765	129	-5	170	142	-1,469	658	671	55	844	-150	-150	1,105	-1,150	23	565	653
Deferred revenue and customer deposits
268	315	702	-72	-403	345	773	269	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash acquired in the acquisition of IMT
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net cash used in operating activities
-2,211	-4,937	357	-1,564	-1,148	-874	-2,005	-2,352	-1,935	-2,921	490	-119	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows (used in) provided by investing activities
Acquisition of property and equipment
44	108	210	39	0	33	6	30	-43	22	79	316	0	0	2	10	-126	30	0	130	20	0	30	84	184	98	0	12
Long term capital lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Net cash provided by (used in) operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,836	-	-2,060	-1,173	-1,911	-2,810	-3,462	-4,109	-4,523	-6,154	-5,040	-1,289	-1,912
Cash used in Vislink acquisition
-	-	-	-	-	-	-	-	-	-	-	-	0	0	500	-477	-	-	-	-	-	-	-	-	-	-	-	-
Cash used in Vislink acquisition
-	-	-	-	-	-	-	-	-	0	0	6,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-44	-132	-210	-39	95	122	-6	-30	43	-22	-79	-6,816	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows provided by financing activities
Capitalization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	476	549	542	625	666	540	372	193	143	752	1,019	688
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	467	-	-579	-542	-755	-686	-540	-402	-277	-327	-850	-1,019	-700
Principal repayments made on capital lease obligations
-	-	-	-	0	34	3	11	16	15	14	14	14	14	13	12	127	-36	30	35	31	30	31	31	123	0	0	0
Proceeds from multiple issuances of convertible preferred stock, common stock and warrants
-	-	-	-	-	-	-	-	-	3,200	0	3,500	10,000	5,002	980	3,557	-4,670	3,970	0	2,677	664	0	0	0	-	-	-	-
Costs incurred in connection with multiple financings
-	-	-	-	-	-	-	-	0	441	0	459	1,168	701	187	604	946	0	0	0	-	-	-	-	-	-	-	-
Proceeds received from issuance of convertible notes payable
-	-	-	-	-	-	-	-	-	-	-	-	0	0	500	500	0	303	1,167	0	-	-	-	-	0	0	0	450
Principle repayments of notes payable
-	-	-	-	-	-	-	-	-1,176	0	0	2,000	0	0	0	0	-	702	0	0	-	-	-	-	-	-	-	-
Proceeds received from the exercise of warrants
-	-	-	-	-	-	-	-	0	535	0	1,589	-	-	-	75	1,741	17	600	-600	-	-	-	-	-	-	-	-
Proceeds from convertible promissory notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	770	2,042	2,182
Principal repayments on convertible promissory notes
-	-	-	85	-	-	-	-	-	-	-	-	0	190	0	1,031	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
3,493	5,167	-56	-85	1,846	-34	3,634	-11	-16	3,279	-838	2,616	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,485	-	3,624	1,737	2,042	2,365	931	8,785	-31	9,440	8,423	2,042	2,632
Effect of exchange rate changes on cash
-	-	-	7	-	-	-	49	-6	-279	365	-17	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash
-	-	-	-1,681	-	-	-	-2,344	-1,914	57	-62	-4,336	7,222	1,678	-330	116	-773	985	-65	-537	-	-	-	-	2,959	2,533	-266	20
Net (decrease) in cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,831	-	-	-	-
Cash paid for interest
71	1,741	7	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	0	0	242	0	0	154	0	472	0	240	0	0	-	-	-	-	-	-	-	-
Cash paid for taxes
-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Supplemental cash flow disclosures of non-cash investing and financing activities:
Common stock issued in connection with: Compensation awards for services previously accrued
-52	0	52	71	0	0	0	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series D Convertible Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Services previously accrued
-	-	-	-	-	-	-	-	-	0	0	295	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of amounts due to related parties
-	-	-	-	-	-	-	-	-	60	60	60	60	60	244	0	0	0	0	1,756	-	-	-	-	-	-	-	-
Settlement of notes payable to sellers of Vislink with assumption of liabilities and debt extinguishment
-	-	-	-	-	-	-	-	0	0	0	7,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease assets
-	0	0	2,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-	0	0	2,955	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of principal and interest under convertible promissory notes
-	-	-	-	-	-	-	-	-	-	-	-	0	145	215	250	150	0	0	0	-	-	-	0	0	0	0	15,000
Conversion of Series D Convertible Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,379	-	-	-	-	-	-	-	-
Total debt issuance costs and guaranteed interest incurred from leak-out agreement
-	-	-	-	-	-	-	-	-	0	0	434	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock in connection with the payment of a bonus
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77	0	27	168	0	0	0	0
Stock issued as payment of fees on convertible preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88	-	-	-	-	-	-	-	-
Stock issued as payment of interest on convertible notes
-	-	-	-	-	-	-	-	0	90	0	90	0	90	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of amounts due to related parties
-	0	1	30	-	60	110	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash disclosures of ROU assets and operating lease obligations (Note 11):
Common stock issued in connection with conversion of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-
Settlement of notes payable to sellers of Vislink with assumption of liabilities and debt extinguishment
-	-	-	-	-	-	-	-	0	0	0	7,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of derivative liabilities to stockholders equity upon the exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	0	2,003	313	63	193	942	-205	460	-	-	0	0	-	-	-	-
Amortization of commitment fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	159	45	45	45	-	-	-	-	-	-	-	-
Stock issued as payment of fees on convertible preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Stock issued as payment of fees under the $15M purchase agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	249	45	0	0	-	-	-	-
Conversion of convertible bridge loan payable including interest and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,982	0	4,041
Due to related party refinanced under the bridge loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,057	74	262
Acquisition of equipment under capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87	-	-	-	-	-	-	-	-
Dividends and deemed dividend on Series B Convertible Preferred Stock conversion
-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,438	370	-	-	2,385	1,070	-	-	-	-	-	-	-	-
Amount of consideration:
-	-	-	-	-	-	-	-	0	0	0	16,000	0	0	0	3,000	0	0	0	0	-	-	-	-	-	-	-	-
Amount of consideration:
-	-	-	-	-	-	-	-	0	0	0	16,000	0	0	0	3,000	0	0	0	0	-	-	-	-	-	-	-	-
Gain on bargain purchase
-	-	-	-	-	-	-	-	-4,619	0	3,691	11,839	0	0	2,237	512	0	0	0	0	-	-	-	-	-	-	-	-