Vuzix Corp VUZI Cash Flow

Vuzix corp (VUZI)

CashFlow / Quarterly

Mar'20	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	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows from Operating Activities
Net Loss
-5,361	-9,583	-5,476	-5,055	-6,359	-5,563	-4,797	-6,148	-5,365	-5,879	-5,502	-4,069	-4,181	-6,334	-5,035	-4,103	-3,775	-3,509	-2,424	-2,402	-5,090	-6,318	-3,301	239	1,511	-5,696	-1,856	-1,656	-936	-1,416	-1,181	3,764	-844	-1,611	-920	-927	-420
Non-Cash Adjustments
Depreciation and Amortization
648	645	628	607	559	523	377	294	273	264	251	242	239	221	196	183	169	154	88	78	59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Software Development Costs in Cost of Sales - Products
25	25	25	25	25	25	75	0	0	0	71	71	71	71	71	71	71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	111
Impairment of Patents and Trademarks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	55	0	0	9	-	-	-	-
Stock-Based Compensation
282	296	329	382	489	532	807	424	508	939	425	276	210	216	191	175	173	166	149	139	113	59	162	19	19	19	101	19	19	32	32	49	57	74	85	69	69
Impairment of Patents and Trademarks
57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59	101	99	93	95	90	98	86	123	122	135	-	-	-	-
Amortization of Software Development Costs in cost of sales products
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71	71	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Awards Compensation Expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	194	0	1,475	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Issued for Services
-	-	-	-	-	-	-	-	-	-	0	100	0	-67	65	136	38	72	163	294	526	395	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Term Debt Discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-	6	695	69	-	-	-	-
Amortization of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	245	11	1	-	0	0	0	-	-	-	-
(Gain) Loss on Derivative Valuation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-259	280	14	-	0	0	0	-	-	-	-
Amortization of Term Debt Discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	121	-	-	-	-	37	11	3	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Term Debt Discounts and Deferred Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	498	11	11	11	-624	127	190	352	74	253	33	6	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Term Debt Discounts and Deferred Issuance Costs
-	-	-	-	-	-	-	-	-	-	0	29	145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on Derivative Valuation
-	-	-	-	-	0	21	-63	28	-30	41	-13	22	91	-59	-99	101	-129	58	-23	-1,003	-4,318	-1,698	1,248	2,575	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) Decrease in Operating Assets
Amortization of Senior Term Debt Discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62
Accounts Receivable
-450	406	-58	824	-572	-275	-996	993	77	503	327	-178	217	-15	17	45	-269	-338	580	-170	-128	266	-48	-21	-27	51	-61	1	53	-94	115	-321	-307	-246	-152	-269	439
Accrued Project Revenue
160	-	-	-	-	0	0	0	-497	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued Project Revenue
-	-	-	-	-	-	-	-	-	-	266	420	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-39	1,471	380	317	828	479	1,528	997	424	1,009	586	686	69	-196	501	64	57	1,587	675	73	101	-169	164	-118	82	308	159	-162	-38	-10	-21	1	-686	-983	-302	-347	425
Vendor Prepayments
231	-1,257	984	129	-368	241	99	288	-28	-	-	-	68	-61	-218	88	-33	-908	434	687	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Offering Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	-	-	-	0	-	-	-	-
Prepaid Expenses and Other Assets
-187	-91	173	-58	-437	229	-54	172	-277	295	-6	-33	-246	-144	12	380	-169	272	-56	255	-164	347	1	-4	-136	40	-1	19	-20	-14	-69	60	9	-13	-2	10	-104
Increase (Decrease) in Operating Liabilities
Accounts Payable
235	210	-734	-128	-952	872	-611	871	-1,978	1,906	10	805	-82	-444	472	619	-469	509	-290	-139	-1,355	441	-350	-180	-146	122	-1,117	310	304	576	-427	-1,019	-41	133	542	-567	-470
Accrued Expenses
-330	7	237	-52	-171	39	151	-6	-211	301	196	7	49	-279	132	147	32	127	-4	46	-25	-78	51	42	-13	-57	-13	97	8	70	0	93	-64	-68	137	13	-66
Customer Deposits
-	0	-0	-73	-77	-164	87	18	137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned Revenue
-42	-	-	-	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer Deposits
-	-	-	-	-	-	-	-	-	-	-	-60	42	-	8	-17	24	7	-1	2	-101	-17	110	-31	-72	56	30	-15	-3	-1	30	5	-363	-381	-121	518	-912
Unearned Revenue
-	-	-	-	-	-	-	69	-26	-	-	-159	-211	139	109	146	44	-4	5	0	15	13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income and Other Taxes Payable
2	-	13	-18	43	-	9	-1	19	-	4	-8	-1	-11	5	3	8	-2	2	-22	-6	-11	8	-47	10	45	2	3	2	1	0	0	-0	0	-4	2	-6
Accrued Compensation
-	-	-	-	-	0	-838	603	-92	-81	-115	-99	-25	290	0	0	0	-	-	-	-	-	-	-	-	-116	16	-29	129	50	50	6	93	50	50	50	50
Accrued Interest
-	-	-	-	-	-211	127	-77	-10	-12	12	24	40	265	18	-184	23	24	23	21	22	37	41	18	5	-434	142	186	130	81	90	237	257	271	157	147	147
Net Cash Flows Used in Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,174	-3,212	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Flows Used in Operating Activities
-4,198	-4,303	-6,368	-5,808	-5,874	-4,608	-5,180	-6,282	-6,470	-4,373	-4,543	-3,715	-3,833	-	-	-	-	-	-	-	-2,747	-1,258	-1,371	-905	-1,073	-2,237	-2,115	-479	-259	-317	-1,187	-1,612	294	47	217	426	-2,194
Cash Flows from Investing Activities
Purchase of Fixed Assets
221	462	149	562	724	478	283	296	306	483	534	400	262	488	714	425	411	1,339	382	152	18	6	105	26	57	47	88	1	9	13	52	77	37	341	279	49	128
Investments in Software
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25	161	201	280	240	0	0	0	-	-	-	-	-	-	-	-
Investments in Patents and Trademarks
-	67	45	96	41	121	214	43	64	444	62	50	42	43	46	26	30	25	39	119	7	17	25	32	11	33	11	8	18	24	22	12	7	29	41	23	2
Investments in Licenses and Other Intangible Assets
43	-48	10	258	537	1,000	0	250	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in Software Development
-	-	-	-	-	0	0	43	43	79	229	100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used in Investing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-451	-442	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used in Investing Activities
-264	-730	-205	-917	-1,303	-1,600	-498	-634	-415	-1,007	-826	-550	-305	-	-	-	-	-	-	-	-26	0	-292	-260	-348	-321	-100	-9	-27	-26	-140	7,484	-45	-371	-321	-73	-130
Cash Flows from Financing Activities
Proceeds from Exercise of Warrants
-	-	-	-	-	0	0	0	39	0	0	0	0	-	-	-	-	10	45	16	1,200	754	341	139	1,447	56	0	0	0	-	-	-	-	-	-	-	-
Repayment of Capital Leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6	5	5	4	4	7	8	7	12	17	18	20	20	30	21	-21	28	36	21
Repayment of Long-Term Debt and Notes Payable
-	-	-	-	-	-	-	-	-	-	-	-	-	24	-2	46	8	46	8	41	100	83	78	128	55	185	1,803	28	119	10	8	4,452	4	-	-	-	-
Proceeds from Common Stock Offerings
-	-	-	-	-	0	0	0	30,000	12,561	8,567	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Senior Convertible Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	200	0	800	0	0	0	0	-	-	-	-
Issuance Costs on Senior Convertible Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17	47	160	-	0	0	0	-	-	-	-
Proceeds from Preferred Stock Offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	24,813	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance Costs on Common Stock Offerings
-	-	-	-	-	-	-	-	-	-	650	0	0	-	-	-	-	214	-214	-7	221	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance Costs on Common Stock Offerings
-	-	-	-	-	0	0	0	1,975	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Change in Lines of Credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-112	112	0	0	0	-	-	-	-	112	0	-422	-230	200	2	-375	728
Net Cash Flows Used in Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Notes Payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	132	250	214	0	150	0	-	-	-	-
Repayment of Notes Payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97	114	206
Net Cash Flows from Financing Activities
-	-	-	-	-	0	0	0	28,064	11,593	7,917	0	0	-	-	-	-	-	-	-	25,573	778	256	2,865	1,383	299	4,704	38	752	239	-28	-4,755	-255	329	-123	-525	501
Net Increase (Decrease) in Cash and Cash Equivalents
-4,463	-5,034	12,280	-6,726	-7,177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase (Decrease) in Cash and Cash Equivalents
-	-	-	-	-	-	-	-	21,178	-	2,547	-4,266	-4,138	8,592	1,355	-3,627	-3,663	-4,195	1,024	-7,836	22,799	-479	-1,407	1,699	-38	-2,258	2,488	-451	465	-105	-1,356	1,116	-6	5	-226	-172	-1,824
Supplemental Disclosures
Interest Paid in Cash
-	-	-	-	-	-	-	-	19	22	0	-10	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Paid in Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	7	-	-3	7	17	20	25	10	32	690	-375	-35	-49	509	0	-232	-106	20	28	168	66
Common Stock and Warrants Issued for Services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	54	705	138	328	235	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash Investing and Financing Activities
Investment in Other Intangible Assets included in Accrued Expenses
-	-	-	-	250	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Term Debt and Accrued Interest into Common Stock
-	-	-	-	-	-	-	-	-	0	0	663	1,197	0	319	0	22	45	0	90	337	25	600	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of Derivative Liability Upon Warrant Exercise
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,826	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable from Stock Option Exercise
-	-	-	-	-	-	-	-	-	-	-	-	14	-	-	-	-	0	0	0	11,543	2,627	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cumulative Revenue Adjustment - ASC 606 Adoption
-	-	-	-	-	0	0	0	81	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable from Stock Option Exercise
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unamortized Common Stock Expense included in Prepaid Expenses
295	-	-	-	463	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-Cash Investment in Licenses and Other Intangible Assets
544	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-Based Compensation Expense - Expensed less Previously Issued
72	-	-	-	76	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of Derivative Liability Upon Warrant Exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income Taxes Paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	42	0	-7	-15	1	12	-10	35
Discount on senior convertible debenture attributed to warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	621	0	0	0	0	-	-	-	-
Warrants granted for senior convertible debenture issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	66	0	0	0	0	-	-	-	-
Equipment Acquired Under Capital Lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	36	7