Vuzix Corp VUZI Cash Flow

Vuzix corp (VUZI)

CashFlow / TTM

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
-25,478	-26,476	-22,456	-21,777	-22,869	-21,875	-22,191	-22,895	-20,817	-19,633	-20,089	-19,622	-19,656	-19,250	-16,424	-13,813	-12,112	-13,427	-16,236	-17,113	-14,471	-7,868	-7,246	-5,802	-7,698	-10,146	-5,865	-5,190	231	322	127	388	-4,303	-3,879	0	0	0
Non-Cash Adjustments
Depreciation and Amortization
2,531	2,441	2,319	2,068	1,755	1,469	1,210	1,084	1,032	998	955	900	841	770	703	595	490	380	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Software Development Costs in Cost of Sales - Products
100	100	100	150	125	100	75	71	143	214	286	286	286	286	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Impairment of Patents and Trademarks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55	64	0	0	0	-	-	-	-
Stock-Based Compensation
1,290	1,498	1,734	2,212	2,253	2,272	2,680	2,298	2,150	1,852	1,128	894	793	756	707	665	629	568	460	474	354	260	221	159	159	159	172	104	134	172	214	266	286	298	0	0	0
Impairment of Patents and Trademarks
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	354	390	379	377	371	399	431	468	0	0	0	-	-	-	-
Amortization of Software Development Costs in cost of sales products
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143	71	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Awards Compensation Expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,669	1,669	1,475	1,475	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Issued for Services
-	-	-	-	-	-	-	-	-	-	32	98	135	174	313	411	569	1,057	1,379	1,216	922	395	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Term Debt Discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Amortization of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
(Gain) Loss on Derivative Valuation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Amortization of Term Debt Discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	52	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Term Debt Discounts and Deferred Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	533	-589	-473	-294	46	744	870	714	368	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Term Debt Discounts and Deferred Issuance Costs
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on Derivative Valuation
-	-	-	-	-	-13	-44	-24	25	20	142	41	-44	34	-187	-69	6	-1,098	-5,287	-7,044	-5,772	-2,194	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) Decrease in Operating Assets
Amortization of Senior Term Debt Discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Accounts Receivable
721	599	-82	-1,020	-851	-201	577	1,901	730	870	351	40	264	-222	-545	17	-198	-57	547	-81	67	168	-46	-59	-36	44	-101	76	-246	-607	-760	-1,028	-975	-228	0	0	0
Accrued Project Revenue
0	-	-	-	-	-497	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued Project Revenue
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
2,130	2,998	2,006	3,154	3,833	3,429	3,960	3,018	2,706	2,352	1,145	1,060	439	426	2,210	2,384	2,392	2,437	680	170	-22	-41	436	430	386	266	-52	-233	-69	-717	-1,690	-1,971	-2,320	-1,208	0	0	0
Vendor Prepayments
87	-512	986	101	260	600	0	0	0	-	-	-	-123	-225	-1,072	-419	179	213	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Offering Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Prepaid Expenses and Other Assets
-164	-414	-94	-321	-90	69	135	184	-21	9	-430	-412	0	78	495	426	301	306	380	439	179	208	-98	-101	-77	37	-17	-85	-44	-14	-14	52	3	-110	0	0	0
Increase (Decrease) in Operating Liabilities
Accounts Payable
-417	-1,605	-943	-820	179	-846	187	810	744	2,640	290	751	565	178	1,131	368	-390	-1,276	-1,344	-1,404	-1,445	-237	-556	-1,322	-831	-379	74	764	-566	-912	-1,354	-385	66	-362	0	0	0
Accrued Expenses
-137	21	53	-32	13	-26	235	280	294	554	-25	-90	49	31	438	302	201	143	-62	-6	-10	1	22	-42	12	34	162	176	172	99	-38	98	19	17	0	0	0
Customer Deposits
-	-152	-316	-228	-136	78	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned Revenue
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer Deposits
-	-	-	-	-	-	-	-	-	-	-	0	55	-	22	13	33	-92	-117	-5	-39	-10	62	-16	-0	67	9	9	30	-329	-709	-861	-348	-897	0	0	0
Unearned Revenue
-	-	-	-	-	-	-	0	0	-	-	-122	183	440	296	192	45	16	34	28	28	13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income and Other Taxes Payable
0	-	0	0	0	-	0	0	11	-	-17	-15	-4	5	14	11	-13	-28	-37	-32	-57	-40	16	10	62	54	9	8	4	1	0	-4	-2	-8	0	0	0
Accrued Compensation
-	-	-	-	-	-327	-408	315	-388	-321	49	165	264	290	0	0	0	-	-	-	-	-	-	-	-	0	166	200	236	200	200	200	243	200	0	0	0
Accrued Interest
-	-	-	-	-	-171	27	-87	13	65	343	349	140	123	-118	-112	93	92	105	123	120	103	-368	-267	-99	24	540	489	540	667	858	924	834	724	0	0	0
Net Cash Flows Used in Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Flows Used in Operating Activities
-20,679	-22,355	-22,659	-21,471	-21,945	-22,542	-22,308	-21,670	-19,103	-16,465	0	0	0	-	-	-	-	-	-	-	-6,283	-4,609	-5,587	-6,331	-5,905	-5,091	-3,172	-2,243	-3,376	-2,823	-2,457	-1,053	985	-1,503	0	0	0
Cash Flows from Investing Activities
Purchase of Fixed Assets
1,395	1,898	1,914	2,048	1,783	1,365	1,370	1,621	1,725	1,681	1,685	1,865	1,890	2,039	2,890	2,558	2,285	1,892	559	283	157	195	236	219	193	145	111	76	152	180	508	736	708	800	0	0	0
Investments in Software
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	618	884	722	521	240	0	0	0	-	-	-	-	-	-	-	-
Investments in Patents and Trademarks
-	250	304	474	421	444	767	615	621	599	198	182	158	147	128	121	214	191	184	169	83	86	102	89	65	72	63	74	78	67	73	91	102	97	0	0	0
Investments in Licenses and Other Intangible Assets
264	758	1,807	1,796	1,787	1,250	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in Software Development
-	-	-	-	-	87	167	396	452	408	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used in Investing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used in Investing Activities
-2,118	-3,157	-4,026	-4,319	-4,036	-3,147	-2,555	-2,883	-2,799	-2,689	0	0	0	-	-	-	-	-	-	-	-578	-901	-1,223	-1,031	-780	-459	-164	-204	7,289	7,272	6,926	6,746	-811	-897	0	0	0
Cash Flows from Financing Activities
Proceeds from Exercise of Warrants
-	-	-	-	-	39	39	39	39	0	0	0	0	-	-	-	-	1,272	2,017	2,313	2,435	2,682	1,984	1,642	1,503	56	0	0	0	-	-	-	-	-	-	-	-
Repayment of Capital Leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	21	20	21	24	26	34	45	55	68	76	89	92	50	59	64	64	0	0	0
Repayment of Long-Term Debt and Notes Payable
-	-	-	-	-	-	-	-	-	-	-	-	-	76	99	110	104	197	233	304	391	345	448	2,173	2,074	2,137	1,962	166	4,590	4,474	0	0	0	-	-	-	-
Proceeds from Common Stock Offerings
-	-	-	-	-	30,000	42,561	51,128	51,128	21,128	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Senior Convertible Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	800	800	0	0	0	0	-	-	-	-
Issuance Costs on Senior Convertible Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Proceeds from Preferred Stock Offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,813	24,813	24,813	24,813	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance Costs on Common Stock Offerings
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	214	0	214	221	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance Costs on Common Stock Offerings
-	-	-	-	-	1,975	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Change in Lines of Credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-112	0	0	0	112	0	0	0	-	-	-	-	-539	-452	-450	-402	556	0	0	0
Net Cash Flows Used in Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Notes Payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	382	597	597	614	364	0	0	0	-	-	-	-
Repayment of Notes Payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net Cash Flows from Financing Activities
-	-	-	-	-	28,064	39,657	47,575	47,575	19,510	0	0	0	-	-	-	-	-	-	-	29,474	5,285	4,806	9,253	6,426	5,794	5,733	1,000	-3,792	-4,800	-4,709	-4,804	-574	182	0	0	0
Net Increase (Decrease) in Cash and Cash Equivalents
-3,943	-6,657	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase (Decrease) in Cash and Cash Equivalents
-	-	-	-	-	-	-	-	25,672	-	2,735	1,543	2,181	2,656	-10,130	-10,461	-14,670	11,792	15,507	13,076	22,612	-225	-2,004	1,890	-260	243	2,397	-1,447	120	-351	-241	888	-400	-2,218	0	0	0
Supplemental Disclosures
Interest Paid in Cash
-	-	-	-	-	-	-	-	32	22	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Paid in Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	30	-	42	71	73	88	758	358	312	230	49	424	227	170	-318	-290	110	284	0	0	0
Common Stock and Warrants Issued for Services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	936	1,227	1,408	703	564	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash Investing and Financing Activities
Investment in Other Intangible Assets included in Accrued Expenses
-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Term Debt and Accrued Interest into Common Stock
-	-	-	-	-	-	-	-	-	1,861	1,861	2,180	1,516	342	387	67	157	472	452	1,052	962	625	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of Derivative Liability Upon Warrant Exercise
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable from Stock Option Exercise
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	11,543	14,171	14,171	14,171	2,627	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cumulative Revenue Adjustment - ASC 606 Adoption
-	-	-	-	-	81	81	81	81	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable from Stock Option Exercise
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unamortized Common Stock Expense included in Prepaid Expenses
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-Cash Investment in Licenses and Other Intangible Assets
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-Based Compensation Expense - Expensed less Previously Issued
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of Derivative Liability Upon Warrant Exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income Taxes Paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	19	-21	-9	-11	39	0	0	0
Discount on senior convertible debenture attributed to warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	621	621	0	0	0	0	-	-	-	-
Warrants granted for senior convertible debenture issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66	66	66	66	0	0	0	0	-	-	-	-
Equipment Acquired Under Capital Lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44	0	0	0