| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net loss | ||||||
-20,070 | -12,677 | -398 | -1,706 | 5,369 | 2,651 | -564 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
4,698 | 4,338 | 3,862 | 3,354 | 2,686 | 2,079 | 1,905 |
Stock-based compensation expense | ||||||
1,453 | 654 | 395 | 455 | 534 | 848 | 629 |
Warrant modification expense | ||||||
- | - | - | - | - | 128 | 0 |
Amortization of deferred financing costs | ||||||
- | - | - | 899 | 41 | 0 | - |
Increase in fair value of contingent acquisition debt | ||||||
- | - | - | - | - | - | 1,130 |
Amortization of debt discounts and issuance costs | ||||||
2,033 | 1,777 | 1,541 | 967 | 428 | 48 | 75 |
Amortization of prepaid advisory fees | ||||||
- | - | 58 | 20 | 0 | - | - |
Equity issuance for services | ||||||
393 | 256 | 30 | 0 | - | - | - |
Stock issuance related to debt financing | ||||||
0 | 106 | - | - | - | - | - |
Issuance cost related to debt financing | ||||||
0 | 125 | - | - | - | - | - |
Change in fair value of warrant derivative liability | ||||||
4,645 | -1,895 | -1,371 | 39 | 15 | 0 | - |
Change in fair value of embedded conversion feature | ||||||
0 | 130 | 0 | - | - | - | - |
Amortization of warrant issuance costs | ||||||
- | - | - | 21 | 0 | - | - |
Expenses allocated to profit sharing agreement | ||||||
0 | -195 | -698 | -528 | -211 | 0 | - |
Change in fair value of contingent acquisition debt | ||||||
-6,600 | -1,664 | -1,462 | -446 | 179 | 52 | - |
Warrant modification expense | ||||||
- | - | - | 253 | 0 | - | - |
Fair value of warrants | ||||||
0 | 341 | 0 | - | - | - | - |
Extinguishment loss on debt | ||||||
-1,082 | -308 | 0 | -1,198 | 0 | - | - |
Changes in inventory reserve | ||||||
1,204 | 0 | - | - | - | - | - |
Non-cash loss on induced debt conversion of convertible notes | ||||||
-4,706 | 0 | - | - | - | - | - |
Loss on impairment of intangible assets | ||||||
3,175 | 0 | - | - | - | - | - |
Increase in allowance for trade accounts receivable | ||||||
225 | 0 | - | - | - | - | - |
Gain on disposal of assets | ||||||
- | - | - | - | -1 | 0 | 56 |
Interest income accrued on note receivable, related party | ||||||
- | - | - | - | - | -3 | -9 |
Deconsolidation of non-controlling interest | ||||||
- | - | - | - | 203 | 0 | - |
Deferred taxes | ||||||
138 | 2,447 | -325 | 1,409 | -4,664 | -19 | - |
Reduction of notes payable | ||||||
- | - | - | - | - | - | -690 |
Changes in operating assets and liabilities, net of effect from business combinations: | ||||||
Accounts receivable | ||||||
61 | -2,165 | -525 | 168 | -665 | -56 | 101 |
Inventory | ||||||
-907 | -581 | -3,515 | -6,194 | -5,810 | -1,055 | 306 |
Advances | ||||||
-5,000 | 0 | - | - | - | - | - |
Prepaid expenses and other current assets | ||||||
158 | -968 | -733 | 885 | -2,095 | -650 | 161 |
Accounts payable | ||||||
-3,250 | 3,554 | 1,159 | 1,608 | 2,643 | 306 | -804 |
Accrued distributor compensation | ||||||
-988 | 114 | -60 | 46 | 1,466 | -354 | 797 |
Deferred revenues | ||||||
-1,074 | 1,516 | -710 | -2,495 | 1,767 | 881 | 0 |
Accrued expenses and other liabilities | ||||||
1,534 | 1,761 | 1,063 | 1,278 | 325 | -785 | 527 |
Income taxes receivable | ||||||
32 | 205 | -138 | 136 | -308 | 0 | - |
Deferred taxes | ||||||
- | - | - | - | - | - | 26 |
Net Cash Used In Operating Activities | ||||||
-12,352 | -2,773 | -1,827 | 1,367 | 1,902 | 4,071 | 3,646 |
Cash Flows from Investing Activities: | ||||||
Acquisitions, net of cash acquired | ||||||
50 | 52 | 48 | 32 | 2,100 | -54 | - |
Acquisitions, net of cash acquired | ||||||
- | - | - | - | - | - | 0 |
Purchases of property and equipment | ||||||
1,337 | 930 | 1,397 | 3,198 | 3,037 | 1,199 | 529 |
Net Cash Used in Investing Activities | ||||||
-1,387 | -982 | -1,445 | -3,230 | -5,137 | -1,145 | -529 |
Cash Flows from Financing Activities: | ||||||
Proceeds from issuance of preferred stock - series B, net of offering costs | ||||||
3,289 | 0 | - | - | - | - | - |
Proceeds from issuance of preferred stock - series C, net of offering costs | ||||||
6,236 | 0 | - | - | - | - | - |
Proceeds from private placement of common stock, net of offering costs | ||||||
2,962 | 0 | - | - | - | - | - |
Proceeds from issuance of notes payable, net of related costs | ||||||
4,825 | 0 | - | - | -225 | -363 | -632 |
Proceeds from the at-the-market-offering and exercise of stock options | ||||||
1,241 | 28 | 30 | 272 | 375 | 6 | 700 |
Proceeds from factoring company, net | ||||||
0 | 1,558 | 833 | - | - | - | - |
Proceeds from other short-term debt, net of loan fees | ||||||
1,907 | 0 | - | - | - | - | - |
Payments of other short-term debt | ||||||
1,461 | 0 | - | - | - | - | - |
Proceeds net of repayment on line of credit | ||||||
-1,552 | 960 | - | - | - | - | - |
Proceeds (payments) of capital leases | ||||||
- | - | 557 | -47 | -94 | -50 | -60 |
Proceeds from factoring company | ||||||
- | - | - | - | -538 | 215 | 743 |
Proceeds from factoring company | ||||||
- | - | - | -82 | - | - | - |
Payments of notes payable | ||||||
164 | 220 | 453 | 1,214 | - | - | - |
Proceeds from line of credit, net | ||||||
- | - | 0 | - | - | - | - |
Proceeds from issuance of secured promissory notes and common stock, net of offering costs | ||||||
- | - | - | 5,080 | 0 | - | - |
Proceeds from issuance of convertible notes, net of offering costs | ||||||
0 | 2,720 | 0 | 2,383 | 4,260 | 0 | - |
Payments of finance leases | ||||||
1,282 | 962 | - | - | - | - | - |
Proceeds for note receivable, related party, net | ||||||
- | - | - | - | - | 62 | -263 |
Payments of contingent acquisition debt | ||||||
-165 | -462 | -773 | -3,338 | -2,488 | -805 | -461 |
Payments of dividends | ||||||
127 | 0 | - | - | - | - | - |
Repurchase of common stock | ||||||
- | - | 36 | 426 | 344 | 224 | 13 |
Net Cash Provided by Financing Activities | ||||||
15,709 | 3,622 | 158 | 2,792 | 2,022 | -1,589 | -1,472 |
Foreign Currency Effect on Cash | ||||||
236 | -63 | 108 | -51 | -110 | -42 | -10 |
Net increase in cash and cash equivalents | ||||||
2,206 | -196 | -3,006 | 878 | -1,323 | 1,295 | 1,635 |
Supplemental Disclosures of Cash Flow Information | ||||||
Cash paid during the period for: Interest | ||||||
4,623 | 3,922 | - | - | - | - | - |
Interest | ||||||
- | - | 2,966 | 2,127 | 2,387 | 1,252 | 951 |
Cash paid during the period for: Income taxes | ||||||
20 | 168 | - | - | - | - | 259 |
Income taxes | ||||||
- | - | 181 | 0 | 698 | 486 | - |
Supplemental Disclosures of Noncash Investing and Financing Activities | ||||||
Purchases of property and equipment funded by finance leases | ||||||
1,880 | 378 | 1,582 | 429 | - | - | - |
Issuance of common stock for services, amount | ||||||
1,815 | 200 | - | - | - | - | - |
Common stock issued in connection with financing | ||||||
- | - | - | 587 | 0 | - | - |
Acquisitions of net assets in exchange for contingent debt net of purchase price adjustments (Note 2) | ||||||
523 | 8,724 | 3,604 | 1,136 | 5,912 | 2,149 | - |
Beneficial conversion feature associated with the issuance of Series C Preferred Stock | ||||||
3,276 | 0 | - | - | - | - | - |
Fair value of stock issued upon the conversion of 2015 Notes (Note 6) | ||||||
3,000 | 0 | - | - | - | - | - |
Fair value of the warrants issued in connection with financing recorded as a derivative liability (Note 7 & 9) | ||||||
1,689 | 2,344 | - | - | - | - | - |
Fair value of stock issued in connection with 2014 Note conversion (Note 6) | ||||||
4,000 | 0 | 0 | - | - | - | - |
Fair value of warrants issued in connection with credit agreement (Note 6) | ||||||
1,486 | 0 | - | - | - | - | - |
Conversion of Factoring Agreement to Line of Credit | ||||||
0 | 2,847 | 0 | - | - | - | - |
Fair value of stock issued upon conversion of 2017 Notes to common stock (Note 6) | ||||||
6,544 | 0 | - | - | - | - | - |
Dividends declared but not paid at the end of period (Note 9) | ||||||
24 | 0 | - | - | - | - | - |
Warrant modification | ||||||
284 | 0 | - | - | - | - | - |
Release of warrant liability upon warrant exercises | ||||||
199 | 0 | - | - | - | - | - |
Common stock issued for the conversion of preferred stock and accrued dividends | ||||||
- | - | - | - | 25 | 0 | - |
Capital lease and accounts payable agreements for manufacturing equipment | ||||||
- | - | - | - | 0 | - | - |
Common stock issued for note receivable | ||||||
- | - | - | - | - | - | 120 |
Capital lease for manufacturing equipment | ||||||
- | - | - | - | - | - | 232 |
Acquisition of net assets in exchange for contingent acquisition debt | ||||||
- | - | - | - | - | - | 868 |
Acquisition of 2400 Boswell, LLC (See Note 5 for non cash activity) | ||||||
- | - | - | - | - | - | 0 |