| Dec'18 | Dec'17 | |||||
|---|---|---|---|---|---|---|
Net loss | ||||||
-35,186 | -23,436 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
8,106 | 8,896 | |||||
Goodwill impairment | ||||||
12,653 | 7,488 | |||||
Asset impairment | ||||||
4,442 | 206 | |||||
Deferred tax | ||||||
- | -59 | |||||
Paid-in-kind interest expense capitalized to convertible note | ||||||
- | 291 | |||||
Changes in fair value of contingent consideration liability | ||||||
-75 | - | |||||
Beneficial conversion feature | ||||||
- | 147 | |||||
Amortization of debt issuance cost | ||||||
- | 69 | |||||
Debt issuance cost written-off | ||||||
- | 318 | |||||
Stock-based compensation expense | ||||||
1,712 | 2,582 | |||||
Changes to operating assets and liabilities, net of effects from acquisitions: | ||||||
Tenant improvement allowances received | ||||||
368 | 625 | |||||
Inventories | ||||||
-68 | 221 | |||||
Prepaid expenses and other current assets | ||||||
-208 | -173 | |||||
Other non-current assets | ||||||
66 | 76 | |||||
Accounts payable and accrued expenses | ||||||
1,583 | 1,508 | |||||
Accrued compensation | ||||||
-145 | 443 | |||||
Deferred revenue | ||||||
-265 | 1,405 | |||||
Deferred rent and other non-current liabilities | ||||||
111 | 252 | |||||
Net cash used in operating activities | ||||||
-6,484 | 614 | |||||
Purchases of property, equipment, and intangible assets | ||||||
2,675 | 1,834 | |||||
Principal payment on term loans | ||||||
- | 6,956 | |||||
Principal payment on convertible note | ||||||
- | 3,300 | |||||
Principal payment on subordinated notes | ||||||
- | 200 | |||||
Acquisition earnout and holdback payments | ||||||
663 | - | |||||
Cash paid for acquisitions, net of earnouts | ||||||
721 | 5,995 | |||||
Net cash used in investing activities | ||||||
-3,396 | -7,829 | |||||
Cash flows from financing activities | ||||||
Repurchase of shares to satisfy tax withholding | ||||||
102 | 428 | |||||
Proceeds from issuance of common stock, net of underwriting discounts and offering costs | ||||||
- | 35,083 | |||||
Proceeds from issuance of related party convertible note | ||||||
- | 3,200 | |||||
Net cash from (used in) financing activities | ||||||
-766 | 27,397 | |||||
Decrease in cash and cash equivalents | ||||||
-10,647 | 20,182 | |||||
Interest paid | ||||||
- | 516 | |||||
Non-cash investing activities: | ||||||
Purchase consideration liabilities related to acquisitions | ||||||
159 | 1,123 | |||||
Dividends on preferred redeemable stock accrued | ||||||
- | 995 | |||||
Paid-in-kind interest expense capitalized to convertible note | ||||||
- | 291 | |||||
Purchase consideration liabilities related to acquisitions | ||||||
159 | 1,123 | |||||
Conversion of convertible notes to equity | ||||||
- | 11,825 | |||||
Conversion of redeemable preferred stock to equity | ||||||
- | 62,388 | |||||