CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
3 Months Ended |
Mar. 31, 2017 |
Mar. 31, 2016 |
| Cash flows from operating activities |
|
|
| Net loss |
$ (2,241)
|
$ (1,881)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Amortization of stock-based compensation |
433
|
94
|
| Amortization of deferred debt issuance costs and debt discount |
0
|
196
|
| Amortization of trademark |
33
|
33
|
| Gain on settlement of customer refund |
(68)
|
0
|
| Provision for doubtful accounts |
20
|
17
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
19
|
279
|
| Inventories |
467
|
142
|
| Prepaid expenses and other |
198
|
83
|
| Accounts payable |
399
|
536
|
| Accrued expenses |
(313)
|
(270)
|
| Customer refund |
(547)
|
0
|
| Due to related party |
(10)
|
24
|
| Net cash used in operating activities |
(1,610)
|
(747)
|
| Cash flows from financing activities |
|
|
| Proceeds from issuance of preferred stock, net |
0
|
464
|
| Issuance of common stock net of issuance cost |
307
|
0
|
| Proceeds from issuance of bridge financing |
0
|
406
|
| Proceeds from credit facility |
0
|
392
|
| Payments on credit facility |
0
|
(460)
|
| Deferred financing costs |
0
|
(132)
|
| Net cash provided by financing activities |
307
|
670
|
| Net increase in cash |
(1,303)
|
(77)
|
| Cash, beginning of the year |
1,453
|
119
|
| Cash, end of the year |
150
|
42
|
| Cash paid during the period for: |
|
|
| Interest |
1
|
15
|
| Non-cash investing and financing activities: |
|
|
| Deferred IPO costs |
$ 0
|
$ 59
|