CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
6 Months Ended |
Jun. 30, 2017 |
Jun. 30, 2016 |
| Cash flows from operating activities |
|
|
| Net loss |
$ (3,879)
|
$ (3,121)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Stock-based compensation |
659
|
179
|
| Amortization of deferred debt issuance costs and debt discount |
0
|
691
|
| Amortization of trademark |
66
|
65
|
| Gain on settlement of customer refund |
(68)
|
0
|
| Provision for doubtful accounts |
20
|
119
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
622
|
(513)
|
| Inventories |
498
|
(396)
|
| Prepaid expenses and other |
294
|
87
|
| Accounts payable |
331
|
445
|
| Accrued expenses |
(302)
|
317
|
| Customer refund |
(504)
|
(25)
|
| Due to related parties |
(10)
|
0
|
| Net cash used in operating activities |
(2,273)
|
(2,152)
|
| Cash flows from financing activities |
|
|
| Proceeds from issuance of preferred stock, net |
0
|
2,393
|
| Issuance of common stock, net of issuance cost |
419
|
0
|
| Proceeds from issuance of convertible notes |
340
|
0
|
| Short-term loan - related party |
100
|
24
|
| Proceeds from issuance of bridge financing |
0
|
406
|
| Payments on trademark note payable |
0
|
(75)
|
| Proceeds from credit facility |
0
|
581
|
| Payments on credit facility |
0
|
(474)
|
| Prepaid IPO costs |
0
|
(613)
|
| Deferred financing costs |
0
|
(57)
|
| Net cash provided by financing activities |
859
|
2,185
|
| Net (decrease) increase in cash |
(1,414)
|
33
|
| Cash, beginning of the period |
1,453
|
119
|
| Cash, end of the period |
39
|
152
|
| Cash paid during the period for: |
|
|
| Interest |
1
|
29
|
| Non-cash investing and financing activities: |
|
|
| Conversion of related party debt into equity |
100
|
0
|
| Deferred IPO costs |
$ 0
|
$ 356
|