Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
Jun. 30, 2018 |
Jun. 30, 2017 |
| Cash flows from operating activities |
|
|
| Net Loss |
$ (5,002)
|
$ (2,462)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
1,498
|
1,562
|
| Gain on change in warrant liability |
(1)
|
(231)
|
| Loss from disposal of fixed assets - net of accumulated depreciation |
2
|
75
|
| Stock-based compensation |
87
|
326
|
| Amortization of loan origination fees |
69
|
39
|
| Inventory reserve adjustment for obsolescence |
30
|
|
| Allowance for doubtful accounts |
(46)
|
(14)
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
1,479
|
1,053
|
| Inventory |
(66)
|
52
|
| Other current assets |
(5)
|
(13)
|
| Other assets |
3
|
40
|
| Accounts payable |
(439)
|
(1,403)
|
| Accrued liabilities |
302
|
(1,215)
|
| Deferred revenue |
632
|
491
|
| Deferred rent and other liabilities |
(121)
|
(107)
|
| Net cash used in operating activities |
(1,578)
|
(1,807)
|
| Cash flows from investing activities |
|
|
| Purchases of property and equipment |
(28)
|
(107)
|
| Net cash used in investing activities |
(28)
|
(107)
|
| Cash flows from financing activities |
|
|
| Borrowings on secured line of credit |
1,900
|
|
| Payments on secured line of credit |
(2,050)
|
(1,274)
|
| Proceeds from bridge loan |
2,000
|
|
| Debt issuance costs |
(66)
|
|
| Net cash provided by (used in) financing activities |
1,784
|
(1,274)
|
| Effect of exchange rate changes on cash |
21
|
248
|
| Net increase (decrease) in cash and cash equivalents |
199
|
(2,940)
|
| Cash and cash equivalents, beginning of year |
1,538
|
5,142
|
| Cash and cash equivalents, end of year |
1,737
|
2,202
|
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid during the year for interest |
$ 42
|
$ 12
|