v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES    
Net income (loss) $ (16,610) $ 10,001
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:    
Depreciation and amortization 716 519
Amortization of beneficial conversion feature of convertible debts 0 51
Common stock issued for professional services 0 295
Stock-based compensation 5,589 2,925
Stock-based compensation associated with founders employment settlements 9,531 0
Bad debt expense 236 49
Inventory write-down 248 0
Non-cash lease expense 817 0
Deferred taxes (644) (10)
Accounts receivable    
Accounts receivable 927 (1,882)
Inventory (1,669) (60)
Prepaid expenses and other current assets (3,016) (832)
Accounts payable and accrued expenses 1,648 1,308
Deferred rent 0 195
Net cash provided by (used in) operating activities (2,227) 12,559
INVESTING ACTIVITIES    
Purchase of equipment (1,118) (893)
Tenant improvements to leasehold real estate (29) (351)
Net cash used in investing activities (1,147) (1,244)
FINANCING ACTIVITIES    
Repayment of convertible debt in cash 0 (660)
Repayment of unsecured debt (474) (1,026)
Proceeds from exercise of stock options 521 514
Net cash provided by (used in) financing activities 47 (1,172)
Net increase (decrease) in cash, cash equivalents and restricted cash (3,327) 10,143
Cash, cash equivalents and restricted cash, beginning of year 12,935 2,792
Cash, cash equivalents and restricted cash, end of year 9,608 12,935
Supplemental cash flow disclosures:    
Interest paid 9 153
Income taxes paid 99 70
Supplemental disclosure of non-cash transactions:    
Purchase of property and equipment in accounts payable and accrued expenses 89 0
Operating ROU lease assets obtained in exchange for operating lease liabilities 5,405 0
Recognition of equity award and withholding obligation and receivable 6,409 0
Purchase of insurance through issuance of note payable $ 0 $ 533

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