v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net income (loss) $ (9,924) $ 7,100
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:    
Depreciation and amortization 533 376
Amortization of beneficial conversion feature of convertible debts 0 50
Common stock issued for professional services 0 295
Stock-based compensation 4,915 1,634
Stock-based compensation associated with employment settlement 7,857 0
Bad debt expense 38 47
Non-cash lease expense 497 0
Change in operating assets and liabilities:    
Accounts receivable (240) (1,030)
Inventory (1,475) 1,959
Prepaid expenses and other (659) (1,036)
Accounts payable and accrued expenses 857 364
Deferred rent 0 167
Net cash provided by operating activities 2,399 9,926
INVESTING ACTIVITIES    
Purchase of equipment (872) (331)
Tenant improvements to leasehold real estate (29) (94)
Net cash flows used in investing activities (901) (425)
FINANCING ACTIVITIES    
Repayment of convertible debt in cash 0 (660)
Repayment of unsecured debt (474) (966)
Proceeds from exercise of stock options 279 343
Net cash flows used in financing activities (195) (1,283)
Net increase in cash, cash equivalents and restricted cash 1,303 8,218
Cash, cash equivalents and restricted cash, beginning of period 12,935 2,792
Cash, cash equivalents and restricted cash, end of period 14,238 11,010
Supplemental cash flow disclosures:    
Interest paid 9 150
Income taxes paid 70 70
Supplemental disclosures of non-cash transactions:    
Purchase of property and equipment in accounts payable and accrued expenses 21 0
Operating ROU lease assets obtained in exchange for operating lease liabilities $ 5,405 $ 0

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