• Filing Date: 2020-11-03
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,362,000) $ (10,941,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,016,000 1,974,000
Unrealized foreign currency transaction (gain) loss (295,000) 135,000
Amortization of debt discount 727,000 626,000
Stock-based compensation expense 1,074,000 1,903,000
Changes in assets and liabilities:    
Accounts receivable 3,942,000 663,000
Prepaid expenses and other current assets (301,000) (451,000)
Inventory (1,104,000) 726,000
Accounts payable (1,906,000) 497,000
Accrued expenses and other current liabilities (1,310,000) (89,000)
Other long-term liabilities (411,000) 383,000
Net cash used in operating activities (1,930,000) (4,574,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (535,000) (150,000)
Net cash used in investing activities (535,000) (150,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 10,000 34,000
Issuance of debt 4,278,000  
Payment of debt costs (19,000)  
Payment of finance lease obligations (341,000) (234,000)
Net cash provided by (used in) financing activities 3,928,000 (200,000)
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 364,000 (217,000)
NET CHANGE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 1,827,000 (5,141,000)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of period 9,459,000 13,075,000
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH — End of period 11,286,000 7,934,000
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 2,854,000 3,070,000
Cash paid for income taxes 20,000 10,000
Supplemental schedule of non-cash investing and financing activities:    
Property and equipment acquired under finance leases 776,000 124,000
Property and equipment acquired under operating leases 0 676,000
Note payable end of term payment accrued but unpaid $ 2,125,000 $ 1,800,000