Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) $ (12,346) $ (9,282)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Depreciation 981 1,016
Amortization 166 174
Provision for bad debts 236 0
Stock-based compensation 876 1,024
Change in fair value of acquisition note payable 219 (101)
Change in fair value of warrant liability 6,717 (17)
Amortization of debt issuance costs 31 6
Amortization of discount on debt 48 0
Loss in equity method investment 19 27
Loss on extinguishment of debt 78 0
Changes in:    
Accounts receivable (1,638) (5,323)
Other current assets (370) 148
Other non-current assets 38 (12)
Accounts payable, accrued expenses and deferred revenue (2,361) (253)
Deferred rent payable and other (83) (9)
Net cash (used in) operating activities (7,389) (12,602)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (400) (319)
Patent costs (63) (86)
Purchase of cost method investment (200) 0
Net cash (used in) investing activities (663) (405)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on capital lease obligations (101) (84)
Proceeds from warrant exercises 1,771 0
Proceeds from option exercises 4 0
Proceeds from offerings of common stock with derivative warrants, net of certain offering costs 0 4,517
Proceeds from borrowings on Silicon Valley Bank line of credit 2,000 0
Proceeds from Partners for Growth IV, L.P. term note 6,000 0
Principal payments on Silicon Valley Bank term note (4,667) (333)
Payment of debt issuance costs and loan fees (287) 0
Net cash provided by financing activities 4,720 4,100
Net (decrease) in cash and cash equivalents (3,332) (8,907)
CASH AND CASH EQUIVALENTS    
Beginning 9,502 19,459
Ending 6,170 10,552
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Cash paid for interest 410 202
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Fixed assets acquired through capital lease arrangements 567 0
Derivative warrants issued with debt $ 1,004 $ 0