v3.19.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (12,597) $ (9,441)
Less: loss from discontinued operations (9) (1,233)
Loss from continuing operations (12,588) (8,208)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 565 332
Accretion of debt discount 2,133 461
Amortization of operating lease right-of-use assets 942  
Provision for bad debts 9 58
Stock-based compensation 1,773 270
Loss on debt conversion 9  
Provision for obsolete inventory 37 235
Mark-to-market of investment security   (9)
Loss (gain) on derivative liability (277)  
(Increase) decrease in:    
Trade accounts receivable 1,675 5,785
Other accounts receivable (68) 2,578
Inventory 2,304 (533)
Prepaid assets (310) 315
Other assets 12 251
(Decrease) increase in:    
Accounts payable (1,356) (8,005)
Accrued expenses 2,022 (120)
Operating lease liabilities (882)  
Net cash used in continuing operating activities (4,000) (6,590)
Net cash provided by (used in) discontinued operating activities (457) 3,979
Net cash used in operating activities (4,457) (2,611)
Cash flows from investing activities:    
Purchase of property and equipment (24) (424)
Purchase of investment securities   (355)
Cash acquired in reverse merger with Cooltech 23 1,264
Acquisition of Cooltech Canada, net of cash acquired   21
Acquisition of Unitron assets, net of cash acquired   (1,432)
Acquisition of Simply Mac, net of cash acquired (4,694)  
Net cash used in investing activities (4,695) (926)
Cash flows from financing activities:    
Proceeds from issuance of notes payable, net of debt issuance costs 7,861 3,255
Payment of notes payable (811) (2,014)
Subscriptions payable   1,220
Sale of common stock, net of offering costs   3,585
Proceeds from warrant exercises 1,154  
Net cash provided by financing activities 8,204 6,046
Effect of exchange rate changes on cash   (851)
Net decrease in cash and cash equivalents (948) 1,658
Cash, cash equivalents and restricted cash, beginning of period 3,293 1,354
Cash, cash equivalents and restricted cash, end of period 2,345 3,012
Cash paid for interest 341 $ 144
Non-cash financing activities:    
Conversion of accounts payable to equity 164  
Record operating lease right-of-use assets and operating lease liabilities $ 4,642