XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (7,471) $ (8,060)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,439 3,887
Provision for bad debts, net of recoveries 230 232
Provision for excess and obsolete inventory, net of recoveries 309 820
Share-based compensation expense 1,057 880
Amortization of debt discount and debt issuance costs 2,443 2,443
Deferred income taxes (18) (4)
Other 120 1,014
Changes in assets and liabilities:    
Accounts receivable (3,290) (3,141)
Inventories (7,850) 2,798
Prepaid expenses and other assets 314 3,555
Accounts payable 3,509 (9,093)
Accrued expenses, income taxes, and other 2,175 289
Net cash used in operating activities (5,033) (4,380)
Cash flows from investing activities:    
Purchases of property, plant and equipment (428) (326)
Proceeds from the sale of property, plant and equipment 50 25
Additions to capitalized software development costs and purchases of intangible assets (3,942) (555)
Net cash used in investing activities (4,320) (856)
Cash flows from financing activities:    
Proceeds from the exercise of warrant to purchase common stock 10,639 0
Net repayment of DigiCore bank and overdraft facilities (35) (218)
Principal payments under finance lease obligations (268) (209)
Principal payments on mortgage bond 0 (85)
Proceeds from stock option exercises, net of taxes paid on vested restricted stock units 287 382
Net cash provided by (used in) financing activities 10,623 (130)
Effect of exchange rates on cash (407) 280
Net increase (decrease) in cash, cash equivalents and restricted cash 863 (5,086)
Cash, cash equivalents and restricted cash, beginning of period 31,076 21,259
Cash, cash equivalents and restricted cash, end of period 31,939 16,173
Cash paid during the year for:    
Interest 1,200 1,212
Income taxes 48 243
Supplemental disclosures of non-cash activities:    
Transfer of inventories to rental assets 791 1,142
Capital expenditures financed through accounts payable 2,232 $ 21
Right-of-use assets obtained in exchange for operating leases liabilities $ 3,554