XML 43 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (27,013) $ (3,902)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 12,770 10,564
Provision for bad debts, net of recoveries 691 536
Provision for excess and obsolete inventory, net of recoveries 389 1,219
Share-based compensation expense 5,955 3,678
Amortization of debt discount and debt issuance costs 7,329 7,328
Deferred income taxes (13) (4)
Non-cash gain on extinguishment of acquisition-related liabilities 0 (17,174)
Other 1,349 1,227
Changes in assets and liabilities:    
Accounts receivable (1,912) (13,038)
Inventories (2,525) 1,779
Prepaid expenses and other assets (4,535) 2,423
Accounts payable (8,887) 879
Accrued expenses, income taxes, and other 1,404 616
Net cash used in operating activities (14,998) (3,869)
Cash flows from investing activities:    
Purchases of property, plant and equipment (4,169) (936)
Proceeds from the sale of property, plant and equipment 454 109
Additions to capitalized software development costs and purchases of intangible assets (16,800) (1,527)
Net cash used in investing activities (20,515) (2,354)
Cash flows from financing activities:    
Gross proceeds received from issuance of Series E preferred stock 10,000 0
Gross proceeds received from private placement 0 19,661
Principal payments on term loans 0 (500)
Proceeds from the exercise of warrant to purchase common stock 10,639 0
Net repayment of DigiCore bank and overdraft facilities (1,159) (1,203)
Principal payments under finance lease obligations (795) (487)
Principal payments on mortgage bond 0 (241)
Proceeds from stock option exercises and employee stock purchase plan, net of taxes paid on vested restricted stock units 257 1,022
Net cash provided by financing activities 18,942 18,252
Effect of exchange rates on cash (560) (1,680)
Net increase (decrease) in cash, cash equivalents and restricted cash (17,131) 10,349
Cash, cash equivalents and restricted cash, beginning of period 31,076 21,259
Cash, cash equivalents and restricted cash, end of period 13,945 31,608
Cash paid during the year for:    
Interest 6,231 6,605
Income taxes 583 593
Supplemental disclosures of non-cash activities:    
Transfer of inventories to rental assets 2,712 3,018
Capital expenditures financed through accounts payable 799 2,178
Right-of-use assets obtained in exchange for operating leases liabilities 3,554  
Issuance costs financed through accounts payable 0 500
Issuance of common stock under settlement agreement $ 1,279 $ 925