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Liquidity | 6 Months Ended
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Jun. 30, 2015
Liquidity [Abstract] |
LIQUIDITY | NOTE 14: LIQUIDITY For the six months ended June 30, 2015 and the year ended December 31, 2014, we had a net loss of $(4,221) and $(3,799), and a negative cash flow from operations of $(1,938) and $(3,719), respectively. Historically, we have had continuing operating losses, negative cash flows from operations and working capital deficiencies. As discussed in Note 2, we merged with Creative Realities, Inc. (then known as Wireless Ronin Technologies, Inc., or “WRT”) on August 20, 2014. Prior to the merger, WRT experienced continuing operating losses and WRT’s independent registered public accounting firm expressed substantial doubt about WRT’s ability to continue as a going concern. As addressed in Note 5: Loans Payable, the Company entered into a Convertible Secured Promissory Note for $1.0 million in February 2015, a $465 Convertible Secured Promissory Note in May 2015, which was subsequently converted into a $585 Convertible Secured Promissory Note, and a $400 Convertible Secured Promissory Note in June 2015. Additionally as addressed in Note 10: Convertible Preferred Stock and Warrants, the Company issued additional convertible preferred stock and warrants for $265. Aggregate proceeds from all of these offerings totaled $2,130. The transaction costs were negligible and the Company expensed them immediately. As of the date of this report, management believes that its existing working capital resources, together with projected cash flow, are sufficient to fund its operations through at least December 2015. The Company will still need to generate sufficient revenue, obtain financing, or adjust operating expenses so as to maintain positive working capital. Additional funding may not be available to the Company on acceptable terms, or at all. Any additional equity financing, if available to the Company, may not be available on favorable terms and debt financing, if available, may involve restrictive covenants.

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