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 ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) $ (9,580,000) $ (5,254,000)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Depreciation 534,000 518,000
Amortization 83,000 87,000
Provision for bad debts (recoveries) (21,000) 0
Stock-based compensation 435,000 534,000
Change in fair value of acquisition note payable 232,000 (34,000)
Change in fair value of warrant liability 7,294,000 (17,000)
Amortization of debt issuance costs 7,000 4,000
Amortization of discount on debt 7,000 0
Loss in equity method investment 12,000 12,000
Loss on extinguishment of debt 78,000 0
Changes in:    
Accounts receivable (901,000) (1,828,000)
Other current assets 156,000 295,000
Other non-current assets 28,000 3,000
Accounts payable, accrued expenses and deferred revenue (694,000) (101,000)
Deferred rent payable and other (61,000) (6,000)
Net cash (used in) operating activities (2,391,000) (5,787,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (178,000) (319,000)
Patent costs (31,000) (39,000)
Net cash (used in) investing activities (209,000) (358,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on capital lease obligations (34,000) (41,000)
Proceeds from warrant exercises 1,750,000 0
Proceeds from Partners for Growth IV, L.P. term note 6,000,000 0
Principal payments on Silicon Valley Bank term note (4,667,000) 0
Payment of debt issuance costs and loan fees (287,000) 0
Net cash provided by (used in) financing activities 2,762,000 (41,000)
Net increase (decrease) in cash and cash equivalents 162,000 (6,186,000)
CASH AND CASH EQUIVALENTS    
Beginning 9,502,000 19,459,000
Ending 9,664,000 13,273,000
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Cash paid for interest 269,000 97,000
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Fixed assets acquired through capital lease arrangements 396,000 0
Derivative warrants issued with debt $ 1,004,000 $ 0