Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net loss $ (3,617) $ (11,724) $ (11,175)
Adjustments to reconcile net loss to net cash used in continuing operating activities:      
Depreciation and amortization 2,366 3,045 3,303
Stock-based compensation 1,082 1,190 1,421
Accretion of debt discount and issuance costs 1,321 2,013 152
Loss on disposal of property and equipment 0 0 4
Gain on sale of BriefCam, Ltd. (6,602) 0 0
Loss on debt extinguishment 1,189 0 0
Loss on lease contract termination (177) (72) 0
Decrease in fair value of warrant liability (368) (74) (137)
Deferred income taxes (131) (166) (229)
Changes in operating assets and liabilities:      
Receivables (786) 2,101 3,244
Contract assets 65 0 0
Income taxes receivable / payable 375 167 266
Prepaid expenses and other assets 449 1,166 (138)
Accounts payable and other accrued liabilities (1,196) 1,656 (1,406)
Accrued compensation (263) (574) (1,575)
Deferred revenue 3,092 (573) (2,673)
Deferred rent (144) (311) (265)
Other non-current liabilities 148 0 (226)
Net cash used in continuing operating activities (2,843) (2,012) (9,434)
Net cash used in discontinued operating activities 0 0 (50)
Net cash used in operating activities (2,843) (2,012) (9,484)
Investing activities:      
Proceeds from sale of BriefCam, Ltd. 9,778 0 0
Sales and maturities of marketable securities 0 0 6,250
Purchases of property and equipment (127) (24) (76)
Net cash provided by (used in) investing activities 9,651 (24) 6,174
Financing activities:      
Proceeds from term loan and warrant issuance 10,000 0 8,000
Principal payments on term loans (14,000) 0 0
Payments for term loan and warrant issuance costs (1,308) (225) (505)
Principal payments on capital lease obligations (402) (505) (513)
Common stock repurchases to settle employee withholding liability (33) (17) (26)
Net cash provided by (used in) financing activities (5,743) (747) 6,956
Effect of exchange rate changes on cash (119) 109 (354)
Net increase (decrease) in cash and cash equivalents 946 (2,674) 3,292
Cash and cash equivalents, beginning of year 7,690 10,364 7,072
Cash and cash equivalents, end of year 8,636 7,690 10,364
Supplemental disclosures of net cash paid (received) during the year:      
Income taxes 52 (190) 22
Interest 505 853 211
Financing obligations related to prepaid expenses and other assets 264 73 182
Financing obligations related to property and equipment 97 0 0
Term loan debt issuance costs included in accrued liabilities $ 0 $ 800 $ 0