Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

v3.19.2
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net loss $ (4,551,000) $ (6,061,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 809,000 1,347,000
Stock-based compensation 425,000 438,000
Accretion of debt discount and issuance costs 263,000 1,035,000
Gain on lease modification (21,000) 0
Loss on lease contract termination 0 (177,000)
Change in fair value of warrant liability 1,725,000 (109,000)
Deferred income taxes 7,000 (72,000)
Changes in operating assets and liabilities:    
Receivables 3,290,000 588,000
Contract assets (1,010,000) 211,000
Income taxes receivable / payable (15,000) (130,000)
Prepaid expenses and other assets 586,000 197,000
Accounts payable and other accrued liabilities (397,000) (1,019,000)
Accrued compensation (711,000) (604,000)
Deferred revenue (1,445,000) 938,000
Deferred rent 0 (144,000)
Other non-current liabilities (24,000) 436,000
Net cash used in operating activities (1,069,000) (2,772,000)
Investing activities:    
Purchases of property and equipment (43,000) (73,000)
Net cash used in investing activities (43,000) (73,000)
Financing activities:    
Proceeds from term loan and warrant issuance 0 10,000,000
Principal payments on term loans 0 (8,000,000)
Payments for term loan issuance costs 0 (1,308,000)
Principal payments on financing obligations (158,000) (247,000)
Proceeds from employee stock plans 42,000 0
Common stock repurchases to settle employee withholding liability (53,000) (27,000)
Net cash provided by (used in) financing activities (169,000) 418,000
Effect of exchange rate changes on cash (6,000) (61,000)
Net decrease in cash and cash equivalents (1,287,000) (2,488,000)
Cash and cash equivalents, beginning of period 8,636,000  
Cash and cash equivalents, end of period 7,349,000 5,202,000
Supplemental disclosures of net cash paid (received) during the period:    
Income taxes, net (12,000) 37,000
Interest, net $ 8,000 $ 35,000