Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net loss $ (6,443,000) $ (3,617,000) $ (11,724,000)
Adjustments to reconcile net loss to net cash used in continuing operating activities:      
Depreciation and amortization 1,526,000 2,366,000 3,045,000
Stock-based compensation 857,000 1,082,000 1,190,000
Accretion of debt discount and issuance costs 471,000 1,321,000 2,013,000
Gain on sale of BriefCam, Ltd. (41,000) (6,602,000) 0
Loss on debt extinguishment 348,000 1,189,000 0
Gain (Loss) on Termination of Lease (21,000) 0 0
Loss on lease contract termination 0 (177,000) (72,000)
Increase (decrease) in fair value of warrant liability 141,000 (368,000) (74,000)
Deferred income taxes 31,000 (131,000) (166,000)
Changes in operating assets and liabilities:      
Receivables 1,720,000 (786,000) 2,101,000
Contract assets (604,000) 65,000 0
Income taxes receivable / payable 13,000 375,000 167,000
Prepaid expenses and other assets 522,000 449,000 1,166,000
Accounts payable and other accrued liabilities 174,000 (1,196,000) 1,656,000
Accrued compensation (389,000) (263,000) (574,000)
Deferred revenue 181,000 3,092,000 (573,000)
Deferred rent 0 (144,000) (311,000)
Other non-current liabilities (24,000) 148,000 0
Net cash used in operating activities (1,538,000) (2,843,000) (2,012,000)
Investing activities:      
Proceeds from sale of BriefCam, Ltd. 41,000 9,778,000 0
Purchases of property and equipment (168,000) (127,000) (24,000)
Net cash provided by (used in) investing activities (127,000) 9,651,000 (24,000)
Proceeds from Issuance or Sale of Equity 8,201,000 0 0
Proceeds from Stock Options Exercised 46,000 0 0
Financing activities:      
Proceeds from term loan and warrant issuance 0 10,000,000 0
Principal payments on term loans (4,000,000) (14,000,000) 0
Payments for term loan and warrant issuance and extinguishment costs (250,000) (1,308,000) (225,000)
Principal payments on financing obligations (320,000) (402,000) (505,000)
Common stock repurchases to settle employee withholding liability (75,000) (33,000) (17,000)
Net cash provided by (used in) financing activities 3,602,000 (5,743,000) (747,000)
Effect of exchange rate changes on cash 66,000 (119,000) 109,000
Net increase (decrease) in cash and cash equivalents 2,003,000 946,000 (2,674,000)
Cash and cash equivalents, beginning of year 8,636,000 7,690,000 10,364,000
Cash and cash equivalents, end of year 10,639,000 8,636,000 7,690,000
Supplemental disclosures of net cash paid (received) during the year:      
Income taxes (293,000) 52,000 (190,000)
Interest Paid, Excluding Capitalized Interest, Operating Activities 546,000 505,000  
Interest     853,000
Financing obligations related to prepaid expenses and other assets 203,000 264,000 73,000
Financing obligations related to property and equipment 148,000 97,000 0
Term loan debt issuance costs included in accrued liabilities $ 0 $ 0 $ 800,000