Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

v3.19.3
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net loss $ (4,772,000) $ (3,665,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,170,000 1,924,000
Stock-based compensation 644,000 767,000
Accretion of debt discount and issuance costs 403,000 1,194,000
Gain on sale of BriefCam, Ltd. 41,000 6,502,000
Loss on extinguishment of debt 0 1,189,000
Gain on lease modification (21,000) 0
Loss on lease contract termination 0 (177,000)
Increase in fair value of warrant liability 752,000 292,000
Deferred income taxes 8,000 (99,000)
Changes in operating assets and liabilities:    
Receivables 2,038,000 1,363,000
Contract assets (845,000) 394,000
Income taxes receivable / payable 62,000 357,000
Prepaid expenses and other assets 573,000 291,000
Accounts payable and other accrued liabilities 546,000 (2,082,000)
Accrued compensation (732,000) (857,000)
Deferred revenue (431,000) 2,283,000
Deferred rent 0 (121,000)
Other non-current liabilities (24,000) 98,000
Net cash used in operating activities (670,000) (2,997,000)
Investing activities:    
Proceeds from sale of BriefCam, Ltd. 41,000 9,678,000
Purchases of property and equipment (137,000) (116,000)
Net cash provided by (used in) investing activities (96,000) 9,562,000
Financing activities:    
Proceeds from term loan and warrant issuance 0 10,000,000
Principal payments on term loans 0 (14,000,000)
Payments for term loan issuance costs 0 (1,308,000)
Principal payments on financing obligations (242,000) (329,000)
Proceeds from employee stock plans 46,000 0
Common stock repurchases to settle employee withholding liability (54,000) (28,000)
Net cash used in financing activities (250,000) (5,665,000)
Effect of exchange rate changes on cash (95,000) (91,000)
Net increase (decrease) in cash and cash equivalents (1,111,000) 809,000
Cash and cash equivalents, beginning of period 8,636,000 7,690,000
Cash and cash equivalents, end of period 7,525,000 8,499,000
Supplemental disclosures of net cash paid (received) during the period:    
Income taxes, net (207,000) 52,000
Interest, net $ 14,000 $ 502,000