Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows (Unaudited)

v3.21.1
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net loss $ (4,450) $ (2,672)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 243 314
Stock-based compensation 589 245
Accretion of debt discount and issuance costs 33 0
Decrease in fair value of derivative liability (37) 0
Decrease in fair value of warrant liability (357) (36)
Deferred income taxes 0 8
Changes in operating assets and liabilities:    
Receivables (1,344) 542
Contract assets 3 (182)
Income taxes receivable / payable (105) (113)
Prepaid expenses and other assets (353) (28)
Accounts payable and other accrued liabilities (379) 17
Accrued compensation (467) 754
Deferred revenue (1,614) (18)
Net cash used in operating activities (5,556) (1,889)
Investing activities:    
Purchases of property and equipment (29) (27)
Net cash used in investing activities (29) (27)
Financing activities:    
Principal payments on financing obligations (118) (93)
Principal payment on line of credit (1,840) 0
Proceeds from line of credit 1,840 0
Principal payment on term loan (1,833) 0
Net proceeds from common stock issuance 23,085 0
Proceeds from issuance of common stock under employee stock plans 142 0
Common stock repurchases to settle employee withholding liability (3) (53)
Net cash provided by (used in) financing activities 21,273 (146)
Effect of exchange rate changes on cash 9 (212)
Net increase (decrease) in cash and cash equivalents 15,697 (2,274)
Cash and cash equivalents, beginning of period 11,878 10,639
Cash and cash equivalents, end of period 27,575 8,365
Supplemental disclosures of net cash paid during the period:    
Income taxes, net 18 13
Interest, net 17 3
Non-cash financing activity:    
Reclassification from warrant liability to additional paid-in capital for non-cash exercise $ 560 $ 0