Cash Flow

v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities:    
Net loss $ (4,028) $ (16,455)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3,051 2,647
Amortization of discount on warrants 197 71
Deferred rent 830 1,881
Deferred taxes (25) 10,043
Income from equity method investments (168) (674)
Derivative income   (100)
Stock-based compensation 1,052 838
Impairments 559 96
Changes in operating assets and liabilities:    
Accounts receivable (684) (826)
Inventory (94) (157)
Prepaid expenses and other current assets 443 1,731
Due from related parties, net 662 812
Security deposits 169 209
Other assets 262 190
Accounts payable 1,627 908
Accrued expenses 1,631 359
Deferred revenue 503 529
Net cash provided by operating activities 5,987 2,102
Investing activities:    
Purchase of property and equipment (4,610) (10,610)
Distribution from equity investment 276 519
Net cash used in investing activities (4,334) (10,091)
Financing activities:    
Proceeds from term promissory notes   6,250
Proceeds from business loan and security agreement 1,000  
Repayment of term loan (2,828) (2,495)
Repayment of equipment financing agreement (334) (226)
Repayment of business loan and security agreement (938)  
Proceeds from rights offering   3,863
Issuance of common stock 2,183  
Issuance of warrants 388  
Proceeds from liquidating trust   1,197
Distributions to non-controlling interests (409) (253)
Net cash (used in) provided by financing activities (938) 8,336
Effect of exchange rate changes on cash (85) (297)
Net increase in cash and cash equivalents 630 50
Cash and cash equivalents, beginning of year 918 868
Cash and cash equivalents, end of year 1,548 918
Supplemental disclosure of cash flow data:    
Interest paid 1,180 856
Income taxes paid 99 112
Noncash investing and financing activities:    
Noncash property, fixtures and equipment additions from equipment financing   991
Noncash debt issuance costs $ 35  
Noncash discount on detachable warrants   $ 905

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