Cash Flow

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net (loss) income $ (9,033) $ 1,075
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 7,605 3,049
Stock-based compensation 1,316 975
Loss on early debt extinguishment   437
Amortization of discount on warrants and debt issuance costs 356 103
Deferred taxes (4,272) 27
Changes in operating assets and liabilities:    
Accounts receivable 4,567 908
Inventory 802 (198)
Other current assets (299) (332)
Due from related parties (35) (291)
Security deposits 315 1,271
Other assets (986) (13)
Accounts payable (706) (441)
Accrued expenses 241 (3,951)
Operating lease liabilities and right-of-use assets 710 489
Deferred gift card and license revenue (1,256) (130)
Net cash (used in) provided by operating activities (675) 2,978
Investing activities:    
Purchase of property and equipment (2,660) (3,509)
Net cash used in investing activities (2,660) (3,509)
Financing activities:    
Proceeds from CARES Act Loans 18,314  
Borrowings of long-term debt   14,750
Repayments of long-term debt (592) (11,543)
Repayments to related parties   (1,197)
Debt issuance costs (50) (734)
Exercise of stock options 38 66
Tax-withholding obligation on stock based compensation (103)  
Net cash provided by financing activities 17,607 1,342
Effect of exchange rate changes on cash (51) (357)
Net increase (decrease) in cash and cash equivalents 14,221 454
Cash and cash equivalents, beginning of period 12,344 1,592
Cash and cash equivalents, end of period 26,565 2,046
Supplemental disclosure of cash flow data:    
Interest paid 2,871 779
Income taxes paid 253 $ 193
Non-cash property and equipment additions $ 303  

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