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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (12,289) $ (5,194)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,075 831
Stock-based compensation 5,604 66
Trade-in guarantee (268)  
Noncash interest expense 50 556
Deferred income taxes (11) (9)
Changes in operating assets and liabilities:    
Accounts receivable (12,420) (7,921)
Inventory (4,664) (4,930)
Prepaid expenses and other current assets 627 (4,770)
Other assets (41) (4)
Accounts payable (9,868) 10,686
Accrued expenses 937 4,306
Deferred revenue (3,649) 1,272
Income tax payable 133 224
Net cash used in operating activities (34,784) (4,887)
Cash flows from investing activities:    
Purchase of property and equipment (247) (255)
Development of tooling and purchased software licenses (244) (1,233)
Net cash used in investing activities (491) (1,488)
Cash flows from financing activities:    
Proceeds from borrowings on long-term debt   5,000
Proceeds on line of credit 5,614 45,566
Repayment on line of credit (5,878) (44,702)
Proceeds from issuance of common stock, net of costs 1,604  
Proceeds from issuance of common stock upon IPO, net of costs 38,399  
Taxes paid on net Issuance of restricted stock award (1,897)  
Cost associated with amendments to credit agreements   (48)
Proceeds from exercise of warrants 23  
Proceeds from exercise of stock options 55 11
Net cash provided by financing activities 37,920 5,827
Net increase (decrease) in cash and cash equivalents 2,645 (548)
Cash and cash equivalents at beginning of period 13,049 1,581
Cash and cash equivalents at end of period 15,694 1,033
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,055 188
Cash paid for income taxes 352 61
Non-cash investing and financing activities:    
Other assets included in accounts payable 1 $ 199
IPO issuance costs included in accounts payable $ 1,550  

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