v3.20.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (9,964) $ (5,124)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 887 892
Stock-based compensation 223 47
Inventory write-downs 407  
Trade-in guarantee   (268)
Non-cash interest expense 255  
Accretion of debt discount 30 30
Deferred income taxes 53 (11)
Provision for doubtful accounts   (3)
Changes in operating assets and liabilities:    
Accounts receivable 5,083 11,379
Inventory 2,989 (7,233)
Prepaid expenses and other current assets 1,367 (2,252)
Other assets 32 (1,489)
Accounts payable (1,746) (298)
Accrued expenses 1,354 (319)
Deferred revenue 15 (3)
Income tax payable 90 124
Net cash provided by (used in) operating activities 1,075 (4,528)
Cash flows from investing activities:    
Purchase of property and equipment (184) (82)
Development of tooling and purchased software licenses   (109)
Net cash used in investing activities (184) (191)
Cash flows from financing activities:    
Repayment on long-term debt (37)  
Repayment on line of credit   (123)
Proceeds from issuance of common stock, net of costs   1,604
Proceeds from exercise of stock options 210 41
Net cash provided by financing activities 173 1,522
Net increase (decrease) in cash and cash equivalents 1,064 (3,197)
Cash and cash equivalents at beginning of period 11,298 13,049
Cash and cash equivalents at end of period 12,362 9,852
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 37 358
Cash paid for income taxes   84
Non-cash investing and financing activities:    
Other assets included in accounts payable   $ 4

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