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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (19,057) $ (3,060)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,580 1,339
Stock-based compensation 5,911 129
Trade-in guarantee (268)  
Inventory write-downs 2,109  
Warrant revaluation   644
Noncash interest expense 50 942
Deferred income taxes (7) (100)
Changes in operating assets and liabilities:    
Accounts receivable 1,507 (8,303)
Inventory (5,185) (6,801)
Prepaid expenses and other current assets 2,968 (5,670)
Other assets (44) 133
Accounts payable (9,620) 13,236
Accrued expenses (5,263) 5,284
Deferred revenue (3,657) (96)
Income tax payable 173 336
Net cash used in operating activities (28,803) (1,987)
Cash flows from investing activities:    
Purchases of property and equipment (908) (502)
Development of tooling and purchased software licenses (347) (1,468)
Net cash used in investing activities (1,255) (1,970)
Cash flows from financing activities:    
Proceeds from borrowings on long-term debt   5,000
Proceeds on line of credit 5,614 62,809
Repayment on line of credit (5,614) (63,884)
Costs associated with amendments to credit agreements   (77)
Repayment on loan (3,621)  
Proceeds from issuance of common stock, net of costs 1,604  
Proceeds from issuance of common stock upon IPO, net of costs 37,180  
Taxes paid on net Issuance of restricted stock award (1,897)  
Proceeds from exercise of warrants 23 47
Proceeds from exercise of stock options 69 12
Net cash provided by financing activities 33,358 3,907
Net increase (decrease) in cash and cash equivalents 3,300 (50)
Cash and cash equivalents at beginning of period 13,049 1,581
Cash and cash equivalents at end of period 16,349 1,531
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,392 290
Cash paid for income taxes 352 156
Non-cash investing and financing activities:    
Other assets included in accounts payable 74 339
IPO issuance costs included in accounts payable $ 331  
Reclassification of warrant from liability to preferred stock upon exercise   $ 2,951

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