Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (6,206) $ (5,071)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 534 467
Stock-based compensation 47 33
Trade-in guarantee (268)  
Noncash interest expense   228
Deferred income taxes (11) (14)
Provision for doubtful accounts (3) (41)
Changes in operating assets and liabilities:    
Accounts receivable 11,379 (2,887)
Inventory (7,233) (2,802)
Prepaid expenses and other current assets (2,252) (2,533)
Other assets (19) (16)
Accounts payable (268) 7,730
Accrued expenses (319) 475
Deferred revenue (3) (370)
Income tax payable 94 121
Net cash used in operating activities (4,528) (4,680)
Cash flows from investing activities:    
Purchase of property and equipment (82) (69)
Development of tooling and purchased software licenses (109) (841)
Net cash used in investing activities (191) (910)
Cash flows from financing activities:    
Proceeds from borrowings on long-term debt   3,000
Proceeds on line of credit   17,510
Repayment on line of credit (123) (15,738)
Proceeds from issuance of common stock, net of costs 1,604  
Cost associated with amendments to credit agreements   18
Proceeds from exercise of stock options 41 11
Net cash provided by financing activities 1,522 4,801
Net decrease in cash and cash equivalents (3,197) (789)
Cash and cash equivalents at beginning of period 13,049 1,581
Cash and cash equivalents at end of period 9,852 792
Supplemental disclosure of cash flow information:    
Cash paid for interest 358 113
Cash paid for income taxes 84 29
Non-cash investing and financing activities:    
Other assets included in accounts payable $ 4 $ 238