v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (19,753,000) $ (24,185,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for doubtful accounts 185,000 32,000
Depreciation and amortization 547,000 334,000
Stock-based compensation 1,117,000 1,529,000
Fair value of common shares issued 256,000
Non-cash interest expense 843,000 776,000
Amortization of operating lease right-of-use assets and accretion of operating lease liabilities 5,000
Loss from minority interest in limited liability company 263,000 407,000
Loss on disposal of property and equipment 65,000
Changes in assets and liabilities:    
Accounts receivable 1,963,000 (1,060,000)
Inventory (299,000) (1,930,000)
Prepaid expenses and other current assets (210,000) (283,000)
Other noncurrent assets 40,000 14,000
Accounts payable (2,388,000) 68,000
Accrued and other liabilities (1,736,000) 635,000
Other noncurrent liabilities 104,000 173,000
Net cash used in operating activities (19,254,000) (23,234,000)
Cash flows from investing activities:    
Purchase of property and equipment (718,000) (803,000)
Net cash used in investing activities (718,000) (803,000)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance costs 33,396,000
Proceeds from issuance of common shares from employee stock purchase plan 55,000 124,000
Transaction costs in connection with note payable (100,000)
Net cash provided by (used in) financing activities (45,000) 33,520,000
Net increase (decrease) in cash and cash equivalents (20,017,000) 9,483,000
Cash and cash equivalents - beginning of period 29,523,000 [1] 20,730,000
Cash and cash equivalents - end of period 9,506,000 30,213,000
Supplemental disclosure:    
Cash paid for interest 1,364,000 1,315,000
Cash paid for income taxes 2,000
Supplemental disclosure of cash flow information as of end of period:    
Issuance of note payable in settlement of accrued interest 642,000 616,000
Net transfer of equipment between inventory and property and equipment (296,000) 159,000
Operating cash outflows from operating leases 73,000
Right-of-use assets obtained in exchange for operating lease liabilities (upon adoption of ASC 842) $ 629,000
[1] The condensed consolidated balance sheet as of December 31, 2018 has been derived from the audited consolidated financial statements as of that date.

Source