LIQUIDITY	12 Months Ended
Dec. 31, 2019
LIQUIDITY
LIQUIDITY	NOTE 2—LIQUIDITY The Company’s consolidated financial statements have been prepared on a going concern basis, which assumes that it will be able to meet its obligations and continue its operations during the twelve month period following the issuance of this Form 10-K. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern. The Company had negative cash flows from operations during 2019 and 2018 and has historically raised capital to fund its working capital and growth. Subsequent to year-end, the Company amended its existing credit facilities with Centre Lane and MidCap on January 13, 2020. In addition, the Company successfully completed its Rights Offering, which expired March 2, 2020, pursuant to which the Company issued 5,384,615 shares of its common stock and received net proceeds of $6.6 million. The Company intends to use the net proceeds from the Rights Offering, combined with the additional borrowing capacity provided by the amended MidCap Facility, for working capital and general corporate purposes to fund certain of the Company’s strategic growth initiatives. As a result, management believes that the Company has sufficient resources to satisfy its working capital requirements for at least 12 months following the issuance of these consolidated financial statements. However, the Company’s liquidity could be periodically, and for certain intervals, constrained due to the working capital requirements that will be needed as it continues to execute its plans to grow the business. In the event the Company is unable to address potential liquidity shortfalls in the future, management will need to seek additional funding, which may not be available on reasonable terms, if at all, and may result in management concluding that the Company’s liquidity position raises substantial doubt about its ability to continue as a going concern. Please refer to Note 19—Subsequent Events, for additional information regarding the amendments to the Company’s credit facilities and its Rights Offering.

NOTE 2—LIQUIDITY

The Company’s consolidated financial statements have been prepared on a going concern basis, which assumes that it will be able to meet its obligations and continue its operations during the twelve month period following the issuance of this Form 10-K. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

The Company had negative cash flows from operations during 2019 and 2018 and has historically raised capital to fund its working capital and growth. Subsequent to year-end, the Company amended its existing credit facilities with Centre Lane and MidCap on January 13, 2020. In addition, the Company successfully completed its Rights Offering, which expired March 2, 2020, pursuant to which the Company issued 5,384,615 shares of its common stock and received net proceeds of $6.6 million. The Company intends to use the net proceeds from the Rights Offering, combined with the additional borrowing capacity provided by the amended MidCap Facility, for working capital and general corporate purposes to fund certain of the Company’s strategic growth initiatives. As a result, management believes that the Company has sufficient resources to satisfy its working capital requirements for at least 12 months following the issuance of these consolidated financial statements. However, the Company’s liquidity could be periodically, and for certain intervals, constrained due to the working capital requirements that will be needed as it continues to execute its plans to grow the business. In the event the Company is unable to address potential liquidity shortfalls in the future, management will need to seek additional funding, which may not be available on reasonable terms, if at all, and may result in management concluding that the Company’s liquidity position raises substantial doubt about its ability to continue as a going concern. Please refer to Note 19—Subsequent Events, for additional information regarding the amendments to the Company’s credit facilities and its Rights Offering.