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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net loss $ (37,613) $ (26,783)
Adjustments to reconcile net loss to net cash used in operating activities:    
(Income) loss from discontinued operations, net of tax (747) 121
Depreciation 632 509
Amortization 371 6,446
Impairment expense 15,775 281
Operating lease expense 241 437
Bad debt expense 51 197
Loss on sales (ID, DWXC) [1] 2,604
Loss on lease abandonment 11,329
Gain on the sale of assets (8,441) (83)
Share-based compensation 945 882
Amortization of debt discounts and debt issuance costs 1,289 249
Default interest charge 376
Share-based vendor payments 1,171
Loss on extinguishment of debt 618 5,025
Changes in operating assets and liabilities:    
Accounts receivable, net (702) (626)
Inventory, net 3,056 1,825
Prepaid expenses (378) (6,114)
Other current assets (23) 125
Note receivable (2,000)
Other non-current assets 339 (70)
Accounts payable 94 (7,956)
Accrued interest 173
Accrued liabilities 382
Contract liabilities 1,281 (1,400)
Operating lease liabilities (1,386) (389)
Related party notes (206) 1
Other current liabilities 856 (1)
Total Adjustments 26,529 630
Net Cash Used In Operating Activities (11,084) (26,153)
Cash Flows From Investing Activities:    
Business acquisitions, net of cash received (4,248)
Proceeds from building sale, net of transaction costs 15,102
Purchases of property and equipment (167) (2,534)
Acquisition of intangible assets (1,233)
Proceeds from disposal of property and equipment 83
Net Cash Provided By (Used In) Investing Activities 14,935 (7,932)
Cash Flows From Financing Activities:    
Proceeds from issuance of related party notes 100 (850)
Proceeds from sale of common stock from offering 44,971
Proceeds from debt 500 9,345
Offering costs (5,315)
Preferred stock dividend (246)
Proceeds from exercise of options 31 17
Debt issuance costs (186)
Repayment of debt (7,580) (6,379)
Net Cash (Used In) Provided By Financing Activities (7,195) 41,603
Net Cash Provided by (Used In) Discontinued Operations 1,632 (3,213)
Net (Decrease) Increase In Cash (1,712) 4,305
Cash - Beginning of Period 1,873 690
Cash - End of Period 161 4,995
Cash paid during the period for:    
Interest 107 436
Non-cash investing and financing activities:    
Issuance of common stock for debt placement agent 81
Accrual of preferred dividends not paid yet 62
Debt incurred to sellers for Skyline Partners Technology LLC 12,650
Issuance of common stock for Sky Sapience Ltd. acquisition 9,071
Issuance of common stock for Innovation Digital, LLC 7,344
Debt incurred to sellers for Innovation Digital, LLC 600
Issuance of common stock for RVision, Inc. 5,500
Issuance of common stock for extinguishment of debt and interest 12,383
Issuance of warrants for extinguishment of debt and interest 4,394
Issuance of common stock for conversion of debt and interest 3,306 1,602
Original issue discount and non-cash debt issuance costs 1,655
Issuance of warrants as debt issuance costs 919
Recognition of operating lease right-of-use asset and liability 10,052 1,217
Acquisition of building with secured note payable 4,480
Prepaid deposits transferred to inventory 2,445 862
Lease deposits recognized from Sky Sapience Ltd. Acquisition $ 11
[1] InnovationDigital (“ID”), DragonWave-X Canada (“DWXC”)