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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (25,900) $ (32,432)
Adjustments to reconcile net loss to net cash used by operating activities    
Depreciation and amortization 2,412 2,140
Non-cash compensation expense attributable to stock awards 4,393 8,936
Deferred income taxes 594  
Bad debt expense 45 280
Loss on disposal of assets 75 31
Loss on disposal of capitalized patent costs 140  
Impairment of long-lived assets 33 730
Equity method investment 8  
Changes in operating assets and liabilities    
Accounts receivable 439 72
Inventory   173
Prepaid expenses and other assets (176) (530)
Right of use assets 1,063  
Accounts payable and accrued expenses (511) 354
Restructuring reserve (2,098) 3,305
Due to related parties (77) 347
Operating lease liabilities (1,044)  
Deferred revenue (595) (611)
Other liabilities (72) 245
Net cash used by operating activities (21,271) (16,960)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of intangible assets (792) (937)
Purchases of equipment (413) (497)
Net cash used by investing activities (1,205) (1,434)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from July 2019 follow-on offering 94,244  
Proceeds from stock option exercises 2,220 2,564
Payments of withholding tax on net issuance of restricted stock (467) (139)
Net cash provided by financing activities 95,997 2,425
Net change in cash and cash equivalents 73,521 (15,969)
CASH AND CASH EQUIVALENTS    
Beginning of the year 76,722 98,318
End of the year 150,243 82,349
Cash paid during the period:    
Taxes paid 25 $ 12
Non-cash investing activity:    
Capitalized change in estimated asset retirement obligations 503  
Contribution of capital equipment to TeamConnect LLC 14  
Contribution of patent to TeamConnect LLC $ 34