XML 18 R8.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net loss $ (25,404) $ (8,992)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,430 3,475
Stock-based compensation 3,963 1,767
Amortization of debt discount and debt issuance costs 1,033 1,090
Amortization of right-of-use asset 441  
Provision for doubtful accounts 122 110
Provision for excess and obsolete inventory 4,123 2,212
Deferred income tax benefit 2 (1,238)
Gain on settlement   (6,168)
Beneficial conversion feature from convertible notes 242  
Gain (loss) on disposal of instruments 66 (285)
Accretion to contingent consideration 289 100
Changes in operating assets and liabilities:    
Accounts receivable, net 1,330 3,346
Inventories, net (7,963) (2,905)
Prepaid expenses and other current assets 285 49
Other assets 126 (55)
Other long-term assets (2,690)  
Accounts payable 4,322 (620)
Accrued expenses and other 1,201 1,768
Lease liability 2,639  
Other long-term liabilities (2,199) (2,365)
Net cash used in operating activities (14,642) (8,711)
Investing activities:    
Purchases of property and equipment (3,717) (2,387)
Cash received from sale of equipment   348
Net cash used in investing activities (3,717) (16,383)
Financing activities:    
Proceeds from sale of common stock, net 1,401 51,538
Borrowings under lines of credit 54,220 44,500
Repayments under lines of credit (54,488) (46,634)
Principal payments on capital lease obligations (12) (60)
Proceeds from issuance of term debt, net 9,700  
Principal payments on term loan (3,045) (1,800)
Net cash provided by financing activities 7,776 47,544
Effect of exchange rate changes on cash 99 (4)
Net increase (decrease) in cash (10,484) 22,446
Cash at beginning of period, including discontinued operations 29,054 22,466
Cash at end of period, including discontinued operations 18,570 44,912
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,714 2,282
Cash paid for income taxes 102 72
Purchases of property and equipment in accounts payable 2,221 531
Common stock warrants issued with term loan draw 13,664  
SafeOp Surgical, Inc.    
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion to contingent consideration 300  
Investing activities:    
Cash paid for acquisition of SafeOp Surgical, Inc.   $ (14,344)
Supplemental disclosure of cash flow information:    
Common stock issued for achievement of SafeOp contingent consideration $ 2,889