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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Right-of-use assets obtained in exchange for lease obligations $ 24,257 $ 0
Operating activities    
Net loss (21,898) (19,202)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,177 905
Amortization of right-of-use assets 651 0
Stock-based compensation expense 2,882 2,945
Amortization of premium on short-term investments (6) 66
Amortization of deferred financing costs 163 84
Conversion of accrued interest to long-term debt 453 370
Provision for bad debts 38 207
Inventory Write-down 442 0
Changes in operating assets and liabilities:    
Accounts receivable (833) 3,056
Inventory (465) 817
Prepaid expenses and other assets (1,377) (1,082)
Accounts payable (1,893) 716
Accrued liabilities 1,124 (1,804)
Accrued compensation and other employee benefits (4,765) (2,792)
Customer deposits (2,226) (2,190)
Deferred revenue (833) 178
Operating lease liabilities (811) 0
Deferred rent and other liabilities 0 (124)
Net cash used in operating activities (28,177) (17,850)
Investing activities    
Purchases of property and equipment (165) (1,106)
Proceeds from sale of short-term investments 0 2,700
Proceeds from maturity of short-term investments 39,520 9,780
Purchases of short-term investments (28,100) (6,000)
Net cash provided by investing activities 11,255 5,374
Financing activities    
Proceeds from sale of common stock, net 68,273 0
Proceeds from issuance of common stock warrants 697 748
Tax withholdings related to net share settlements of restricted stock units (1,299) (108)
Proceeds from issuance of common stock for employee stock purchase plan 939 767
Proceeds from exercise of stock options 8,075 411
Net cash provided by financing activities 76,685 1,818
Net increase (decrease) in cash, cash equivalents 59,763 (10,658)
Effect of exchange rate changes on cash and cash equivalents (10) 28
Cash and cash equivalents    
Beginning of period 24,356 26,279
End of period 84,109 $ 15,649
Cash and cash equivalents $ 24,356