XML 110 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:        
Net loss $ (11,496) $ (9,260) $ (13,650) $ (32,836)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation, amortization and impairment 216 924 3,357 3,041
Bad debt expense     486  
Share-based compensation shares issued for services rendered 463 305 400 2,860
Share-based compensation options – non-employees 806      
Share-based compensation – employees 1,750 2,604 2,673 20,592
Share-based compensation due to employment agreements     1,500
Change in fair value of derivative liabilities 2,392 (2,623) (3,160) (9,316)
Loss on exchange of warrants for common stock 1,059    
Interest expense on warrant derivative liabilities 107      
Commitment fees on credit facility advances 38      
Loss from discontinued operations 1,923 1,848 4,181
Gain on sale of assets (16)    
Gain on sale of discontinued operations (2) (57) (636)
Cash acquired in acquisition 3    
Loss on retirement of assets     5 61
Changes in assets and liabilities:        
Accounts receivable 520 1,372 1,611 (1,060)
Inventory 4 (983)
Prepaid expenses and other current assets 760 58 (36) 34
Other assets 3 (26) 6
Accounts payable (1,102) (943) (934) 634
Accrued liabilities (90) (174) 291 (1,691)
Net cash used in operating activities of continuing operations (4,589) (5,810) (7,192) (13,613)
Net cash used in discontinued operations (1,472) (1,848) (4,030)
Net cash used in operating activities (4,589) (7,282) (9,040) (17,643)
Cash flows from investing activities:        
Proceeds from sale of discontinued operations     825 2,029
Purchases of short-term investments     (1,001)
Redemption of short-term investments     1,001
Proceeds from sale of Magnolia Solar 5    
Proceeds from sale of assets 16    
Purchases of property and equipment (21) (289) (277)
Net cash provided by (used in) investing activities of continuing operations 21 (21)    
Net cash used in investing activities of discontinued operations (249)    
Net cash provided by (used in) investing activities 21 (270) 536 1,752
Cash flows from financing activities:        
Proceeds from credit facility 1,047 1,000 1,350
Advances from related parties 403    
Proceeds from issuance of preferred stock and warrants, net of fees 2,980      
Proceeds from issuance of common stock, net of fees 4,221 4,221 12,693
Repayments of debt - related parties     (100)
Repayment of debt (500) (500)
Purchase of treasury shares from employees for tax withholdings (53) (53) (1,618)
Net cash provided by financing activities 4,430 4,668 5,018 10,975
NET DECREASE IN CASH (138) (2,884) (3,486) (4,916)
Cash - beginning of period 244 3,730 3,730 8,646
Cash - end of period 106 846 244 3,730
SUPPLEMENTAL DISCLOSURES:        
Cash paid for interest 366 382 60
Cash paid for income taxes 2
SUMMARY OF NONCASH ACTIVITIES:        
Exchange of common stock for warrants 5,479    
Inventory reclassified to property and equipment     2,477
Assets acquired via acquisition of Trend Discovery Holdings, Inc.:        
Identifiable intangible assets     1,435
Receivables 10    
Other assets 248 28
Goodwill $ 3,223 $ 65