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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows (Used In) from Operating Activities    
Net loss $ (24,561) $ (35,030)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,570 1,882
Amortization of intangible assets 4,616 5,012
Impairment of goodwill 636 8,392
Stock based compensation 1,494 1,533
Amortization of technology 66 66
Change in fair value of derivative liability (48) (555)
Amortization of debt discount 703 2,110
Amortization of deferred financing costs 451
Provision for doubtful accounts (659) 952
Gain on earnout (934) (561)
Gain on the settlement of liabilities (307) (430)
Gain on the sale of Sysorex Arabia (23)
Forgiveness of debt 635
Extinguishment loss for debt modification 1,523
Exchange of warrants for shares 434
Other (73) 379
Changes in operating assets and liabilities:    
Accounts receivable and other receivables 744 8,706
Inventory 222 270
Other current assets 481 645
Prepaid licenses and maintenance contracts (5) 11,588
Other assets (22) 44
Accounts payable (8,445) 5,414
Accrued liabilities (2,412) 1,806
Deferred revenue 246 (12,756)
Other liabilities (54) (261)
Total Adjustments (2,204) 37,279
Net Cash (Used in) Provided By Operating Activities (26,765) 2,249
Cash Flows Used in Investing Activities    
Purchase of property and equipment (88) (101)
Investment in capitalized software (804) (1,254)
Investment in Pod Technology (175)
Investment in Sysorex India 37
Cash spun off a result of deconsolidation (362)
Net Cash Flows Used in Investing Activities (1,429) (1,318)
Cash Flows From (Used in) Financing Activities    
Net repayments to credit line facility (1,119) (5,576)
Net proceeds from issuance of common stock, preferred stock and warrants 28,960 6,581
Repayment of notes payable (181) (57)
Advances to related party (3,244)
Repayments from related party 1,040
Repayment of debenture (4,691)
Proceeds from notes received 3,540 1,745
Net proceeds from convertible promissory notes 2,000
Repayment of convertible promissory notes (2,662)
Net Cash Provided By (Used in) Financing Activities 28,996 (2,660)
Effect of Foreign Exchange Rate on Changes on Cash (5) (21)
Net Increase (decrease) in Cash, Cash Equivalents and Restricted Cash 797 (1,750)
Cash, Cash Equivalents and Restricted Cash - Beginning of period 351 2,101
Cash, Cash Equivalents and Restricted Cash - End of period 1,148 351
Cash paid for:    
Interest 853 1,027
Income Taxes
Non-cash investing and financing activities    
Common shares issued for extinguishment of debenture liability 1,457 3,059
Common shares issued for extinguishment of debt 1,537
Adjustment to opening retained earnings for the adoption of ASC 606 1,287
Deconsolidation of Sysorex as a result of spin-off 11,838
Common shares issued for LightMiner acquisition 567
Settlement of interest for shares 316
Common shares issued for extinguishment of trade payables 640
Reclassification of warrants from derivative liabilities to equity 3,773
Reclassification of warrants to derivative liabilities $ (3,773)