XML 76 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net loss $ (106,818,000) $ (82,627,000) $ (64,028,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Goodwill impairment 7,629,000 0 0
Intangible asset impairment 5,045,000 0 0
Depreciation and amortization 3,524,000 3,321,000 3,034,000
Provision for doubtful accounts 2,298,000 2,043,000 493,000
Provision for warranties 929,000 325,000 294,000
Provision for inventory 2,626,000 955,000 3,125,000
Change in fair value of warrants (75,000) (81,000) 95,000
Change in fair value of deferred consideration 100,000 24,000 (110,000)
Change in fair value of contingent consideration 1,044,000 2,528,000 1,135,000
Change in deferred revenue 1,124,000 627,000  
Non-cash portion of debt extinguishment loss 53,000   17,000
Amortization of debt discount and issuance costs 359,000 174,000 140,000
Stock-based compensation expense 12,478,000 13,824,000 6,766,000
Loss on disposal of property and equipment 119,000 74,000 25,000
Deferred income taxes 18,000 (8,000) (21,000)
Payments of contingent consideration liability in excess of acquisition-date fair value (1,968,000) (320,000)  
Changes in assets and liabilities, net of effect from acquisitions:      
Accounts receivable (7,320,000) (14,094,000) (1,890,000)
Inventories (10,921,000) (4,144,000) 1,526,000
Prepaid expenses, other current assets and other assets (8,513,000) (1,302,000) 713,000
Insurance recovery receivable   39,000 9,336,000
Accounts payable (2,225,000) 8,502,000 1,290,000
Accrued and other liabilities 7,795,000 7,885,000 3,218,000
Legal settlement payable (410,000) (590,000) (9,900,000)
Customer deposits 4,008,000 4,513,000 (1,136,000)
Sales return liability 2,068,000 2,142,000  
Net cash used in operating activities (87,033,000) (56,190,000) (45,878,000)
Cash flows from investing activities:      
Purchase of property and equipment (4,071,000) (855,000) (1,864,000)
Business acquisitions, net of cash and restricted cash acquired (17,943,000)   (18,150,000)
Net cash used in investing activities (22,014,000) (855,000) (20,014,000)
Cash flows from financing activities:      
Net proceeds from issuance of common stock 107,734,000 107,551,000  
Proceeds from exercise of stock options 125,000 1,149,000 1,346,000
Proceeds from issuance of common stock under ESPP 1,216,000 993,000 647,000
Tax payments related to shares withheld for vested restricted stock units (RSUs) (3,064,000) (1,635,000) (725,000)
Gross borrowings under the Term Loan 5,000,000 10,000,000 25,000,000
Gross borrowings under the Revolving Loan 22,296,000 12,109,000 5,000,000
Repayment of the Revolving Loan (15,788,000) (12,109,000) (5,000,000)
Payments of contingent consideration up to acquisition-date fair value (5,766,000) (680,000)  
Deferred financing costs (1,997,000) (22,000) (657,000)
Net cash provided by financing activities 109,756,000 117,356,000 25,611,000
Net increase in cash, cash equivalents and restricted cash 709,000 60,311,000 (40,281,000)
Cash, cash equivalents and restricted cash at:      
Beginning of period 87,242,000 26,931,000 67,212,000
End of period 87,951,000 87,242,000 26,931,000
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets      
Cash and cash equivalents 87,608,000 86,899,000 26,588,000
Restricted cash included in other assets $ 343,000 $ 343,000 $ 343,000
Restricted Cash Noncurrent Asset Statement Of Financial Position Extensible List us-gaap:OtherNoncurrentAssetsMember us-gaap:OtherNoncurrentAssetsMember us-gaap:OtherNoncurrentAssetsMember
End of period $ 87,951,000 $ 87,242,000 $ 26,931,000
Supplemental disclosure of cash flow information:      
Interest paid 4,089,000 3,120,000 870,000
Supplemental disclosure of non-cash investing and financing activities:      
Property and equipment in accounts payable and accrued liabilities 745,000 679,000 1,088,000
Acquisition of business, deferred and contingent consideration obligations at fair value $ 9,063,000   10,912,000
Non-cash deferred consideration settlement   1,000,000  
Non-cash settlement of assets held for sale in accounts payable   $ 2,674,000  
Forgiveness of SVB Loan commitment fee     750,000
Deferred financing costs in accrued liabilities     $ 6,000