XML 16 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net loss $ (3,121) $ (4,277)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 179 54
Amortization of deferred debt issuance costs and debt discount 691 463
Amortization of trademark 65 0
Debt conversion expense 0 898
Accrued interest on debt converted to equity 0 12
Provision for doubtful accounts 119 107
Changes in operating assets and liabilities:    
Accounts receivable (513) 2,998
Inventories (396) (1,202)
Prepaid expenses and other 87 (180)
Other assets 0 8
Accounts payable 445 1,453
Accrued expenses 317 (466)
Customer deposits (25) 0
Due to related party 0 (28)
Net cash used in operating activities (2,152) (160)
Cash flows from financing activities    
Proceeds from issuance of preferred stock, net 2,393 0
Private placement offering 0 3,116
Private placement issuance costs 0 (479)
Short-term loan - related party, net 24 (151)
Prepaid IPO costs (613) 0
Proceeds from issuance of bridge financing 406 0
Proceeds from issuance of convertible debt and warrants 0 1,645
Proceeds from credit facility 581 4,330
Payments on credit facility (474) (7,868)
Payments on trademark note payable (75)  
Deferred financing costs (57) (424)
Net cash provided by financing activities 2,185 169
Net increase in cash 33 9
Cash, beginning of the period 119 97
Cash, end of the period 152 106
Cash paid during the period for:    
Interest 29 142
Non-cash investing and financing activities:    
Deferred IPO costs 356 91
Exchange of debt for equity $ 0 $ 2,272