XML 20 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Statements of Cash Flows (FY) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net loss $ (17,027) $ (22,803) $ (18,231)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 5,624 5,881 6,040
Provision for bad debts 61 114 61
Amortization of debt discount 278 94 92
Stock-based compensation expense 3,063 2,114 1,796
Change in fair value of contingent consideration liability (406) 0 0
Change in fair value of warrants liability 926 12 54
Deferred income taxes 196 192 52
Changes in operating assets and liabilities:      
Accounts receivable (3,413) (4,783) (2,623)
Prepaid expenses 407 (1,321) (336)
Other assets (current and non-current) (4,028) (333) (27)
Accounts payable (1,656) 1,765 632
Accrued expenses 11,962 6,868 741
Deferred revenue 4,688 6,005 4,399
Deferred implementation, commissions and other costs (756) (1,464) (872)
Other liabilities (current and non-current) (136) 384 1,933
Net cash used in operating activities (217) (7,275) (6,289)
Investing activities:      
Purchase of businesses 0 (6,335) (16,278)
Capitalized Software Development (578) (899) (1,124)
Purchases of property and equipment (1,178) (3,418) (6,812)
Net cash provided by (used in) investing activities (1,756) (10,652) (24,214)
Financing activities:      
Issuance of long-term debt 45,000 0 (25)
Financing costs paid upon issuance of long-term debt (1,446) 0 0
Proceeds from line of credit 6,000 24,750 1,000
Repayments of line of credit (6,000) (3,000) 0
Payments on long-term debt (28,921) (3,333) (833)
Payments on capital lease obligations (261) (276) (536)
Proceeds from exercise of stock options 1,308 1,127 126
Payments of deferred purchase consideration (524) 0 (650)
Settlement of contingent consideration liabilities 0 0 (225)
Net cash provided by (used in) financing activities 15,156 19,268 (1,143)
Net increase (decrease) in cash and cash equivalents and restricted cash 13,183 1,341 (31,646)
Cash - Beginning 4,736 3,395 35,041
Cash - Ending 17,919 4,736 3,395
Reconciliation of cash, cash equivalents, and restricted cash to the balance sheets      
Cash and cash equivalents 14,642 4,736 3,395
Restricted cash 3,277 0 0
Cash - Ending 17,919 4,736 3,395
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 4,238 1,266 646
Cash paid for income taxes (41) 3 9
Noncash Investing & Financing Activities:      
Fixed assets purchased under capital lease obligation 6 210 130
Leasehold improvement incentive recorded as property and equipment and other long-term liability 0 0 5,792
Contingent consideration for purchase of business 0 1,066 0
Deferred purchase consideration $ 0 $ 1,131 $ 0