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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income (loss) $ (19,706) $ 62,719 $ (5,062)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Gain on sale of the Core Business, net of tax 0 (68,404) 0
Depreciation and amortization 754 669 696
Provision for inventory obsolescence 132 0 0
Provision for product warranties 321 0 0
Loss on disposal of property and equipment 89 0 5
Stock based compensation 3,581 2,224 871
Change in fair value of derivative liabilities 0 (20) (183)
Realized and unrealized gains on short term investments (164) (247) 0
Provision (benefit) for allowance for doubtful accounts (163) 224 179
Benefit of deferred taxes 0 (368) (196)
Changes in current assets and liabilities, net of effect of disposition:      
Receivables (3,970) (447) (303)
Prepaid expenses and other assets (406) (2,851) (30)
Inventories (2,367) 1,185 (368)
Accounts payable 1,054 (224) (23)
Accrued expenses and other liabilities 2,370 (15,341) 710
Net cash used in operating activities (18,475) (20,881) (3,704)
Cash flows from investing activities      
Cash flows from investing activities (1,301) (363) (624)
Proceeds from the disposition of Core business 0 91,095 0
Purchases of marketable securities (18,884) (87,189) 0
Proceeds of marketable securities 80,726 25,758 0
Net cash provided by (used in) investing activities 60,541 29,301 (624)
Cash flows from financing activities      
Proceeds from stock option exercises 207 202 0
Repayment of finance lease liabilities (60) 0 0
Repayment of mortgage note payable 0 (2,694) (239)
Net cash provided by (used in) financing activities 147 (2,492) (239)
Effect of exchange rates on cash 3 0 0
Net change in cash, cash equivalents and restricted cash 42,216 5,928 (4,567)
Cash, cash equivalents and restricted cash, beginning of period 16,596 10,668 15,235
Cash, cash equivalents and restricted cash, end of period 58,812 16,596 10,668
Cash paid for:      
Interest expense 8 104 136
Income taxes 325 13,283 32
Non cash operating activities:      
Transfer of other assets to fixed assets 42 0 0
Transfer of inventory to fixed assets 277 0 0
Non cash financing activities:      
Cashless exercise of stock options/warrants $ 612 $ 3,237 $ 557