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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net loss $ (517) $ (1,575)
Adjustments to reconcile loss from operations to net cash used in operating activities    
Depreciation 723 213
Amortization of intangibles 461 678
Amortization of developed technology   3,175
Deferred income taxes (84) 5
Share-based compensation 1,426 482
Changes in operating assets and liabilities (6,938) (4,891)
Net cash used in operating activities (4,929) (1,913)
Investing activities    
Capital expenditures (243) (571)
Additional investments in corporate-owned life insurance policies (2) (2)
Net cash used in investing activities (245) (573)
Financing activities    
Repurchase of common shares to satisfy employee tax withholding (934) (1,026)
Series A convertible preferred stock issuance proceeds, net of issuance costs 34,063  
Principal payments under long-term obligations (6) (2)
Net cash provided by (used in) financing activities 33,123 (1,028)
Effect of exchange rate changes on cash 2 (24)
Net increase (decrease) in cash and cash equivalents 27,951 (3,538)
Cash and cash equivalents at beginning of period 46,653 40,771
Cash and cash equivalents at end of period $ 74,604 $ 37,233