XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income (loss) $ (3,225) $ 2,045
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,497 644
Non-cash lease expense 307 244
Restructuring costs   6
Provision for doubtful accounts and other adjustments to accounts receivable (3) (4)
Provision for excess and obsolete inventory (97)  
Stock based compensation 1,016 632
Changes in operating accounts:    
Accounts receivable 4,018 (983)
Prepaid expenses and other assets 381 215
Accounts payable and accrued liabilities (649) (840)
Deferred revenue (545) 302
Net cash provided by operating activities 3,700 2,261
Investing activities:    
Capital expenditures (190) (771)
Other investing activities 11 (215)
Net cash used in investing activities (179) (13,136)
Financing activities:    
Proceeds from common stock offering, net of offering expenses 59,898  
Proceeds from exercise of common stock warrants 40 2,045
Other financing activities 34 18
Net cash provided by financing activities 59,972 2,063
Net increase (decrease) in cash and cash equivalents 63,493 (8,812)
Cash and cash equivalents, beginning of period 25,754 28,268
Cash and cash equivalents, end of period 89,247 19,456
Supplemental disclosures of cash flow information:    
Cash paid for income taxes $ 23 19
Circle Operator [Member]    
Investing activities:    
Acquisition of Smart Retail business and Circle operator business, net   $ (12,150)