Cash Flow

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net loss $ (5,682) $ (3,743)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 261 198
Amortization of intangible and other assets 3,471 2,677
Stock-based compensation 1,596 1,023
Change in fair value of contingent consideration (1,645) 832
Other noncash items affecting net income (103)  
Changes in operating assets and liabilities, net of the effect of the acquisition:    
(Increase) decrease in trade receivables, net 2,683 (413)
(Increase) decrease in unbilled contracts receivable 3,912 910
(Increase) decrease in inventories, net (4,556) (3,043)
(Increase) decrease in prepaid and other assets (1,994) (1,352)
Increase (decrease) in accounts payable and accrued liabilities (6,379) 1,981
Net cash used in operating activities (8,436) (930)
Cash Flows from Investing Activities:    
Payment of acquisition obligations (284) (1,015)
Purchase of property and equipment (652) (110)
Acquisition of business and other, net of cash acquired   (9,464)
Net cash used in investing activities (936) (10,589)
Cash Flows from Financing Activities:    
Net proceeds from revolving credit facility 12,747 550
Net proceeds from related party notes payable 7,000  
Repayments of notes payable and short-term borrowings (10,180) (180)
Proceeds from issuance of common stock, net of issuance costs   16,191
Fees pertaining to issuance of debt (603)  
Fees pertaining to issuance of common stock   (71)
Net cash provided by financing activities 8,964 16,490
Net (decrease) increase in cash and cash equivalents (408) 4,971
Cash and cash equivalents, beginning of period 883 219
Cash and cash equivalents, end of period 475 5,190
Non-cash investing and financing activities:    
Issuance of common stock for contingent consideration $ 554 6,051
Contingent consideration and other   $ 5,632

Source