Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows (Used In) from Operating Activities    
Net loss $ (10,380) $ (12,099)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 527 1,040
Amortization of intangible assets 1,633 2,645
Amortization of right of use asset 164
Stock based compensation 1,748 857
Amortization of technology 33 33
Loss on exchange of debt for equity 160
Change in fair value of derivative liability (48)
Amortization of debt discount 798 417
Provision for doubtful accounts 105 221
Gain on earnout (934)
Gain on the settlement of liabilities (262)
Gain on the sale of Sysorex Arabia (23)
Other 26 2
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (1,198) 742
Inventory (109) (62)
Other current assets 55 78
Prepaid licenses and maintenance contracts (12)
Other assets (182) (41)
Accounts payable 132 (6,934)
Accrued liabilities 53 (3,561)
Deferred revenue (67) 52
Other liabilities (66) (40)
Total Adjustments 3,812 (5,830)
Net Cash Used in Operating Activities (6,568) (17,929)
Cash Flows Used in Investing Activities    
Purchase of property and equipment (44) (39)
Investment in capitalized software (465) (364)
Investment in Athentek (175)
Investment in GTX (Note 5) (250)
Investment in Locality (Note 4) (204)
Net Cash Flows Used in Investing Activities (963) (578)
Cash Flows From (Used in) Financing Activities    
Net repayments to bank facility (23) (1,141)
Net proceeds from issuance of common stock, preferred stock and warrants 10,859 27,961
Repayment of notes payable (1) (113)
Advances to related party (8,945)
Repayments from related party 1,683
Net proceeds from promissory notes 4,500
Net Cash Provided By Financing Activities 8,073 26,707
Effect of Foreign Exchange Rate on Changes on Cash 31 (5)
Net Increase in Cash, Cash Equivalents and Restricted Cash 573 8,195
Cash, Cash Equivalents and Restricted Cash - Beginning of period 1,218 351
Cash, Cash Equivalents and Restricted Cash - End of period (Note 3) 1,791 8,546
Cash paid for:    
Interest 2 695
Income Taxes
Non-cash investing and financing activities    
Common shares issued for extinguishment of debenture liability 1,457
Adjustment to opening retained earnings for the adoption of ASC 606 1,287
Common shares issued for extinguishment of liability 1,130
Common shares issued for extinguishment of debt 2,389
Right of use asset obtained in exchange for lease liability 646
Common shares issued for GTX acquisition 650
Common shares issued for Locality acquisition $ 513