Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows (Used In) from Operating Activities    
Net loss $ (20,919) $ (16,960)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 568 826
Amortization of intangible assets 1,929 2,602
Amortization of right of use asset 322 267
Stock based compensation 941 2,618
Amortization of technology 50
Loss on exchange of debt for equity 132 188
Amortization of debt discount 2,272 1,543
Accrued interest income, related party (32)
Provision for doubtful accounts 358
Provision for the valuation allowance held for sale loan 1,514
Provision for the valuation allowance related party receivable 648
Income tax benefit (87) (35)
Other 74 23
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (1,111) (1,241)
Inventory (14) (194)
Other current assets (814) (45)
Other assets (20) (284)
Accounts payable (1,359) 1,140
Accrued liabilities 54 56
Deferred revenue 224 (369)
Operating lease liabilities (325)
Other liabilities 453 400
Total Adjustments 5,369 7,903
Net Cash Used in Operating Activities (15,550) (9,057)
Cash Flows Used in Investing Activities    
Purchase of property and equipment (546) (58)
Investment in capitalized software (688) (658)
Cash paid for the acquisition of Jibestream (3,714)
Cash paid for the acquisition of GTX (250)
Cash paid for the acquisition of Locality (204)
Cash paid for the Systat Licensing Agreement (2,200)
Cash paid for the acquisition of Ten Degrees (1,500)
Net Cash Flows Used in Investing Activities (4,934) (4,884)
Cash Flows From Financing Activities    
Net (repayments) proceeds to bank facility (150) 237
Net proceeds from issuance of common stock, preferred stock and warrants 14,791
Net proceeds from issuance of common stock 44,041
Net repayments of notes payable (74) (71)
Loans to related party (1,806) (9,866)
Advances to related party (15)
Repayments from related party 292 1,683
Loan to Jibestream (141)
Loan to GTX (50)
Net proceeds from promissory notes 5,000 6,750
Repayment of acquisition liability to Locality shareholders (250)
Net Cash Provided By Financing Activities 47,053 13,318
Effect of Foreign Exchange Rate on Changes on Cash (42) (36)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 26,527 (659)
Cash, Cash Equivalents and Restricted Cash - Beginning of period 4,849 1,224
Cash, Cash Equivalents and Restricted Cash - End of period (Note 3) 31,376 565
Cash paid for:    
Interest 4 3
Income Taxes
Non-cash investing and financing activities    
Common shares issued for extinguishment of liability 200 1,130
Common shares issued for extinguishment of debt 8,786 3,114
Right of use asset obtained in exchange for lease liability 389 1,003
Common shares issued for GTX acquisition 650
Common shares issued for Locality acquisition 514
Common shares issued for Jibestream acquisition 862
Common shares issued for Ten Degrees acquisition $ 600