Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities    
Net loss $ (6,056) $ (4,306)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 401 263
Amortization of intangible assets 1,383 1,056
Stock based compensation 283 364
Change in fair value of shares to be issued 1
Change in fair value of derivative liability (56)
Amortization of technology 17
Amortization of deferred financing costs 43
Amortization of debt discount 294
Provision for doubtful accounts 212
Other 13 2
Changes in operating assets and liabilities:    
Accounts receivable and other receivables 5,392 787
Inventory 278 (67)
Other current assets 420 140
Prepaid licenses and maintenance contracts 3,301 446
Other assets (3) 1
Accounts payable (499) (848)
Accrued liabilities 168 (1,323)
Deferred revenue (3,689) 3,371
Other liabilities (82) (103)
Total Adjustments 7,664 4,302
Net Cash Provided by (Used in) Operating Activities 1,608 (4)
Cash Flows Used in Investing Activities    
Purchase of property and equipment (82) (48)
Investment in capitalized software (351) (414)
Net Cash Flows Used in Investing Activities (433) (462)
Cash Flows Provided by Financing Activities    
Advances (repayment) of line of credit (2,269) (588)
Repayment of term loan (167)
Repayments to related party (3)
Net Cash Used In Financing Activities (2,269) (758)
Effect of Foreign Exchange Rate on Changes on Cash 11 17
Net Decrease in Cash and Cash Equivalents (1,083) (1,207)
Cash and Cash Equivalents - Beginning of period 1,821 4,060
Cash and Cash Equivalents - End of period 738 2,853
Cash paid for:    
Interest 237 142
Income Taxes