Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows (Used In) from Operating Activities    
Net loss $ (5,150) $ (6,243)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 231 513
Amortization of intangible assets 812 1,323
Amortization of right of use asset 83
Adoption of accounting standards 1,288
Stock based compensation 890 286
Amortization of technology 17 17
Change in fair value of derivative liability (48)
Amortization of debt discount 250 417
Provision for doubtful accounts 105 116
Gain on earnout (577)
Gain on the settlement of liabilities (133)
Gain on the sale of Sysorex Arabia (23)
Other 79
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (639) 958
Inventory (130) (72)
Other current assets 61 (521)
Prepaid licenses and maintenance contracts 6,902
Other assets (100)
Accounts payable (12) (3,680)
Accrued liabilities 77 (3,272)
Deferred revenue (62) (8,220)
Other liabilities (5) (7)
Total Adjustments 1,657 (4,733)
Net Cash Used in Operating Activities (3,493) (10,976)
Cash Flows Used in Investing Activities    
Purchase of property and equipment (16) (11)
Investment in capitalized software (239) (156)
Net Cash Flows Used in Investing Activities (255) (167)
Cash Flows From (Used in) Financing Activities    
Net repayments to bank facility (23) (1,128)
Net proceeds from issuance of common stock, preferred stock and warrants 10,859 18,944
Repayment of notes payable (1) (113)
Advances to related party (4,909)
Repayments from related party 652
Net Cash Provided By Financing Activities 6,578 17,703
Effect of Foreign Exchange Rate on Changes on Cash (8) (7)
Net Increase in Cash, Cash Equivalents and Restricted Cash 2,822 6,553
Cash, Cash Equivalents and Restricted Cash - Beginning of period 1,148 351
Cash, Cash Equivalents and Restricted Cash - End of period 3,970 6,904
Cash paid for:    
Interest 853 427
Income Taxes
Non-cash investing and financing activities    
Common shares issued for extinguishment of debenture liability 1,457
Common shares issued for extinguishment of liability 1,130
Common shares issued for extinguishment of debt 384
Right of use asset obtained in exchange for lease liability $ 646