v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (362) $ (1,217)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,238 817
Stock-based compensation 754 427
Changes in operating assets and liabilities:    
Accounts receivable 7,892 (2,439)
Prepaid expenses and other assets 195 11
Accounts payable (346) 305
Accrued expenses and other current liabilities (810) (834)
Deferred revenue 344 706
Net cash provided by (used in) operating activities 8,905 (2,224)
Cash flows from investing activities:    
Purchase of property and equipment (896) (2,985)
Investment in intangible and other assets (34) (10)
Net cash used in investing activities (930) (2,995)
Cash flows from financing activities:    
Proceeds from issuance of common stock upon secondary offering 11,247  
Payments of offering costs (127)  
Proceeds from exercise of stock options 219 342
Net cash provided by financing activities 11,339 342
Increase (decrease) in cash, cash equivalents and restricted cash 19,314 (4,877)
Effect of exchange rate on cash and cash equivalents (8) 42
Cash, cash equivalents and restricted cash at beginning of year 10,278 19,597
Cash, cash equivalents and restricted cash at end of period 29,584 $ 14,762
Supplemental cash flow disclosures:    
Offering costs included in accounts payable $ 317  

Source