v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ 13 $ (362)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property and equipment 1,343 1,217
Amortization of intangible assets 24 21
Stock-based compensation 887 754
Loss on disposal of property and equipment 2  
Changes in operating assets and liabilities:    
Accounts receivable and contract asset 6,570 7,892
Prepaid expenses and other assets 310 195
Accounts payable (562) (346)
Accrued expenses and other current liabilities (491) (810)
Deferred revenue (2,370) 344
Net cash provided by operating activities 5,726 8,905
Cash flows from investing activities:    
Purchase of property and equipment (1,117) (896)
Investment in intangible and other assets (24) (34)
Net cash used in investing activities (1,141) (930)
Cash flows from financing activities:    
Payment of contingent consideration liability (347)  
Proceeds from issuance of common stock in public offering   11,247
Payments of offering costs   (127)
Proceeds from exercise of stock options 58 219
Net cash provided by (used in) financing activities (289) 11,339
Increase in cash, cash equivalents and restricted cash 4,296 19,314
Effect of exchange rate on cash and cash equivalents (169) (8)
Cash, cash equivalents and restricted cash at beginning of year 24,550 10,278
Cash, cash equivalents and restricted cash at end of period 28,677 29,584
Supplemental cash flow disclosures:    
Offering costs included in accounts payable   317
Purchases of property and equipment included in accounts payable $ 623 $ 626

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