v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (1,217) $ (1,561)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 817 679
Stock-based compensation 427 23
Amortization of debt issuance costs   34
Changes in operating assets and liabilities:    
Accounts receivable (2,439) (1,946)
Prepaid expenses and other assets 11 (26)
Accounts payable 305 (382)
Accrued expenses and other current liabilities (834) (166)
Deferred revenue 706 1,470
Net cash used in operating activities (2,224) (1,875)
Cash flows from investing activities:    
Purchase of property and equipment (2,985) (1,077)
Investment in intangible and other assets (10) (7)
Net cash used in investing activities (2,995) (1,084)
Cash flows from financing activities:    
Proceeds from notes payable   1,500
Proceeds from exercise of stock options 342 5
Net cash provided by financing activities 342 1,505
Decrease in cash and cash equivalents (4,877) (1,454)
Effect of exchange rate on cash and cash equivalents 42 2
Cash, cash equivalents and restricted cash at beginning of year 19,597 3,895
Cash, cash equivalents and restricted cash at end of period $ 14,762 2,443
Supplemental cash flow disclosures:    
Cash paid for interest   336
Supplemental disclosure of non-cash financing activities:    
Issuance of warrants in connection with the issuance of notes payable to a financial institution   111
Debt origination fees included in accrued expenses and other current liabilities   30
Deferred offering costs included in other assets   $ 731

Source