v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
6 Months Ended |
|
|
Operating Activities: |
|
|
Net income/(loss) |
$ (1,322)
|
$ (1,729)
|
Adjustments to reconcile net income/(loss) to net cash in operating activities |
|
|
Depreciation and amortization |
810
|
1,073
|
Amortization of debt discount |
326
|
330
|
Stock-based compensation |
142
|
135
|
Change in warrant liability |
377
|
(441)
|
Deferred tax provision/(benefit) |
126
|
(515)
|
Allowance for doubtful accounts |
28
|
43
|
Increase in notes due to in-kind interest |
39
|
60
|
Warrant issued for services |
|
20
|
Gain on settlement of debt and write-off of Broadcast International, Inc. |
(866)
|
(406)
|
Changes to operating assets and liabilities: |
|
|
Accounts receivable and unbilled revenues |
538
|
(1,087)
|
Inventories |
(34)
|
(191)
|
Prepaid expenses and other current assets |
(30)
|
(119)
|
Other assets |
(19)
|
1
|
Accounts payable |
(616)
|
561
|
Deferred revenue |
6,039
|
491
|
Accrued expenses |
289
|
(72)
|
Deposits |
(513)
|
|
Other non-current liabilities |
6
|
14
|
Net cash provided by/(used in) operating activities |
5,320
|
(1,832)
|
Investing activities |
|
|
Net purchases of property and equipment |
(306)
|
(93)
|
Net cash used in investing activities |
(306)
|
(93)
|
Financing activities |
|
|
Issuance of convertible preferred stock and warrants |
|
153
|
Issuance of common stock |
500
|
178
|
Issuance of loans payable and warrants, net of discount |
|
636
|
Payments on debt |
(786)
|
(30)
|
Net cash (used in)/provided by financing activities |
(286)
|
937
|
Increase/(decrease) in Cash and Cash Equivalents |
4,728
|
(988)
|
Cash and Cash Equivalents, beginning of period |
1,352
|
1,361
|
Cash and Cash Equivalents, end of period |
$ 6,080
|
$ 373
|
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