v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (2,424) $ 644
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation 5,271 3,633
Amortization of intangibles 2,559 1,413
Amortization of debt issue costs 150 113
Loss (gain) on disposal of assets 156 (7)
Non-cash stock based compensation 2,139 1,624
Non-cash operating lease expenses 1,141  
Changes in assets and liabilities, net:    
Accounts receivable, net (5,795) 2,299
Inventories (1,019) (41)
Prepaid expenses (250) (1,990)
Other current assets (265) (158)
Accounts payable, accrued and other liabilities 4,434 6,782
Net cash provided by operating activities 6,097 14,312
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (3,196) (4,666)
Net cash used in investing activities (3,196) (4,666)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of equipment and other loans (1,797) (1,394)
Repayment of term loan (1,968) (6,338)
Issuance of common stock, net 4,248 483
Net cash provided by (used in) financing activities 483 (7,249)
Effects of foreign exchange rate changes on cash and cash equivalents 0 (45)
Net change in cash and cash equivalents 3,384 2,352
Cash and cash equivalents, beginning of period 9,811 12,821
Cash and cash equivalents, end of period 13,195 15,173
Supplemental disclosure of cash flow information:    
Interest paid 1,696 1,396
Income taxes paid, net 8 7
Supplemental disclosure of non-cash investing and financing information:    
Equipment acquired under loan obligations 2,003 3,355
Property and equipment included in accounts payable $ 1,175 $ 660

Source