v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (20,350) $ (6,593)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,252 4,526
Amortization of deferred financing costs 328 326
Amortization of convertible notes discount 568 516
Paid-in-kind interest 1,300 1,206
Stock-based compensation 2,121 1,339
Provision for bad debts 457 181
Loss on disposal of assets 4  
Deferred taxes (2,577) 1,648
Changes in operating assets and liabilities:    
Accounts receivable 2,439 (3,493)
Inventories (2,149) (13,823)
Prepaid expenses and other assets 475 (916)
Accounts payable and accrued expenses 9,534 7,943
Other liabilities 125 (38)
Net cash used in operating activities (3,473) (7,178)
CASH FLOWS FROM INVESTING ACTIVITIES    
Refund of security deposit   7
Purchases of property and equipment (976) (777)
Net cash used in investing activities (976) (770)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of long-term debt (2,188) (938)
Proceeds from line of credit, net 2,247 7,420
Payment of deferred financing costs   (124)
Repayment of customer cash advances   (1,707)
Taxes paid in lieu of shares issued for stock-based compensation (428) (267)
Net cash (used in) provided by financing activities (369) 4,384
Effect of exchange rate changes on cash and cash equivalents 82 (120)
NET CHANGE IN CASH AND CASH EQUIVALENTS (4,736) (3,684)
CASH AND CASH EQUIVALENTS, at beginning of period 8,250 6,476
CASH AND CASH EQUIVALENTS, at end of period 3,514 2,792
Supplemental disclosures of cash flow information:    
Interest paid 6,624 4,381
Income taxes paid 172 147
Supplemental disclosures of non-cash investing and financing activities:    
Conversion of Short-Term Convertible Note 13,764  
Unpaid purchases of property and equipment $ 58 $ 256

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