Cash Flow

v3.19.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (14,674) $ (2,693)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 303 96
Operating lease right-of-use-assets amortization 81  
Provision for doubtful accounts 24 88
Stock-based compensation 7,745 524
Changes in operating assets and liabilities:    
Accounts receivable 4 (50)
Inventories (843) (386)
Prepaid expenses and other assets (107) (119)
Accounts payable 286 173
Accrued expenses (1,748) 51
Deferred revenue 53 (81)
Other liabilities (68) (28)
Net cash used in operating activities (8,944) (2,425)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (165) (120)
Net cash used in investing activities (165) (120)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock   1,401
Payments on equipment financing (77) (10)
Net cash (used in) provided by financing activities (77) 1,391
NET CHANGE IN CASH AND CASH EQUIVALENTS (9,186) (1,154)
CASH AND CASH EQUIVALENTS, beginning of period 64,315 8,237
CASH AND CASH EQUIVALENTS, end of period 55,129 7,083
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Unpaid property and equipment included in equipment financing 188  
Transfer from inventories to property and equipment for demonstration lasers and lasers placed with customers 723 668
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash payments for interest $ 13 $ 1

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