Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) $ (9,282) $ (9,258)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Depreciation 1,016 680
Amortization 174 17
Provision for bad debts 0 216
Stock-based compensation 1,024 1,454
Change in fair value of business acquisition (101) 406
Change in fair value of warrant liability (17) 196
Amortization of debt issuance costs 6 2
Loss in equity method investment 27 405
Changes in:    
Accounts receivable (5,323) (910)
Other current assets 148 (457)
Other non-current assets (12) (73)
Accounts payable, accrued expenses and deferred revenue (253) 162
Deferred rent payable and other (9) (38)
Net cash (used in) operating activities (12,602) (7,360)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of fixed assets (319) (257)
Decrease in restricted cash 0 6,000
Patent costs (86) (68)
Net cash provided by (used in) investing activities (405) 5,675
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on capital lease obligations (84) (29)
Payments for deferred equity offering costs 0 (86)
Proceeds from option exercises 0 23
Proceeds from offering of common stock, net of offering costs 4,517 0
Principal payments on bank term note (333) 0
Payment of debt issuance costs 0 (33)
Net cash provided by (used in) financing activities 4,100 (125)
Net (decrease) in cash and cash equivalents (8,907) (1,810)
CASH AND CASH EQUIVALENTS    
Beginning 19,459 25,554
Ending 10,552 23,744
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Cash paid for interest 202 72
BioServe    
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Change in fair value of business acquisition (101) 406
Gentris    
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Change in fair value of business acquisition $ 0 $ (162)