Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

v3.8.0.1
STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ (14,307) $ 5,135 $ (11,279)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation and amortization 417 377 358
Non-cash interest expense 141 0 0
Non-cash (gain) loss on changes in fair value of warrants (619) (825) 4,512
Stock-based compensation 1,687 1,039 1,026
Changes in operating assets and liabilities:      
Receivables 3,522 626 (245)
Prepaid expenses and other assets (486) (63) (29)
Accounts payable (2,194) (1,143) (250)
Other accrued liabilities (1,199) 1,147 112
Deferred contract revenue 0 0 (1,671)
Net cash provided by (used in) operating activities (13,038) 6,293 (7,466)
Cash flows from investing activities:      
Purchases of furniture and equipment (175) (171) (133)
Net cash used in investing activities (175) (171) (133)
Cash flows from financing activities:      
Proceeds from the issuance of debt 6,729 0 0
Proceeds from issuance of common stock from the exercise of stock options 0 27 0
Issuance of common stock from the vesting of restricted shares 0 0 (14)
Net cash provided by (used in) financing activities 6,729 27 (14)
Net increase (decrease) in cash (6,484) 6,149 (7,613)
Cash and cash equivalents at beginning of period 14,006 7,857 15,470
Cash and cash equivalents at end of period 7,522 14,006 7,857
Supplemental disclosure of cash flow information      
Interest paid 298 0 0
Fair value of warrants at the time of reclassification to equity $ 0 $ 0 $ 8,646