Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows Used in Operating Activities    
Net (loss) income $ (3,193) $ 2,414
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 855 972
Interest accretion 231
Provision for bad debt 34
Amortization of debt issuance costs 21
Mark to market on derivatives 42
Reversal of severance accrual (2,034)
Mark to market on warrants (71)
Loss on extinguishment of debt 1,547
Stock-based compensation 597 58
Change in fair value of contingent consideration (5,776)
Other changes in assets and liabilities:    
Increase in accounts receivable (466) (90)
Decrease in other current assets 80 161
Decrease in other long-term assets 250
Increase in accounts payable 344 295
Decrease in accrued salaries and bonus (397) (1,639)
Decrease in other accrued expenses (292) (648)
Increase in other long-term liabilities 49 13
Net cash used in operating activities (2,494) (4,149)
Cash Flows From Investing Activities    
Purchase of property and equipment (60)
Net cash used in investing activities (60)
Cash Flows From Financing Activities    
Issuance of common stock, net of expenses 10,701
Cash paid for repurchase of restricted shares (28)
Net cash provided by financing activities 10,673
Net (decrease) increase in cash and cash equivalents (2,554) 6,524
Cash and cash equivalents – beginning 15,199 602
Cash and cash equivalents – ending $ 12,645 $ 7,126