Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,298) $ (10,801)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 790 1,232
Gain on settlement of accounts payable (471) 0
Loss on sale of subsidiary   2,115
Impairment of assets 0 4,313
Inventory write down related to restructuring 0 2,169
Non-cash restructuring and other charges (reversals) 0 (4,607)
Amortization of prepaid stock compensation 0 938
Amortization of prepaid sponsorship and endorsement fees 0 844
Stock-based compensation 1,148 5,097
Other 819 156
Changes in operating assets and liabilities:    
Accounts receivable (120) 952
Inventory 2,465 1,359
Prepaid giveaways 70 196
Prepaid expenses and other current assets (677) (260)
Other assets 0 (55)
Accounts payable and accrued liabilities 530 (1,173)
Accrued restructuring charges (73) (3,161)
Net cash used in operating activities (1,817) (686)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment 0 (378)
Proceeds from sale of subsidiary 0 5,942
Proceeds from disposal of property and equipment 0 40
Trademark registrations 0 (154)
Net cash provided by investing activities 0 5,450
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from secured borrowing arrangement, net of reserves 12,116 38,041
Payments on secured borrowing arrangement, net of fees (11,650) (30,791)
Payments on line of credit 0 (3,000)
Repayments of term loan 0 (2,949)
Repayment of capital lease and other obligations (63) (81)
Net cash provided by financing activities 403 1,220
Effect of exchange rate changes on cash 24 (13)
NET CHANGE IN CASH (1,390) 5,971
CASH - BEGINNING OF PERIOD 4,943 7,081
CASH - END OF PERIOD 3,553 13,052
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 1,086 926
Cash paid for taxes 62 113
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Property and equipment acquired in conjunction with capital leases 12 24
Shares of common stock issued for BioZone disposition 0 640
Purchase of property and equipment included in current liabilities $ 0 $ 40