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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities:    
Net loss $ (57,002) $ (28,975)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,578 6,789
Stock-based compensation 10,956 5,304
Amortization of debt discount and debt issuance costs 3,709 2,087
Amortization of right-of-use asset 930  
Provision for doubtful accounts 242 164
Provision for excess and obsolete inventory 8,624 3,733
Deferred income tax benefit (438) (1,405)
Gain on settlement   (6,168)
Beneficial conversion feature from convertible notes 242  
Loss on extinguishment of debt   590
Loss on disposal of instruments 127 130
Accretion to contingent consideration 289 846
Changes in operating assets and liabilities:    
Accounts receivable, net (1,298) (396)
Inventories, net (14,712) (5,014)
Prepaid expenses and other current assets 186 (268)
Other assets 262 (90)
Other long-term assets (3,308)  
Accrued expenses and other 6,647 1,677
Accounts payable 6,003 16
Deferred revenue   (261)
Lease liability 2,239  
Other long-term liabilities (4,397) (4,367)
Net cash used in operating activities (33,121) (25,608)
Investing activities:    
Purchases of property and equipment (13,032) (6,514)
Cash paid for acquisition of SafeOp Surgical, Inc.   (15,103)
Cash paid for acquisition of intangible assets   (400)
Cash received from sale of equipment   348
Net cash used in investing activities (13,032) (21,669)
Financing activities:    
Proceeds from public offering, net 53,848  
Proceeds from sale of common stock, net 1,977 51,902
Borrowings under lines of credit 114,710 90,459
Repayments under lines of credit (112,934) (89,993)
Principal payments on capital lease obligations (27) (96)
Proceeds from issuance of term debt, net 9,700 34,077
Principal payments on term loan and notes payable 3,091 32,464
Net cash provided by financing activities 64,183 53,885
Effect of exchange rate changes on cash 29 (20)
Net increase in cash 18,059 6,588
Cash at beginning of year 29,054 22,466
Cash at end of year 47,113 29,054
Supplemental disclosure of cash flow information:    
Cash paid for interest 5,969 5,141
Cash paid for income taxes 161 134
Supplemental disclosure of noncash investing and financing activities:    
Common stock warrants issued with term loan draw 13,664 1,708
Purchases of property and equipment in accounts payable 1,275 940
SafeOp Surgical, Inc.    
Adjustments to reconcile net loss to net cash used in operating activities:    
Accretion to contingent consideration 300  
Supplemental disclosure of noncash investing and financing activities:    
Common stock and warrants issued for the acquisition of SafeOp   12,529
Common stock issued for achievement of SafeOp contingent consideration $ 2,889 $ 1,446