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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Cash flows provided by (used in) operating activities        
Net income (loss) $ (1,041) $ (4,582) $ 7,251 $ (8,645)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities        
Gain on bargain purchase (3,691) (2,237) (15,530) (2,749)
Gain on debt and payables extinguishment (1,090) 0 (3,990) 0
Stock-based compensation 438 82 603 180
Payment made in stock (payroll and consultants)     1,426 1,020
Provision for bad debt     0 97
Inventory valuation adjustments     76 110
Depreciation and amortization 1,143 1,512 2,132 2,867
Change in fair value of derivative liabilities     190 1,260
Guaranteed interest and debt issuance costs     434 0
Amortization of debt discount     0 50
Offering expenses 0 158 0 158
Changes in assets and liabilities        
Accounts receivable     (1,895) 72
Inventory     2,181 480
Prepaid expenses and other current assets     (559) (67)
Accounts payable     3,187 329
Deferred rent     0 (64)
Accrued expenses and interest expense     3,205 196
Deferred revenue and customer deposits     3 33
Due to related parties     1,657 312
Net cash provided by (used in) operating activities     371 (4,361)
Cash flows used in investing activities        
Cash acquired with the acquisition of IMT     0 (23)
Cash disbursed for property and equipment     (395) (12)
Cash used in Vislink acquisition     (6,500) 0
Net cash used in investing activities     (6,895) (35)
Cash flows provided by financing activities        
Principal repayments made on of capital lease obligations     (28) (25)
Proceeds from multiple issuances of convertible preferred stock, common stock and warrants     3,500 4,537
Costs incurred in connection with multiple financings     (459) (791)
Proceeds received from issuance of convertible notes payable     0 1,000
Principal repayments of Vislink notes     (2,000) 0
Principal repayments of convertible notes payable     0 (1,031)
Principal repayments of notes payable     (824) 0
Proceeds from the exercise of warrants     1,589 492
Net cash provided by financing activities     1,778 4,182
Effect of exchange rate changes on cash     348 0
Net decrease in cash     (4,398) (214)
Cash, beginning of period     9,054 368
Cash, end of period 4,656 154 4,656 154
Cash paid for interest     242 472
Cash paid for taxes     0 0
Supplemental cash flow disclosures of non-cash investing and financing activities        
Conversion of convertible notes payable     0 465
Settlement of services previously accrued     295 0
Settlement of amounts due to related parties     120 244
Settlement of notes payable to sellers of Vislink with assumption of liabilities and debt extinguishment     7,500 0
Issuance of Series D Convertible Preferred Stock     0 500
Stock issued as payment of interest on convertible note     90 0
Reclassification of derivative liabilities to stockholders’ equity upon the exercise of warrants     0 376
Dividends and deemed dividend on Series B Convertible Preferred Stock conversion     0 1,808
Purchase Consideration        
Amount of consideration:     16,000 3,000
Assets acquired and liabilities assumed at preliminary fair value        
Cash 0 477 0 477
Accounts receivable 7,129 676 7,129 676
Inventories 18,234 3,329 18,234 3,329
Property and equipment 3,868 1,470 3,868 1,470
Prepaid expenses 1,209 55 1,209 55
Accounts payable (2,079) (423) (2,079) (423)
Deferred rent 0 (167) 0 (167)
Accrued expenses (451) (378) (451) (378)
Net tangible assets acquired 27,910 5,039 27,910 5,039
Identifiable intangible assets        
Total Identifiable Intangible Assets 3,620 710 3,620 710
Total net assets acquired 31,530 5,749 31,530 5,749
Consideration paid     16,000 3,000
Preliminary gain on bargain purchase 3,691 2,237 15,530 2,749
Customer Relationships [Member]        
Identifiable intangible assets        
Total Identifiable Intangible Assets 2,520 360 2,520 360
Trademarks and Trade Names [Member]        
Identifiable intangible assets        
Total Identifiable Intangible Assets $ 1,100 $ 350 1,100 350
Series B Preferred Stock [Member]        
Supplemental cash flow disclosures of non-cash investing and financing activities        
Conversion of Convertible Preferred Stock     0 2,722
Series D Preferred Stock [Member]        
Supplemental cash flow disclosures of non-cash investing and financing activities        
Conversion of Convertible Preferred Stock     $ 648 $ 250