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Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 427,000 $ 3,000
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 98,000 78,000
Stock-based compensation expense 606,000 373,000
Amortization of operating lease liability (43,000)
Interest expense – finance type lease 2,000
Amortization of deferred rent related to lease incentives 0 (32,000)
Loss from equity-method investment in SAVSU 232,000 144,000
Change in operating assets and liabilities    
Accounts receivable, trade 118,000 (23,000)
Inventories (551,000) 10,000
Prepaid expenses and other current assets 6,000 12,000
Accounts payable 553,000 (69,000)
Accrued compensation and other current liabilities (302,000) (101,000)
Deferred rent (3,000)
Net cash provided by operating activities 1,146,000 392,000
Cash flows from investing activities    
Purchase of property and equipment (156,000) (41,000)
Net cash used in investing activities (156,000) (41,000)
Cash flows from financing activities    
Payments on equipment loan (4,000) (3,000)
Payments on capital lease obligation/finance lease (4,000) (3,000)
Proceeds from exercise of common stock options and warrants 185,000 73,000
Cash received in advance of issuance of stock on warrant exercises 57,000
Payments of preferred stock dividends (106,000)
Net cash provided by financing activities 177,000 18,000
Net increase in cash and cash equivalents 1,167,000 369,000
Cash and cash equivalents - beginning of period 30,657,000 6,663,000
Cash and cash equivalents - end of period 31,824,000 7,032,000
Non-cash investing and financing activities    
Stock issued for services provided in prior period included in liabilities at year-end 36,000
Purchase of equipment with debt 18,000
Series A preferred stock dividends accrued not yet paid 106,000
Purchase of property & equipment not yet paid $ 46,000