Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (5,847) $ (3,963)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 59 31
Intangible asset impairment charges   500
Amortization of debt discounts and issuance costs 2,054  
Change in fair value of warrant liability (3,118)  
Provision for doubtful accounts 67  
Stock-based compensation expense 125 42
Changes in assets and liabilities:    
Accounts receivable (2,915) (2,591)
Expenditures billable to clients (1,484) (1,478)
Prepaid expenses and other current assets (2,111) 137
Accounts payable 4,328 (10,025)
Accrued liabilities (282) 2,720
Customer advances 4,012 (50)
Net cash used in operating activities (5,112) (14,677)
Cash flows from investing activities:    
Addition to intangible assets (30)  
Net cash used in investing activities (30)  
Cash flows from financing activities:    
Proceeds from issuance of convertible notes payable 2,000  
Deferred offering costs (83)  
Debt issuance costs (15)  
Payment to repurchase common stock (56)  
Net cash provided by financing activities 1,846  
Net decrease in cash and cash equivalents (3,296) (14,677)
Cash and cash equivalents, beginning of period 12,078 19,197
Cash and cash equivalents, end of period 8,782 $ 4,520
Non-cash investing and financing activities:    
Unpaid deferred IPO costs $ 263