Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 1,411 $ (31,844)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on discontinued operations 6 4,687
Depreciation and amortization 203 283
Amortization of debt discount and deferred debt issuance costs 217 4,598
Stock compensation for services 106 1,828
Change in fair value of derivative instruments (6,127) 351
Deferred income taxes (183) (464)
Loss on extinguishment of debt 2,255 5,468
Change in fair value of Series M preferred stock (171)
Loss on disposal of subsidiary 6,043
Provision for bad debts (10)
Issuance of shares to non-employees for services 12
Goodwill impairment charge 621
Intangible asset impairment charge 162
Changes in operating assets and liabilities:    
Accounts receivable 1,971 15
Other assets 354 (1,403)
Accounts payable and accrued expenses (188) 5,315
Income taxes 44 40
Deferred revenue (2,342) 527
Net cash used in operating activities of continuing operations (2,443) (3,771)
Net cash provided by operating activities of discontinued operations 341 2,699
Net cash used in operating activities (2,102) (1,072)
Cash flows from investing activities:    
Cash received from the sale of the ADEX Entities 1,850
Restricted cash received from the sale of the ADEX Entities 900
Proceeds from assignment of loan receivable 238
Purchases of equipment (103) (24)
Issuance of notes receivable (201)
Cash proceeds from sale of Highwire 4,000
Cash proceeds from sale of SDNE 1,134
Net cash paid upon disposal of the AWS Entities (105)
Net cash paid upon the disposal of Nottingham (8)
Net cash provided by (used in) investing activities of continuing operations 2,885 4,796
Net cash provided by investing activities of discontinued operations (5)
Net cash provided by investing activities 2,885 4,791
Cash flows from financing activities:    
Proceeds from bank borrowings 796 15
Repayments of bank borrowings (694) (5)
Proceeds from term loans 25 380
Debt issuance costs on new term loans (50)
Repayment of term loans (511) (916)
Proceeds from related party loans 475
Repayments of related party loans (182)
Term loan-related repayments from proceeds of sale of the ADEX Entities (909)
Term loan-related repayments from proceeds of sale of Highwire (3,625)
Repayments of receivables purchase agreements (480)
Cancellations of shares issued for interest (1)
Net cash used in financing activities (1,000) (4,682)
Net decrease in cash (217) (963)
Cash, beginning of period 376 1,790
Cash, end of period 159 827
Supplemental disclosures of cash flow information:    
Cash paid for interest 63 189
Cash paid for income taxes 2 42
Non-cash investing and financing activities:    
Issuance of shares of common stock pursuant to conversion of debt 4,444 13,886
Addition to debt discount 70 2,387
Conversion of accounts payable into term loan 150
Issuance of shares of common stock pursuant to S-8 registration statement 279
Issuance of shares of common stock pursuant to conversion of Series M preferred stock 600
Issuance of shares of common stock pursuant to conversions of a settlement agreement 156
Repayments of term loans and accrued interest using restricted cash received from the sale of the ADEX Entities 900
Issuance of shares of Series J preferred stock pursuant to conversion of related-party debt $ 4,917