Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Consolidated net loss $ (24,101) $ (23,423)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:    
Depreciation and amortization of intangibles 20,418 18,408
Deferred income taxes (563)
Fair value adjustments (473)
Amortization of debt discount 357 273
Inventory valuation adjustment 256
Amortization of deferred financing fees 608 189
Non-cash compensation 1,695 2,158
Loss on derivative instruments 3,370 352
Bad debt expense 45 2
Changes in operating assets and liabilities:    
Accounts receivable 7,781 39,835
Inventories (5,755) (3,273)
Prepaid expenses and other assets (1,437) (4,454)
Prepaid inventory 1,485 (486)
Accounts payable and accrued expenses 1,003 (14,273)
Net cash provided by operating activities 4,906 15,091
Investing Activities:    
Additions to property and equipment (7,340) (6,229)
Net cash used in investing activities (7,340) (6,229)
Financing Activities:    
Net proceeds from Kinergys' line of credit 22,551 5,295
Proceeds from assessment financing 728
Net proceeds from notes 13,530
Principal payments on borrowings (6,500) (4,500)
Payments on capital leases (626) (386)
Proceeds from exercise of warrants and options 690
Preferred stock dividends paid (627) (627)
Net cash provided by financing activities 15,526 14,002
Net increase in cash and cash equivalents 13,092 22,864
Cash and cash equivalents at beginning of period 49,489 [1] 68,590
Cash and cash equivalents at end of period 62,581 91,454
Supplemental Cash Flow Information:    
Interest paid 7,598 4,852
Income tax refunds received 168 3
Reclass of warrant liability to equity upon warrant exercises $ 178
[1] Amounts derived from the audited financial statements for the year ended December 31, 2017