March 31, 2019 | March 31, 2018 | ||||
Operating activities: | |||||
Net loss | $ | (8,996) | $ | (8,460) | |
Items not affecting cash: | |||||
Amortization and depreciation | 984 | 955 | |||
Accretion of long-term debt | 373 | (241) | |||
Interest paid in-kind on long-term debt | 425 | 408 | |||
Stock-based compensation expense | 618 | 395 | |||
Write-down of inventory | 50 | 118 | |||
Unrealized foreign exchange loss (gain) | 317 | (528) | |||
Changes in operating assets and liabilities: | |||||
Accounts receivable | (595) | (890) | |||
Inventories | (419) | 312 | |||
Prepaid expenses and other assets | (1,882) | (177) | |||
Deferred revenue | - | (25) | |||
Accounts payable and accrued liabilities | 1,534 | (387) | |||
Other long-term liabilities | (20) | (8) | |||
Net cash used in operating activities | (7,611) | (8,528) | |||
Investing activities: | |||||
Proceeds of disposal of Canadian Operations | 190 | - | |||
Purchase of property and equipment | (68) | (202) | |||
Purchase of intangible assets | (12) | - | |||
Net cash provided by (used in) investing activities | 110 | (202) | |||
Financing activities: | |||||
Issuance of common stock | 8,347 | - | |||
Share issue costs | (405) | - | |||
Issuance of common stock upon exercise of stock options | - | 258 | |||
Income tax withholdings on vesting of restricted share units | - | (21) | |||
Financing fees on issuance of long-term debt | - | (21) | |||
Net cash provided by financing activities | 7,942 | 216 | |||
Increase (decrease) in cash, cash equivalents, and restricted cash | 441 | (8,514) | |||
during the period | |||||
Effect of foreign exchange rate changes on cash, cash equivalents, | (110) | 91 | |||
and restricted cash | |||||
Cash, cash equivalents, and restricted cash, beginning of period | 17,570 | 24,181 | |||
Cash, cash equivalents, and restricted cash, end of period | $ | 17,901 | $ | 15,758 | |
Supplemental cash flow information: | |||||
Interest paid | $892 | $897 | |||
Cash paid for income taxes | - | 16 |