Stereotaxis
    Print Page  Close Window
10-K
STEREOTAXIS, INC. filed this Form 10-K on 03/15/2019
Entire Document
 << Previous Page | Next Page >>

 

STEREOTAXIS, INC.

STATEMENTS OF CASH FLOWS

 

   Twelve Months Ended December 31, 
   2018   2017 
Cash flows from operating activities          
Net income (loss)  $116,756   $(5,887,410)
Adjustments to reconcile net loss to cash used in operating activities:          
Depreciation   513,029    554,361 
Amortization of intangibles   65,988    199,321 
Amortization of deferred finance costs   24,657    99,998 
Share-based compensation   560,973    768,682 
Net impairments and loss on asset disposal   94,931    98,550 
Adjustment of warrants   (2,590,361)   (212,030)
Provisions for obsolete inventory   320,447    3,948,726 
Changes in operating assets and liabilities:          
Accounts receivable   (733,856)   378,704 
Inventories   (365,142)   285,406 
Prepaid expenses and other current assets   (124,419)   105,215 
Other assets   26,775    (5,191)
Accounts payable   72,259    (968,909)
Accrued liabilities   (552,766)   (1,295,917)
Deferred revenue   (81,945)   (2,959,033)
Other liabilities   106,092    214,960 
Net cash used in operating activities   (2,546,582)   (4,674,567)
Cash flows from investing activities          
Purchase of fixed assets   (265,482)   (81,577)
Net cash used in investing activities   (265,482)   (81,577)
Cash flows from financing activities          
Payments of deferred financing costs   -    (100,000)
Proceeds from issuance of stock, net of issuance costs   57,137    41,054 
Proceeds from warrant exercise   9,864,697    - 
Net cash provided by (used in) financing activities   9,921,834    (58,946)
Net increase (decrease) in cash and cash equivalents   7,109,770    (4,815,090)
Cash and cash equivalents at beginning of period   3,686,302    8,501,392 
Cash and cash equivalents at end of period  $10,796,072   $3,686,302 
Supplemental disclosures of cash flow information:          
Interest paid   -    -  

 

See accompanying notes.

 

39
 << Previous Page | Next Page >>