MITK Cash Flow Statement

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OPERATING ACTIVITIES
Net income (loss) -3.75M
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Stock-based compensation expense 1.36M
Non-cash interest expense on convertible debt
Depreciation and amortization
Amortization of capitalized debt issuance costs
Provision for bad debts -3.77K
Changes in assets and liabilities:
Accounts receivable
Deferred maintenance fees
Inventory, prepaid expenses and other current assets
Accounts payable 1.06M
Accrued payroll and related taxes 195.7K
Deferred revenue 804.91K
Deferred rent
Other accrued liabilities 854.7K
Net cash provided by (used in) operating activities 781.94K
INVESTING ACTIVITIES
Purchases of short-term investments
Purchases of property and equipment -748.66K
Net cash used in investing activities 1.77M
FINANCING ACTIVITIES
Proceeds from the issuance of common stock, net of issuance costs of $1,154,634 and $0, respectively
Proceeds from exercise of warrants and stock options
Proceeds from line of credit
Proceeds from the issuance of convertible debt, net
Net cash provided by financing activities 737.23K
NET INCREASE IN CASH AND CASH EQUIVALENTS 3.29M
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 6.7M
CASH AND CASH EQUIVALENTS AT END OF PERIOD 9.99M
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest 4.25K
Cash paid for income taxes 800
NON-CASH FINANCING AND INVESTING ACTIVITIES
Conversion of debt to common stock
Debt discount on convertible note due to warrants
Beneficial conversion feature related to convertible debt issued

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