Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.20.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
May 03, 2020
May 05, 2019
Cash Flows from Operating Activities    
Net loss $ (8,347,751) $ (9,101,777)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of property and equipment 1,557,289 1,016,035
Amortization of other intangible assets 78,371 49,583
Amortization of deferred financing fees 19,726 12,171
Net loss on disposal of property and equipment   46,857
Equity based compensation 898,077 3,222,563
Deferred rent 140,298 11,772
Changes in operating assets and liabilities:    
Trade accounts receivable 112,335 (1,043,903)
Merchandise inventories 2,980,697 (4,762,440)
Prepaid expenses and other current assets 2,166,595 (409,621)
Accounts payable and accrued expenses (3,204,128) 2,527,119
Customer deposits 3,085,377 271,536
Net Cash Used in Operating Activities (513,114) (8,160,105)
Cash Flows from Investing Activities    
Purchase of property and equipment (2,142,086) (1,930,145)
Payments for patents and trademarks (205,556) (77,448)
Net Cash Used in Investing Activities (2,347,642) (2,007,593)
Cash Flows from Financing Activities    
Proceeds from the issuance of common shares, net
Taxes paid for net share settlement of equity awards (149,512) (3,164,132)
Proceeds from the issuance of warrants, net   4,000
Paydowns of line of credit   (31,373)
Payments of deferred financing costs (50,000)  
Net Cash Used in Financing Activities (199,512) (3,191,505)
Net Change in Cash and Cash Equivalents (3,060,268) (13,359,203)
Cash and Cash Equivalents - Beginning 48,538,827 49,070,952
Cash and Cash Equivalents - Ending 45,478,559 35,711,749
Supplemental Cash Flow Disclosures    
Cash paid for taxes 25,029 12,276
Cash paid for interest $ 16,816 $ 8,392