Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net loss	$ (15,440)	$ (46,592)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation expense	1,562	934
Amortization of intangible assets	6,759	8,004
Amortization of debt discount and deferred financing costs	27,172	52,259
Provision for bad debts	(101)	(351)
Gain on disposal of assets - foreclosure	(31,538)
Loss on sale and disposal of asset	399	3,310
Payment in-kind interest- convertible debt	860	2,167
Payment in-kind interest, Benchmark Sellers	2,711	1,730
Share-based compensation	1,388	18,438
Common shares issued for board of director fees	248	533
Common shares issued for convertible note modifications, amendments, redemption agreements and settlements		805
Common shares issued for consulting services		8,686
Loss on issuance of convertible debt	67	5,319
Prepayment and late fee penalties on convertible note payments	2,728	1,078
Loss on debt conversion and repayment	3,741
Gain on troubled debt restructuring, net	(5,028)
Gain on extinguishment of debt		(35,425)
Gain on extinguishment of Benchmark Sellers notes		(530)
(Loss) gain on merchant credit and note payable settlement, net	(288)	987
(Gain) loss on warrant derivative liability	426	(11,678)
Loss (gain) on convertible derivative liability	1,601	(17,177)
Loss on lease termination	3,708
Accrued dividends, preferred stock	(80)	(80)
Benefit from deferred income taxes		1,591
Changes in operating assets and liabilities:
Decrease (increase) in receivables	16,580	(11,998)
Decrease (increase) in cost and estimated earnings in excess of billings on uncompleted contracts	6,210	(3,530)
Net decrease in other current assets	871	3,229
Net (decrease) increase in accounts payable and accrued liabilities	(28,853)	36,120
Increase in due to related party		25
Net cash (used in) provided by operating activities	(4,297)	17,854
Cash flows from investing activities:
Net cash paid for US Home Rentals asset acquisition	(250)
Net cash received from US Home Rentals asset acquisition	109
Net restricted cash received from US Home Rentals asset acquisition	1,351
Purchase of property and equipment	(22)	(631)
Cash transferred to Benchmark Builders upon foreclosure	(8,029)
Net cash used in investing activities	(6,841)	(631)
Cash flows from financing activities:
Proceeds from issuance of convertible notes	550	15,226
Payments on convertible notes	(952)	(5,947)
Proceeds from issuance of merchant credit agreements	2,755	17,356
Payments on merchant credit agreements	(13,957)	(47,545)
Proceeds from issuance of notes payable, net	5,835	650
Payments on notes payable, financing leases and settlement notes	(3,850)	(1,981)
Proceeds from issuance of senior note payable, net	12,632	2,115
Payment of Benchmark Seller notes		(7,541)
Payments on notes payable - related parties	(16)	(420)
Proceeds from sale of common stock		7,370
Proceeds from exercise of warrants		562
Payment of deferred financing costs	(1,889)	(540)
Net cash provided by (used in) financing activities	1,108	(20,695)
Net decrease in cash and cash equivalents	(10,030)	(3,472)
Cash and cash equivalents at beginning of year	12,170	15,642
Cash and cash equivalents at the end of year	2,140	12,170
Supplemental disclosure of cash flow information:
Cash paid for interest	1,114	5,083
Cash paid for income taxes
Non-cash investing and financing activities:
Debt issued for US Home Rentals asset acquisition	85,507
Related party debt issued for acquisition of US Home Rentals asset acquisition	10,980
Preferred Series I shares to be issued for acquisition of US Home Rentals asset acquisition	117,782
Common shares to be issued for acquisition of US Home Rentals asset acquisition	15,529
Common shares issued for convertible note conversions	3,045	16,338
Common shares issued for convertible note inducement	94	2,156
Common shares issued to noteholder for debt discount	7,009	1,097
Common shares issued for note payable and other accrued debt conversions and inducement	613	853
Common shares issued for cashless warrant exercise		1,256
Common shares issued to investors held in shares to be issued	1,280
Common shares issued for debt modification	156
Note payable issued for settlement of convertible notes	5,012
Note payable issued for settlement of litigation	60
Debt discount and deferred financing costs from issuance of merchant credit agreements	1,535	34,602
Debt discount and deferred financing costs from issuance of convertible notes payable	591	2,082
Debt discount from warrant and conversion derivative liability	2,264	14,647
Debt discount and deferred financing costs from issuance of notes payable	166	741
Issuance of notes payable and financing leases for the purchase of fixed assets		25
Receivable from merchant credit agreement overdraw	131	885
Senior lender accrued interest converted to principal		2,816
Effect of adopting the new leasing standard	2,242
Notes payable classification from related party	$ 48,169