Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jan. 28, 2017
Jan. 30, 2016
Jan. 31, 2015
OPERATING ACTIVITIES:      
Net loss $ (8,745,000) $ (12,284,000) $ (1,378,000)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:      
Depreciation and amortization 11,209,000 10,327,000 8,872,000
Share-based payment compensation 1,946,000 2,275,000 3,860,000
Amortization of deferred revenue (86,000) (85,000) (86,000)
Amortization of deferred finance costs 558,000 271,000 231,000
Deferred income taxes 788,000 788,000 788,000
Changes in operating assets and liabilities:      
Accounts receivable, net 15,978,000 (2,674,000) (4,889,000)
Inventories (3,181,000) (4,384,000) (10,294,000)
Prepaid expenses and other 423,000 (565,000) 815,000
Accounts payable and accrued liabilities (11,606,000) (3,080,000) 766,000
Net cash provided by (used for) operating activities 7,284,000 (9,411,000) (1,315,000)
INVESTING ACTIVITIES:      
Property and equipment additions (10,261,000) (22,014,000) (25,119,000)
Cash paid for acquisition (508,000) 0 0
Purchase of Evine trademark 0 0 (59,000)
Change in restricted cash and investments 0 1,650,000 0
Net cash used for investing activities (10,769,000) (20,364,000) (25,178,000)
FINANCING ACTIVITIES:      
Proceeds from issuance of term loans 17,000,000 2,849,000 12,152,000
Proceeds from issuance of common stock and warrants 12,470,000 0 0
Proceeds from issuance of revolving loans 0 19,200,000 2,700,000
Proceeds from exercise of stock options 0 2,460,000 2,794,000
Payments on term loans (2,852,000) (2,076,000) (145,000)
Payments for deferred financing costs (1,512,000) (537,000) (307,000)
Payments for common stock issuance costs (786,000) 0 0
Payments on capital leases (39,000) (52,000) (50,000)
Payments for restricted stock issuance (46,000) 0 0
Net cash provided by financing activities 24,235,000 21,844,000 17,144,000
Net increase (decrease) in cash 20,750,000 (7,931,000) (9,349,000)
BEGINNING CASH 11,897,000 19,828,000 29,177,000
ENDING CASH $ 32,647,000 $ 11,897,000 $ 19,828,000