Cash Flow

v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities:    
Net income (loss) $ 3,907 $ (4,028)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,824 3,051
Amortization of discount on warrants 207 197
Deferred rent 193 830
Deferred taxes 31 (25)
Income from equity method investments (182) (168)
Gain on disposition of cost method investment (185) 0
Stock-based compensation 1,313 1,052
Impairments 0 559
Changes in operating assets and liabilities:    
Accounts receivable (1,209) (684)
Inventory (2) (94)
Other current assets (430) 443
Due to related parties, net (301) 662
Security deposits 11 169
Other assets 35 262
Accounts payable 79 1,627
Accrued expenses 911 1,631
Deferred revenue (758) 503
Net cash provided by operating activities 6,444 5,987
Investing activities:    
Purchase of property and equipment (4,102) (4,610)
Distribution from equity investment 40 276
Proceeds from disposition of costs method investment 600 0
Net cash used in investing activities (3,462) (4,334)
Financing activities:    
Proceeds from business loan and security agreement 0 1,000
Repayment of term loan (2,828) (2,828)
Repayment of equipment financing agreement (354) (334)
Repayment of business loan and security agreement (62) (938)
Issuance of common stock 1,223 2,183
Issuance of warrants 0 388
Distributions to non-controlling interests (163) (409)
Net cash (used in) provided by financing activities (2,184) (938)
Effect of exchange rate changes on cash (754) (85)
Net increase in cash and cash equivalents 44 630
Cash and cash equivalents, beginning of year 1,548 918
Cash and cash equivalents, end of year 1,592 1,548
Supplemental disclosure of cash flow data:    
Interest paid 996 1,180
Income taxes paid 797 99
Non-cash amortization of debt issuance costs $ 19 $ 35

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