Cash Flow

v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income $ 606 $ 432
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,946 1,679
Stock-based compensation 637 668
Loss on early debt extinguishment 437  
Amortization of discount on warrants 82 101
Deferred rent and tenant improvement allowances   359
Deferred taxes 26 (1)
Income from equity method investments   (111)
Gain on disposition of cost method investment   (185)
Changes in operating assets and liabilities:    
Accounts receivable 471 147
Inventory 39 203
Other current assets 30 (28)
Due from related parties, net (298) (365)
Security deposits (18) (60)
Other assets 11 (23)
Accounts payable 705 (199)
Accrued expenses (2,943) (244)
Operating lease liabilities and right-of-use assets 450  
Deferred revenue (37) (40)
Net cash provided by operating activities 2,144 2,333
Investing activities:    
Purchase of property and equipment (2,917) (1,926)
Proceeds from disposition of cost method investment   600
Net cash used in investing activities (2,917) (1,326)
Financing activities:    
Borrowings on revolving credit facility 2,150  
Borrowings of term loan 10,000  
Repayment of term loans (3,828) (1,401)
Repayment of promissory notes (6,250)  
Repayment of due to related parties, long-term (1,197)  
Repayment of equipment financing agreement (184) (175)
Repayment of business loan and security agreement   (62)
Debt issuance costs (421)  
Net cash (used in) provided by financing activities 270 (1,638)
Effect of exchange rate changes on cash (290) 16
Net decrease in cash and cash equivalents (793) (615)
Cash and cash equivalents, beginning of year 1,592 1,548
Cash and cash equivalents, end of year 799 933
Supplemental disclosure of cash flow data:    
Interest paid 483 $ 484
Income taxes paid 193  
Non-cash amortization of debt issuance costs $ 14  

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