Cash Flow

v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net income $ 769 $ 118
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 942 778
Amortization of discount on warrants 50 51
Deferred rent and tenant improvement allowances   (18)
Deferred taxes 10 (2)
Income from equity method investments   23
Gain on disposition of cost method investment   (185)
Stock-based compensation 181 324
Changes in operating assets and liabilities:    
Accounts receivable 1,147 190
Inventory 161 115
Other current assets (96) (211)
Due from related parties, net (38) (99)
Security deposits (18) (54)
Other assets 8 (37)
Accounts payable 270 (203)
Accrued expenses (1,331) (718)
Operating lease liabilities and right-of-use assets 321  
Deferred revenue 137 100
Net cash provided by operating activities 2,513 172
Investing activities:    
Purchase of property and equipment (2,060) (306)
Proceeds from disposition of cost method investment   600
Net cash (used in) provided by investing activities (2,060) 294
Financing activities:    
Repayment of term loan (707) (694)
Repayment of equipment financing agreement (91) (87)
Repayment of business loan and security agreement   (62)
Net cash used in financing activities (798) (843)
Effect of exchange rate changes on cash (168) (28)
Net decrease in cash and cash equivalents (513) (405)
Cash and cash equivalents, beginning of year 1,592 1,548
Cash and cash equivalents, end of year 1,079 1,143
Supplemental disclosure of cash flow data:    
Interest paid 235 142
Income taxes paid 191 26
Non-cash amortization of debt issuance costs $ 5 $ 5

Source