v3.19.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES    
Net (loss) income $ (32,130,000) $ 1,709,000
Adjustments to reconcile to net (loss) income to net cash provided by operating activities:    
Depreciation 2,303,000 2,263,000
Amortization 2,547,000 2,547,000
Share-based compensation 498,000 353,000
Deferred income tax (benefit) 624,000 (624,000)
Loss on disposal of fixed assets 7,000 57,000
Amortization of deferred finance cost 142,000 212,000
Loss on debt extinguishment   989,000
Loss on impairment of goodwill 30,579,000  
Prepayments and other fees incurred in debt extinguishment   (364,000)
Bad debt expense 27,000 14,000
Inventory reserves 1,112,000 544,000
Changes in operating assets and liabilities    
Accounts receivable 213,000 4,687,000
Net accounts receivable from/payable to affiliates 514,000 (102,000)
Income tax receivable (840,000)  
Other long-term assets   (13,000)
Inventory (8,662,000) 3,494,000
Prepaid income tax 853,000 (896,000)
Prepaid expenses (2,000) (53,000)
Trade accounts payable 3,660,000 3,198,000
Accrued expenses (829,000) (1,288,000)
Other long-term liabilities (12,000) (34,000)
Net cash (used in) provided by operating activities (850,000) 7,523,000
INVESTING ACTIVITIES    
Purchase of property and equipment (989,000) (548,000)
Net cash (used in) investing activities (989,000) (548,000)
FINANCING ACTIVITIES    
Principal payments on term debt (2,007,000) (1,075,000)
Repayment of existing debt   (28,924,000)
Borrowings on new term debt 425,000 15,000,000
Debt issuance costs incurred   (366,000)
Shares repurchased for income tax withholding on share-based compensation (95,000) (25,000)
Proceeds from issuance of common stock, net of offering costs   10,405,000
Net proceeds (payments) on revolving credit facilities 3,515,000 (3,094,000)
Net cash provided by (used in) financing activities 1,838,000 (8,079,000)
NET CHANGE IN CASH (1,000) (1,104,000)
Cash at beginning of period 3,000 1,107,000
Cash at end of period $ 2,000 $ 3,000

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