Cash Flow

v3.8.0.1
Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES    
Net income (loss) $ 1,709 $ (1,173)
Adjustments to reconcile to net income (loss) to net cash    
Depreciation 2,263 2,181
Amortization 2,547 2,547
Share-based compensation 353  
Deferred income tax (benefit) (624)  
Loss on sale of fixed assets 57 24
Amortization of deferred finance cost 212 545
Loss on debt extinguishment 989 2,196
Prepayments and other fees incurred in debt extinguishment (364) (369)
Bad debt expense 14 42
Inventory reserves 544  
Changes in operating assets and liabilities    
Trade receivables (4,687) 578
Net trade receivables/payables from affiliates 102 186
Other long-term assets (13)  
Inventory 3,494 (1,997)
Prepaid income tax (896)  
Prepaid expenses (53) (439)
Trade accounts payable 3,198 (647)
Accrued expenses (1,288) (1,223)
Other long-term liabilities (34) (34)
Net cash provided by operating activities 7,523 2,417
INVESTING ACTIVITIES    
Proceeds on disposal of fixed assets   2
Purchase of property and equipment (548) (325)
Net cash (used in) investing activities (548) (323)
FINANCING ACTIVITIES    
Principal payments on term debt (1,075) (5,500)
Repayment of existing debt (28,924) (32,500)
Borrowings on new term debt 15,000 30,000
Debt issuance costs incurred (366) (1,220)
Shares repurchased for income tax withholding on share-based compensation (25)  
Members equity contribution   5,000
Repayment of existing revolving credit facility   (12,165)
Initial borrowing on new revolving credit facility   16,716
Proceeds from issuance of common stock, net of offering costs 10,405  
Net payments on revolving credit facilities (3,094) (1,318)
Net cash (used in) financing activities (8,079) (987)
NET CHANGE IN CASH (1,104) 1,107
Cash at beginning of period 1,107  
Cash at end of period $ 3 $ 1,107

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