Cash Flow

v3.10.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net income $ 12 $ 1,984
Adjustments to reconcile to net income to net cash provided by operating activities:    
Depreciation 1,129 1,161
Amortization 1,273 1,273
Share-based compensation 251 135
Deferred income tax (benefit)   (926)
Loss on sale of fixed assets 1 46
Amortization of deferred finance cost 71 112
Loss on debt extinguishment   83
Bad debt expense 23 1
Changes in operating assets and liabilities    
Trade receivables 3,177 (4,197)
Net trade receivables/payables from affiliates (231) 527
Inventory (4,089) 6,008
Prepaid income tax (17)  
Prepaid expenses (69) (287)
Trade accounts payable (90) 891
Accrued expenses (967) (1,431)
Tax payable   297
Other long-term liabilities (40) 271
Net cash provided by operating activities 434 5,948
INVESTING ACTIVITIES    
Decrease in restricted cash   535
Purchase of property and equipment (501) (182)
Net cash (used in) provided by investing activities (501) 353
FINANCING ACTIVITIES    
Principal payments on long-term debt (1,001) (1,288)
Proceeds from long-term note 425  
Debt issuance costs incurred   (9)
Proceeds from issuance of common stock, net of offering costs   10,405
Net payments on debt   (10,405)
Shares repurchased for income tax withholding on share-based compensation (76)  
Net borrowings (payments) on revolving credit facilities 720 (5,571)
Net cash provided by (used in) financing activities 68 (6,868)
NET CHANGE IN CASH 1 (567)
Cash at beginning of period 3 572
Cash at end of period $ 4 $ 5

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