v3.19.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net (loss) income $ (960) $ 12
Adjustments to reconcile to net income to net cash provided by operating activities:    
Depreciation 1,174 1,129
Amortization 1,273 1,273
Share-based compensation 265 251
Loss on sale of fixed assets 36 1
Amortization of deferred finance cost 89 71
Bad debt expense (5) 23
Changes in operating assets and liabilities    
Accounts receivable 2,873 3,177
Net accounts receivable/payable from affiliates (498) (231)
Income tax receivable 840  
Inventory 744 (4,089)
Prepaid income tax (22) (17)
Prepaid expenses (153) (69)
Operating lease asset and liabilities 60  
Trade accounts payable (5,482) (90)
Accrued expenses 72 (967)
Other long-term liabilities (80) (40)
Net cash provided by operating activities 226 434
INVESTING ACTIVITIES    
Purchase of property and equipment (336) (501)
Net cash used in investing activities (336) (501)
FINANCING ACTIVITIES    
Principal payments on term debt (1,984) (1,001)
Proceeds from long-term note   425
Debt issuance costs incurred (180)  
Shares repurchased for income tax withholding on share-based compensation (9) (76)
Net borrowings on revolving credit facilities 2,289 720
Net cash provided by financing activities 116 68
NET CHANGE IN CASH 6 1
Cash at beginning of period 2 3
Cash at end of period $ 8 $ 4

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