Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net loss	$ (3,560,000)	$ (411,000)
Less: loss from discontinued operations, net of taxes (Note 10)	(102,000)	(93,000)
Loss from continuing operations, net of taxes	(3,458,000)	(318,000)
Adjustments to reconcile loss from continuing operations to cash (used in) provided by operating activities :
Depreciation and amortization	431,000	747,000
Amortization of debt issuance costs	12,000	20,000
Deferred tax benefit	(956,000)	(204,000)
Recovery of credit losses on accounts receivable	(11,000)	(6,000)
Issuance of common stock for services	118,000	118,000
Stock-based compensation	152,000	118,000
Changes in operating assets and liabilities of continuing operations:
Accounts receivable	1,032,000	(1,511,000)
Unbilled receivables	(365,000)	(639,000)
Prepaid expenses, inventories and other assets	334,000	1,876,000
Accounts payable, accrued expenses and unearned revenue	(1,721,000)	1,561,000
Cash (used in) provided by continuing operations	(4,432,000)	1,762,000
Cash used in discontinued operations	(159,000)	(198,000)
Cash (used in) provided by operating activities	(4,591,000)	1,564,000
Cash flows from investing activities:
Purchases of property and equipment (net of financed amount)	(244,000)	(748,000)
Cash used in investing activities of continuing operations	(244,000)	(748,000)
Cash flows from financing activities:
Repayments of revolving credit borrowings	(18,314,000)	(20,257,000)
Borrowing on revolving credit	18,314,000	20,257,000
Proceeds from issuance of Common Stock upon exercise of options/warrant	209,000	7,000
Principal repayments of finance lease liabilities	(75,000)	(41,000)
Principal repayments of long term debt	(259,000)	(137,000)
Payment of debt issuance costs		(33,000)
Cash used in financing activities	(125,000)	(204,000)
Effect of exchange rate changes on cash	(18,000)
(Decrease) increase in cash and finite risk sinking fund (restricted cash)	(4,978,000)	612,000
Cash and finite risk sinking fund (restricted cash) at beginning of period	19,574,000	13,436,000
Cash and finite risk sinking fund (restricted cash) at end of period	14,596,000	14,048,000
Supplemental disclosure:
Interest paid	117,000	55,000
Income taxes paid
Non-cash investing and financing activities:
Equipment purchase subject to finance lease		50,000
Equipment purchase subject to finance	$ 44,000