Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net (loss) income	$ (7,511,000)	$ 63,000
Less: loss from discontinued operations, net of taxes (Note 10)	(268,000)	(139,000)
(Loss) income from continuing operations, net of taxes	(7,243,000)	202,000
Adjustments to reconcile (loss) income from continuing operations to cash (used in) provided by operating activities:
Depreciation and amortization	862,000	1,439,000
Amortization of debt issuance costs	29,000	43,000
Deferred tax (benefit) expense	(2,117,000)	228,000
(Recovery of) provision for credit losses on accounts receivable	(12,000)	24,000
Loss on disposal of property and equipment	1,000
Issuance of common stock for services	238,000	237,000
Stock-based compensation	284,000	243,000
Changes in operating assets and liabilities of continuing operations
Accounts receivable	3,311,000	(2,590,000)
Unbilled receivables	1,356,000	(1,059,000)
Prepaid expenses, inventories and other assets	1,168,000	3,160,000
Accounts payable, accrued expenses and unearned revenue	(3,949,000)	2,835,000
Cash (used in) provided by continuing operations	(6,072,000)	4,762,000
Cash used in discontinued operations	(245,000)	(336,000)
Cash (used in) provided by operating activities	(6,317,000)	4,426,000
Cash flows from investing activities:
Purchases of property and equipment, net of financed amount	(841,000)	(1,047,000)
Proceeds from sale of property and equipment	1,000
Cash used in continuing operations	(840,000)	(1,047,000)
Cash used in discontinued operations	(49,000)
Cash used in investing activities	(889,000)	(1,047,000)
Cash flows from financing activities:
Repayments of revolving credit borrowings	(56,393,000)	(44,130,000)
Borrowing on revolving credit	56,393,000	44,130,000
Proceeds from issuance of Common Stock upon exercise of options/warrant	218,000	101,000
Proceeds from sale of Common Stock, net of offering costs paid (Note 14)	18,636,000
Principal repayments of finance lease liabilities	(146,000)	(81,000)
Principal repayments of long term debt	(520,000)	(273,000)
Payment of debt issuance costs	(61,000)	(37,000)
Cash provided by (used in) financing activities of continuing operations	18,127,000	(290,000)
Effect of exchange rate changes on cash	(1,000)	5,000
Increase in cash and finite risk sinking fund (restricted cash)	10,920,000	3,094,000
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	30,494,000	16,530,000
Supplemental disclosure:
Interest paid	227,000	103,000
Income taxes paid	50,000
Non-cash financing activities:
Equipment purchase subject to finance	$ 44,000	$ 157,000