v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 863 $ (4,314)
Less: loss from discontinued operations, net of taxes of $0 (495) (436)
Income (loss) from continuing operations, net of taxes 1,358 (3,878)
Adjustments to reconcile income (loss) from continuing operations to cash provided by (used in) operating activities:    
Depreciation and amortization 1,095 3,394
Amortization of debt issuance costs 27 27
Deferred tax (benefit) expense (1,344) 105
Provision for bad debt reserves 22 85
Gain on disposal of property and equipment (34) (1)
Gain on exchange offer of Series B Preferred Stock of subsidiary (Note 13) (1,659)
Impairment loss on tangible assets 672
Issuance of common stock for services 191 161
Stock-based compensation 143 96
Changes in operating assets and liabilities of continuing operations    
Accounts receivable (382) 41
Unbilled receivables 1,342 (1,554)
Prepaid expenses, inventories and other assets 1,272 293
Accounts payable, accrued expenses and unearned revenue (983) 914
Cash provided by continuing operations 1,048 355
Cash used in discontinued operations (468) (464)
Cash provided by (used in) operating activities 580 (109)
Cash flows from investing activities:    
Purchases of property and equipment (1,102) (200)
Proceeds from sale of property and equipment 34 7
Cash used in investing activities of continuing operations (1,068) (193)
Cash provided by investing activities of discontinued operations 54 52
Cash used in investing activities (1,014) (141)
Cash flows from financing activities:    
Repayments of revolving credit borrowings (40,906) (34,979)
Borrowing on revolving credit 42,189 31,176
Proceeds from issuance of common stock upon exercise of options 36
Principal repayments of long term debt (935) (914)
Cash provided by (used in) financing activities of continuing operations 384 (4,717)
Effect of exchange rate changes on cash (8) 14
Decrease in cash and finite risk sinking fund (restricted cash) (Note 2) (58) (4,953)
Cash and finite risk sinking fund (restricted cash) at beginning of period (Note 2) 16,739 21,650
Cash and finite risk sinking fund (restricted cash) at end of period (Note 2) 16,681 16,697
Supplemental disclosure:    
Interest paid 173 252
Income taxes paid 160 17
Equipment purchase subject to capital lease $ 213

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