v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ 96,000 $ (806,000)
Less: loss from discontinued operations, net of taxes of $0 (157,000) (131,000)
Income (loss) from continuing operations, net of taxes 253,000 (675,000)
Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities :    
Depreciation and amortization 372,000 1,155,000
Amortization of debt issuance costs 8,000 9,000
Deferred tax expense 22,000 35,000
Provision for (recovery of) bad debt reserves 13,000 (17,000)
Gain on disposal of plant, property, and equipment (8,000)
Issuance of common stock for services 60,000 48,000
Stock-based compensation 46,000 23,000
Changes in operating assets and liabilities of continuing operations    
Accounts receivable 3,165,000 1,983,000
Unbilled receivables 65,000 (1,133,000)
Prepaid expenses, inventories and other assets 348,000 (392,000)
Accounts payable, accrued expenses and unearned revenue (1,729,000) 975,000
Cash provided by continuing operations 2,615,000 2,011,000
Cash used in discontinued operations (181,000) (139,000)
Cash provided by operating activities 2,434,000 1,872,000
Cash flows from investing activities:    
Purchases of property and equipment (248,000) (22,000)
Proceeds from sale of plant, property, and equipment 8,000
Payment to finite risk sinking fund (50,000) (35,000)
Cash used in investing activities of continuing operations (290,000) (57,000)
Cash provided by investing activities of discontinued operations 17,000 17,000
Cash used in investing activities (273,000) (40,000)
Cash flows from financing activities:    
Repayments of revolving credit borrowings (14,033,000) (12,675,000)
Borrowing on revolving credit 14,033,000 11,115,000
Principal repayments of long term debt (304,000) (304,000)
Cash used in financing activities (304,000) (1,864,000)
Effect of exchange rate changes on cash (4,000) 3,000
Increase (decrease) in cash 1,853,000 (29,000)
Cash at beginning of period 1,063,000 163,000
Cash at end of period 2,916,000 134,000
Supplemental disclosure:    
Interest paid 54,000 102,000
Income taxes paid $ 96,000 $ 12,000

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