XML 23 R6.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income (loss) $ (6,820) $ (15,229) $ (38,816)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 3,624 6,454 8,544
Goodwill impairment 0 0 5,133
Intangible asset impairment 0 0 9,014
Provision for bad debt 291 293 241
Provision for customer credits 83 250 217
Share-based compensation 1,984 2,402 4,866
Right-of-use assets 1,426 1,697 0
Lease liabilities (1,248) (1,706) 0
Write-down of assets 0 59 0
Loss on disposal of asset 6 0 0
Long-lived asset impairment 0 0 1,968
(Gain)/loss on investment 0 (250) (25)
Change in deferred tax assets 0 0 692
Changes in assets and liabilities:      
Accounts receivable 9,722 2,304 (1,445)
Prepaid expenses and other current assets 418 (20) 814
Other non-current assets 19 (145) (278)
Accounts payable (7,279) (3,753) 5,076
Accrued expenses and other current liabilities (325) (1,773) 1,079
Net cash provided by (used in) operating activities 1,901 (9,417) (2,920)
Cash flows from investing activities:      
Purchases of property and equipment (596) (1,640) (896)
Proceeds from sale of investment 0 250 125
Net cash used in investing activities (596) (1,390) (771)
Cash flows from financing activities:      
Borrowings under PNC credit facility 28,564 73,968 0
Principal payments on PNC credit facility (32,308) (70,223) 0
Borrowings under CNC credit facility 71,072 0 0
Principal payments on CNC credit facility (60,887) 0 0
Principal payments on MUFG Union Bank credit facility 0 0 (8,000)
Borrowings under the PPP loan 1,384 0 0
Proceeds from issuance of common stock 0 0 200
Payments on convertible note 0 (1,000) 0
Payments under financing agreement (44) 0 0
Net proceeds from stock option exercises 75 408 98
Net cash (used in) provided by financing activities 7,856 3,153 (7,702)
Net decrease in cash and cash equivalents 9,161 (7,654) (11,393)
Cash and cash equivalents and restricted cash, beginning of period 5,946 13,600 38,512
Cash and cash equivalents and restricted cash, end of period 15,107 5,946 13,600
Reconciliation of cash and cash equivalents and restricted cash      
Cash and cash equivalents, beginning of period 892 13,600 24,993
Restricted cash at beginning of period 5,054 0 0
Cash and cash equivalents and restricted cash, beginning of period 5,946 13,600 38,512
Cash and cash equivalents, end of period 10,803 892 13,600
Restricted cash at end of period 4,304 5,054 0
Cash and cash equivalents and restricted cash, end of period 15,107 5,946 13,600
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 1 12 4
Cash refunds for income taxes 849 128 223
Cash paid for interest 845 176 118
Supplemental schedule of non-cash investing and financing activities:      
Right-of-use assets obtained in exchange for operating lease liabilities 1,790 0  
Financing for the purchase of fixed assets 170 0 0
Purchases on account related to capitalized software $ 99 $ 0 $ 0