XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flow from operating activities:    
Net loss $ (1,577,000) $ (2,959,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Equity-based compensation 1,320,000 1,118,000
Depreciation 1,046,000 1,078,000
Noncash lease expense 201,000  
Loss on disposal of fixed asset 11,000 55,000
Amortization of premium of marketable securities 44,000 160,000
Provision for bad debt   230,000
Deferred taxes   (535,000)
Equity loss in investee 428,000 491,000
Other 38,000 38,000
Changes in operating assets and liabilities:    
Accounts receivable 368,000 (990,000)
Other current and long-term assets 183,000 22,000
Accounts payable (124,000) (1,344,000)
Accrued liabilities (20,000) 1,288,000
Operating lease liabilities (188,000)  
Net cash provided by (used in) operations 1,730,000 (1,348,000)
Cash flow from investing activities:    
Purchases of fixed assets (633,000) (1,152,000)
Purchase of marketable securities (10,178,000) (11,470,000)
Maturities of marketable securities 11,500,000 11,656,000
Purchase of equipment contributed to Equity Method Investee   (510,000)
Net cash (used in) provided by investing activities 689,000 (1,476,000)
Cash flow from financing activities:    
Proceeds from exercise of stock options 9,000 9,000
Net cash provided by financing activities 9,000 9,000
Effect of exchange rate changes on cash and cash equivalents 1,000 (21,000)
Net decrease in cash 2,429,000 (2,836,000)
Cash balance at beginning of period 6,736,000 6,490,000
Cash balance at end of period 9,165,000 3,654,000
Supplemental disclosures of cash flow information:    
Income taxes paid 20,000 1,000
Supplemental disclosures of non-cash investing and financing activities:    
Fixed assets included in accounts payable $ 5,000 $ 1,011,000