XML 15 R5.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net (loss) income $ (8,270) $ 1,168
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Inventories allowances 48 428
Deferred tax expense 0 184
Depreciation and amortization 696 681
Share-based compensation expense-stock options 136 65
Share-based compensation expense-restricted stock units 241 128
Loss (gain) on investment in securities 1,098 (2,467)
Changes in operating assets and liabilities:    
Trade accounts receivable 1,710 (744)
Inventories (5,568) (3,189)
Prepaid expenses and other current assets 352 12
Other assets (39) 11
ROU asset and lease liability (17) (8)
Accounts payable 3,921 1,197
Accrued compensation and related taxes 682 (154)
Accrued warranty expense 18 (147)
Deferred revenue 206 (47)
Accrued other expenses and other current liabilities (521) 57
Net cash used in operating activities (5,307) (2,825)
Investing activities    
Purchases of property, plant, and equipment (714) (1,541)
Net cash used in investing activities (714) (1,541)
Financing activities    
Proceeds from common stock issuance, net of costs 0 11,559
Cash dividends paid (1,011) (501)
Proceeds from the credit facility and notes payable 2,488 3,543
Repayment of the credit facility and notes payable (132) (1,400)
Net cash provided by (used in) financing activities 1,345 13,201
Net change in cash and cash equivalents (4,676) 8,835
Cash and cash equivalents, beginning of period 10,580 6,826
Cash and cash equivalents, end of period 5,904 15,661
Supplemental disclosure    
Cash paid for interest 43 14
Non-cash financing activity    
Common stock issued under restricted stock units $ 178 $ 84