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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities:    
Net income $ 4,169 $ 1,437
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 136 96
Stock-based compensation 24 16
Penalties on dividends 6 34
Extinguishment of U.K. cumulative translation adjustment 65
Changes in operating assets and liabilities:    
Accounts receivable (737) (155)
Inventories 15
Prepaid expenses and other assets (45) (120)
Operating lease, right-of-use asset 364
Accounts payable and accrued expenses (621) 191
Deferred revenue (361) 213
Net cash provided by operating activities 2,935 1,792
Investing Activities:    
Purchases of property and equipment (183) (173)
Financing Activities:    
Borrowings on loan from officer 150
Payments on loan from officer (1,815) (1,200)
Proceeds from stock options exercised 236 111
Payments of dividends (667)
Reduction of finance lease liability (47) (51)
Net cash used in financing activities (2,293) (990)
Net increase in cash and cash equivalents 459 629
Cash and cash equivalents at beginning of period 1,652 224
Cash and cash equivalents at end of period 2,111 853
SUPPLEMENTAL DISCLOSURE OF NON CASH OPERATING AND FINANCING ACTIVITIES:    
Preferred stock dividends accrued 103 104
Purchase of leased equipment per right-of-use finance lease 89
Initial recognition of operating lease, right-of-use asset $ 1,771