XML 22 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
Operating Activities:    
Net income (loss) $ (6,518) $ 4,465
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 231 184
Noncash lease costs 294 232
Stock-based compensation 322 47
Loss on abandoned real estate operating lease 1,092 0
Penalties and waived penalties on dividends 0 6
Changes in operating assets and liabilities:    
Accounts receivable 333 401
Prepaid expenses and other assets (258) (61)
Accounts payable and accrued expenses (334) (496)
Deferred revenue (339) (488)
Net cash provided by (used in) operating activities (5,177) 4,290
Investing Activities:    
Purchases of property and equipment (320) (260)
Net cash used for investing activities (320) (260)
Financing Activities:    
Payments on loan from officer 0 (1,815)
Proceeds from PPP loan payable 629 0
Payments of dividends (99) (714)
Principal payments on financing lease equipment (43) (58)
Proceeds from public stock offering 18,171 0
Proceeds from stock options exercised 209 239
Net cash provided by (used in) financing activities 18,867 (2,348)
Net increase in cash and cash equivalents 13,370 1,682
Cash and cash equivalents at beginning of period 3,334 1,652
Cash and cash equivalents at end of period 16,704 3,334
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid on leased assets 2 4
Interest paid on loan from officer 0 513
Income taxes paid 0 0
SUPPLEMENTAL DISCLOSURE OF NON CASH FINANCING ACTIVITIES:    
Preferred stock dividends accrued 79 139
Conversion of preferred stock to common $ 1,843 $ 0