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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from Operating Activities:    
Net income (loss) $ (7,168) $ 5,785
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 755 1,621
Bad debt expense 9  
Bad debt recovery   (2)
Amortization of debt discount 269 106
Non-cash interest expense 0 213
Gain on extinguishment of debt (165) (9,045)
Stock-based compensation 365 458
Impairment charges on property & equipment 138 238
Impairment charges on goodwill 4,955 1,475
Deferred tax benefit 0 (230)
Changes in assets and liabilities:    
Accounts receivable (160) 421
Prepaid expenses and other current assets 168 263
Other assets (7) 2
Accounts payable (115) 262
Accrued expenses and other liabilities (199) 42
Net cash provided by (used in) operating activities (1,155) 1,609
Cash flows from Investing Activities:    
Purchases of property and equipment (335) (133)
Net cash used in investing activities (335) (133)
Cash flows from Financing Activities:    
Principal payments under borrowing arrangements (1,832) (605)
Proceeds from new loan agreements 0 2,200
Payment of equity issuance costs 0 (45)
Payment of debt issuance costs 0 (175)
Purchase of treasury stock (144) (2,325)
Net cash provided by (used in) financing activities (449) 1,330
Increase (decrease) in cash and cash equivalents (1,939) 2,806
Cash at beginning of period 3,946 1,140
Cash at end of period 2,007 3,946
Supplement disclosures of cash flow information:    
Cash paid during the period for interest 318 878
Non-cash investing and financing activities:    
Conversion of preferred stock to common stock 0 1
Retired debt and accrued interest obligations in exchange for treasury stock 0 2,192
Accrued preferred stock dividends 12 12
Series B Preferred Stock    
Cash flows from Financing Activities:    
Payment of equity issuance costs   (520)
Proceeds from preferred stock, net of expenses 0 2,280
Series C Preferred Stock    
Cash flows from Financing Activities:    
Payment of equity issuance costs (223)  
Proceeds from preferred stock, net of expenses $ 1,527 $ 0