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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows provided by operating activities:    
Net income $ 2,106 $ 2,974
Adjustments to reconcile net income to net cash provided by operating activities:    
Accrued interest added to principal of related party debt 0 7
Fair value adjustment of contingent consideration 0 (157)
Stock-based compensation expense 147 146
Noncash lease expense 235 0
Depreciation and amortization 152 160
Earnings of equity method investments (1,269) 0
Changes in operating assets and liabilities:    
Accounts receivable (2,369) (439)
Inventory 1,865 (52)
Other assets (47) (73)
Lease liabilities (246) 0
Accounts payable and accrued liabilities 112 1,474
Net cash provided by operating activities 686 4,040
Cash flows used in investing activities:    
Purchase of property and equipment (40) (77)
Investment in equity method investments (365) 0
Cash distributions from equity method investments 188 0
Net cash used in investing activities (217) (77)
Cash flows used in financing activities:    
Proceeds from debt payable to third party 500 0
Repayment of debt payable to third party (1,486) (146)
Payment of contingent consideration 0 (1,000)
Repayment of debt payable to related party 0 (248)
Proceeds from exercise of options to purchase common shares 0 74
Net cash used in financing activities (986) (1,320)
Net decrease (increase) in cash and cash equivalents (517) 2,643
Cash and cash equivalents at beginning of period 4,268 2,109
Cash and cash equivalents at end of period 3,751 4,752
Supplemental cash flow information:    
Cash paid for taxes 94 86
Cash paid for interest 32 68
Noncash change in right-of-use assets 1,220 0
Noncash change in deferred rent (64) 0
Noncash change in lease liabilities $ 1,284 $ 0