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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows provided by operating activities:    
Net income $ 3,322 $ 3,343
Adjustments to reconcile net income to net cash provided by operating activities:    
Fair value adjustment of contingent consideration 0 (157)
Stock-based compensation expense 210 219
Noncash lease expense 356 0
Depreciation and amortization 226 239
Earnings of equity method investments (1,277) 0
Changes in operating assets and liabilities:    
Accounts receivable (1,322) (336)
Inventory 2,175 56
Other assets (856) (337)
Lease liabilities (374) 0
Accounts payable and accrued liabilities (1,413) 1,345
Net cash provided by operating activities 1,047 4,372
Cash flows used in investing activities:    
Purchase of property and equipment (73) (85)
Investment in equity method investments (566) 0
Cash distributions from equity method investments 271 0
Net cash used in investing activities (368) (85)
Cash flows used in financing activities:    
Proceeds from debt payable to third party 500 0
Repayment of debt payable to third party (1,546) (235)
Payment of contingent consideration 0 (2,617)
Repayment of debt payable to related party 0 (390)
Proceeds from exercise of options to purchase common shares 0 74
Net cash used in financing activities (1,046) (3,168)
Net (decrease) increase in cash and cash equivalents (367) 1,119
Cash and cash equivalents at beginning of period 4,268 2,109
Cash and cash equivalents at end of period 3,901 3,228
Supplemental cash flow information:    
Cash paid for taxes 248 86
Cash paid for interest 47 92
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