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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows provided by operating activities:    
Net income $ 3,341 $ 3,322
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred issuance costs and fees 60 0
Earnings of equity method investments (293) (1,277)
Noncash lease expense 388 356
Depreciation and amortization 272 226
Deferred taxes (1,092) 0
Stock-based compensation expense 258 210
Changes in operating assets and liabilities:    
Accounts receivable (97) (1,322)
Inventory (704) 2,175
Other assets (367) (856)
Lease liabilities (378) (374)
Accounts payable and accrued liabilities 1,353 (1,413)
Other liabilities 65 0
Net cash provided by operating activities 2,806 1,047
Cash flows provided by (used in) investing activities:    
Purchase of property and equipment (6) (73)
Investment in equity method investments (1,197) (566)
Cash distributions from equity method investments 314 271
Investment in notes receivable (4,490) 0
Payments received on notes receivable 1,002 0
Cash received on transfer of notes receivable to partners 4,997 0
Net cash provided by (used in) investing activities 620 (368)
Cash flows used in financing activities:    
Proceeds from issuance of common stock from stock option awards 46 0
Payments of tax withholdings related to cashless exercises of stock option awards (105) 0
Proceeds from debt payable to third party 5,625 500
Repayment of debt payable to third party (5,925) (1,546)
Net cash used in financing activities (359) (1,046)
Net increase (decrease) in cash and cash equivalents 3,067 (367)
Cash and cash equivalents at beginning of period 2,728 4,268
Cash and cash equivalents at end of period 5,795 3,901
Supplemental cash flow information:    
Cash paid for taxes 139 248
Cash paid for interest 41 47
Issuance of common stock for services rendered $ 570 $ 0