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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net income (loss) $ 964 $ (4,549)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 686 709
Amortization 239 238
Non cash amortization of right-of-use asset and liability (187) (236)
Provision for excess and obsolete inventories 265 422
Charge for lower of cost or net realizable value inventories 0 105
Stock based compensation expense 500 694
Gain from disposal of property and equipment (212) (13)
Gain on extinguishment of debt 0 (2,955)
Changes in assets and liabilities:    
Accounts receivable 4,066 (2,203)
Unbilled revenue (359) (1,337)
Income tax receivable/payable 0 1,249
Inventories (3,276) (249)
Prepaid expenses and other assets (273) (384)
Accounts payable 2,213 3,516
Accrued expenses and other liabilities 448 1,148
Deferred revenue 80 42
Net cash provided by (used in) operating activities 5,154 (3,803)
Investing Activities:    
Proceeds from promissory note receivable 0 2,270
Purchases of property and equipment (209) (226)
Disposals of property and equipment 423 18
Net cash provided by investing activities 214 2,062
Financing Activities:    
Payments on bank line of credit (2,050) (750)
Payments on financing lease obligations (719) (398)
Payments on notes payable 0 55
Proceeds from sale of common stock 1,627 21
Proceeds from stock options exercised 64 89
Net cash used in financing activities (1,078) (983)
Net increase (decrease) in cash, cash equivalents and restricted cash 4,290 (2,724)
Cash, cash equivalents and restricted cash at beginning of period 2,418 5,666
Cash, cash equivalents and restricted cash at end of period $ 6,708 $ 2,942