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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS PROVIDED/(USED) BY OPERATING ACTIVITIES    
Net income $ 8,837 $ 1,303
Adjustments to reconcile net loss to net cash provided/(used) by operating activities:    
Depreciation and amortization 751 1,065
Extinguishment of PPP loan (2,045)
Loss on extinguishment of term debt 792
Gain on sale of Microlab (16,403)
Amortization of debt issuance fees 55 150
Share-based compensation expense 650 203
Deferred rent (15) (15)
Deferred income taxes 2,677 320
Provision for doubtful accounts (16) 71
Inventory reserves 28 85
Changes in assets and liabilities, net of divestiture:    
Accounts receivable (1,581) (1,079)
Inventories (457) (645)
Prepaid expenses and other assets (57) 319
Accounts payable 304 585
Deferred revenue (257)
Accrued expenses and other liabilities (842) 77
Net cash provided/(used) by operating activities (5,534) 394
CASH FLOWS PROVIDED/(USED) BY INVESTING ACTIVITIES    
Capital expenditures (326) (313)
Deferred purchase price payment (250) (200)
Divestiture of Microlab, net 22,753
Net cash provided/(used) by investing activities 22,177 (513)
CASH FLOWS USED BY FINANCING ACTIVITIES    
Term loan repayments (4,432) (470)
Acquisition of treasury stock (2,525)
Payment of contingent consideration (658) (105)
Proceeds from exercise of stock options 24
Shares withheld for employee taxes (19) (17)
Net cash used by financing activities (7,610) (592)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (167) 14
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 8,866 (697)
Cash and Cash Equivalents, at Beginning of Period 4,472 4,910
CASH AND CASH EQUIVALENTS, AT END OF PERIOD 13,338 4,213
SUPPLEMENTAL INFORMATION:    
Cash paid during the period for interest 122 204
Cash paid during the period for income taxes $ 597 $ 110