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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS PROVIDED/(USED) BY OPERATING ACTIVITIES    
Net income $ 6,658 $ 1,116
Adjustments to reconcile net loss to net cash provided/(used) by operating activities:    
Depreciation and amortization 1,081 1,604
Extinguishment of PPP loan (2,045)
Loss on extinguishment of term debt 792
Gain on sale of Microlab (16,490)
Amortization of debt issuance fees 55 217
Share-based compensation expense 950 302
Deferred rent (22) (22)
Deferred income taxes 3,169 (387)
Provision for doubtful accounts (13) 72
Inventory reserves 35 115
Changes in assets and liabilities, net of divestiture:    
Accounts receivable (2,052) (1,998)
Inventories (960) (993)
Prepaid expenses and other assets (88) 459
`Accounts payable 506 728
Deferred revenue (285) (225)
Accrued expenses and other liabilities (1,034) 1,592
Net cash provided/(used) by operating activities (7,698) 535
CASH FLOWS PROVIDED/(USED) BY INVESTING ACTIVITIES    
Capital expenditures (582) (417)
Deferred purchase price payment (250) (200)
Divestiture of Microlab, net 22,969
Net cash provided/(used) by investing activities 22,137 (617)
CASH FLOWS USED BY FINANCING ACTIVITIES    
Revolver borrowings/(repayments), net 45
Term loan borrowings 345
Term loan repayments (4,422) (4,191)
Acquisition of treasury stock (2,525)
Payment of contingent consideration (1,097) (460)
Proceeds from exercise of stock options 137 209
Shares withheld for employee taxes (26) (44)
ATM share sold 565
Net cash used by financing activities (7,933) (3,531)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (252) (14)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 6,254 (3,627)
Cash and Cash Equivalents, at Beginning of Period 4,472 4,910
CASH AND CASH EQUIVALENTS, AT END OF PERIOD 10,726 1,283
SUPPLEMENTAL INFORMATION:    
Cash paid during the period for interest 122 698
Cash paid during the period for income taxes $ 957 $ 150