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CONSOLIDATED STATEMENTS OF CASH FLOWS
€ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,858 $ 2,638
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain from sale of assets (5) (6)
Gain on bargain purchase of Hotel Columbus (149)  
Depreciation and amortization 1,863 1,630
Stock options expense 78 59
Deferred board fees 71 36
Deferred income tax benefit (266) (161)
Changes in operating assets and liabilities:    
Prepaid expenses (143) (36)
Other current assets (66) (247)
Deposits and other assets (431) (365)
Accounts payable (191) 549
Czech gaming tax accrual 577 102
Foreign income tax accrual 908 (579)
Accrued expense and other liabilities 1,137 1,078
NET CASH PROVIDED BY OPERATING ACTIVITIES 7,241 4,698
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (944) (644)
Investment into Ceska expansion and renovation   (222)
Acquisition of Hotel Columbus   (7,561)
Cash payment to seller for acquisition of Hotel Freizeit Auefeld (275)  
Proceeds from sale of assets 5 14
NET CASH USED IN INVESTING ACTIVITIES (1,214) (8,413)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Sparkasse Seligenstadt Loan   4,813
Principal payments on Hotel Freizeit Auefeld's seller loans (135) (269)
Principle payments on Sparkasse Hann. Mnden loans (84)  
Principal payments on Sparkasse Seligenstadt loan (212)  
Capital leases repayment (29)  
Share buyback under the Stock Repurchase Program   (10)
Proceeds from exercise of options   1
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (460) 4,535
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (1,482) (515)
NET INCREASE IN CASH AND CASH EQUIVALENTS 4,085 305
CASH AND CASH EQUIVALENTS:    
Beginning of year 6,589 6,284
End of year 10,674 6,589
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 206 50
Cash paid during the period for foreign income taxes 737 1,094
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Deferred compensation to be paid in common stock 350 $ 224
Assumption of Sparkasse Hann. Munden loans for Hotel Freizeit Auefeld 2,220  
Seller loan received in connection with acquisition of Hotel Freizeit Auefeld 2,455  
Purchase price of Hotel Freizeit Auefeld $ 4,950