XML 36 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 5,786 $ 360
Adjustments to reconcile net income to cash (used) provided by operating activities:    
Depreciation and amortization 1,622 626
Allowance for doubtful accounts 48 48
Value of share-based payment arrangements 162 29
Amortization of deferred finance costs 69 81
Utilization of deferred tax asset 3,422 193
Changes in assets and liabilities (net of acquisition):    
Trade accounts receivable (5,694) (5,378)
Inventories (10,497) 6,314
Income taxes receivable 0 2,709
Prepaid and other assets (4,521) (4,355)
Accounts payable and accrued expenses 4,104 4,027
Cash (used) provided by operating activities (5,499) 4,654
Cash flows from investing activities:    
Asset acquisitions (2,424) 0
Additions to patents (7) (10)
Additions to property, plant, and equipment (647) (534)
Investment in affiliates 0 63
Cash used by investing activities (3,078) (481)
Cash flows from financing activities:    
Proceeds from issuance of common stock 384 15,639
Proceeds from (repayments of) short-term debt - net 8,580 (15,080)
Proceeds from long-term debt 292 0
Repayment of long-term debt (243) (4,228)
Payment of deferred acquisition cost (331) 0
Cash provided (used) by financing activities 8,682 (3,669)
Increase in cash and cash equivalents 105 504
Cash and cash equivalents at beginning of period 935 669
Cash and cash equivalents at end of period 1,040 1,173
Supplemental Disclosure of Cash Flow Information:    
Cash paid during period for interest 531 413
Non cash investing activity:    
Deferred acquisition cost $ 2,669 $ 0