XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss $ (1,043,000) $ (523,000)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 148,000 160,000
Amortization of right of use assets 79,000 90,000
Amortization of deferred financing fees and debt discount 22,000 63,000
Loss on disposal of assets 5,000
Gain on extinguishment of debt (52,000)
(Gain) loss on foreign currency remeasurement (202,000) 57,000
Bad debt expense (benefit) 95,000 (51,000)
Changes in operating assets and liabilities:    
Accounts receivable, net 366,000 (106,000)
Inventories (78,000) 139,000
Prepaids and other assets (43,000) (102,000)
Accounts payable 375,000 (531,000)
Accrued liabilities (280,000) 441,000
Operating lease liabilities (78,000) (88,000)
Customer deposits 1,000 (186,000)
Deferred pension liability and other (121,000) (114,000)
Net cash used in operating activities (754,000) (803,000)
Cash flows from investing activities    
Equipment manufactured for rental (7,000)
Purchases of property, plant and equipment (172,000) (2,000)
Net cash used in investing activities (179,000) (2,000)
Cash flows from financing activities    
Proceeds from long-term debt 977,000
Proceeds from warrant exercise, net of costs 2,000,000
Payments of long-term debt (1,489,000)
Payments for fees on extinguishment of debt 3,000
Net cash provided by financing activities 977,000 514,000
Effect of exchange rate changes 1,000 (1,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 45,000 (292,000)
Cash, cash equivalents and restricted cash at beginning of year 1,385,000 1,623,000
Cash, cash equivalents and restricted cash at end of period 1,430,000 1,331,000
Supplemental disclosure of cash flow information:    
Interest paid 53,000 130,000
Income taxes paid 15,000 22,000
Supplemental non-cash financing activities:    
Preferred Stock Series B converted to Common Stock 3,172,000
Current assets    
Cash and cash equivalents 580,000 431,000
Long-term assets    
Restricted cash 850,000 900,000
Cash, cash equivalents and restricted cash at end of period $ 1,430,000 $ 1,331,000