XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income $ 5,237 $ 4,966
Adjustments to reconcile net income to net cash flows from operating activities    
Depreciation 19 21
Accretion of debt discount and loan costs 86 65
Amortization of intangible assets 1,735 1,781
Provision for inventory obsolescence 369 405
Stock-based compensation expense 1,490 1,520
Changes in assets and liabilities:    
Accounts receivable (144) (6,324)
Inventories 106 (4,096)
Prepaid expenses and other assets 602 1,169
Accounts payable and accrued liabilities 1,597 6,920
Taxes payable 0 (40)
Net cash flows provided by operating activities 11,097 6,387
Investing activities:    
Purchase of equipment (296) 0
Net cash flows used in investing activities (296) 0
Financing activities:    
Proceeds from exercise of stock options 198 338
Payment on share repurchase (6,147) 0
Net cash flows (used in) provided by financing activities (5,949) 338
Net change in cash and cash equivalents 4,852 6,725
Cash and cash equivalents at beginning of period 111,584 63,888
Cash and cash equivalents at end of period 116,436 70,613
Cash paid for interest $ 1,900 $ 1,442