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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]  
Schedule of denominator used to compute basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

For the Year Ended

 

 

 

December 31,

 

 

 

2016

    

2015

    

2014

 

Basic earnings per share - weighted average shares

 

11,503,296

 

10,977,341

 

10,591,351

 

Effect of dilutive securities:

 

 

 

 

 

 

 

Employee and director restricted stock units

 

52,701

 

83,727

 

143,787

 

Warrants

 

 —

 

325,235

 

572,913

 

Diluted earnings per share - weighted average shares

 

11,555,997

 

11,386,303

 

11,308,051

 

 

Accounting Standards Update 2016-15  
New Accounting Pronouncements or Change in Accounting Principle [Line Items]  
Schedule of new accounting standards

This resulted in the following increases (decreases) to the total amounts previously reported in the consolidated statements of cash flows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended

 

 

 

 

December 31,

 

 

    

 

2015

    

2014

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets

 

 

$

 —

 

$

400

 

Advance billings and customer deposits

 

 

 

3,500

 

 

 —

 

Other

 

 

 

175

 

 

(313)

 

Net cash provided by operating activities

 

 

 

3,675

 

 

87

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

 

Funds released from restricted cash account

 

 

 

(400)

 

 

 —

 

Proceeds on sale of investments

 

 

 

 —

 

 

463

 

Net cash used in investing activities

 

 

 

(400)

 

 

463

 

 

 

 

 

 

 

 

 

 

Net change in cash, cash equivalents and restricted cash

 

 

 

3,275

 

 

550

 

Cash, cash equivalents and restricted cash, beginning of period

 

 

 

550

 

 

 —

 

Cash, cash equivalents and restricted cash, end of period

 

 

$

3,825

 

$

550

 

 

Accounting Standards Update 2016-18  
New Accounting Pronouncements or Change in Accounting Principle [Line Items]  
Schedule of new accounting standards

The following is a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets to the total of such amounts in the consolidated statements of cash flows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

 

2016

    

2015

 

Cash and cash equivalents

 

 

$

15,821

 

$

30,312

 

Restricted cash included in other current assets

 

 

 

 

 

 

 

 

Escrow deposits for capacity sales

 

 

 

5,000

 

 

 —

 

Restricted cash included in other assets

 

 

 

 

 

 

 

 

Escrow deposits for capacity sales

 

 

 

 —

 

 

3,500

 

Other

 

 

 

325

 

 

325

 

Total cash, cash equivalents and restricted cash

 

 

$

21,146

 

$

34,137