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Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 4,057 $ 2,521
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Deferred tax expense 116  
Non-cash interest expense 19  
Depreciation and amortization 520 510
Stock-based compensation expense 2,049 517
Bad debt expense 1,257 449
Loss on disposal of property and equipment   1
Change in fair value of warrant liabilities   551
Changes in operating assets and liabilities:    
Accounts receivable (20,054) (16,596)
Prepaid expenses and current other assets 561 (388)
Accounts payable 20,359 3,378
Accrued expenses and other current liabilities 3,256 2,886
Net cash provided by (used in) continuing operations 12,140 (6,171)
Net cash provided by (used in) operating activities 12,140 (6,171)
INVESTING ACTIVITIES    
Purchase of property and equipment, net (693) (125)
Net cash (used in) continuing operations (693) (125)
Net cash provided by discontinued operations   200
Net cash (used in) provided by investing activities (693) 75
FINANCING ACTIVITIES    
Payment of deferred initial public offering costs (791)  
Proceeds from revolving line of credit   41,308
Repayments made against revolving line of credit   (34,977)
Exercise of stock options 597 2
Net cash (used in) provided by continuing operations (194) 6,333
Net cash (used in) provided by financing activities (194) 6,333
Net increase in cash and cash equivalents 11,252 237
Cash and cash equivalents, beginning of year 80,382 127
Cash and cash equivalents, end of year 91,634 364
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest   $ 38
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES    
Additions of property and equipment, net included in accrued expenses $ 68