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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net Income $ 1,137 $ 542
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization - property, plant and equipment 3,971 2,771
Amortization of intangible assets 1,241 137
Gain on sale of assets (32) (53)
Bad debt 365 251
Stock based compensation 7,274 2,707
Deferred taxes   (1,340)
Deferred rent (237) 9
Changes in operating assets and liabilities, net of acquisition of businesses    
Accounts Receivable (10,254) (9,391)
Contract Assets (510) (242)
Prepaid expenses and other assets (5,124) (1,182)
Accounts payable and accrued expenses 5,877 5,764
Contract Liabilities 560 (445)
Net cash provided by (used in) operating activities 4,268 (472)
Cash Flows from Investing Activities:    
Purchases of property and equipment (368) (757)
Fixed assets converted to lease financing 22  
Proceeds from sale of assets 32 53
Amounts advanced under loans to shareholders   (374)
Payments received under loans to shareholders 118 81
Acquisitions of businesses, net of cash acquired (7,950) (640)
Collections under stock subscription notes receivable 47 67
Net cash used in investing activities (8,099) (1,570)
Cash Flows from Financing Activities:    
Proceeds from initial public offering, net of underwriting discounts and commissions and other offering costs   47,104
Proceeds from common stock offering, net of underwriting discounts and commissions and other offering costs 15,475  
Net borrowings under revolving line of credit   (3,481)
Repayments under fixed line of credit (365) (359)
Repayment under notes payable (1,433) (454)
Payments on capital leases (2,921) (2,052)
Payment of contingent consideration from acquisitions   (2)
Payments for purchase of treasury stock (2,368) (582)
Proceeds from issuance of common stock 607 27
Net cash provided by financing activities 8,995 40,201
Net increase (decrease) in cash and cash equivalents 5,164 38,159
Cash and cash equivalents, beginning of period 20,619 386
Cash and cash equivalents, end of period 25,783 38,545
Supplemental disclosures of cash flow information:    
Cash paid for interest 713 435
Cash paid for income taxes 383 480
Non-cash investing and financing activities:    
Property and equipment acquired under capital lease (4,262) (3,048)
Stock redemption for exercise of stock option   $ 139
Issuance of notes payable for acquisitions $ (3,697)