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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ (789) $ 195
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 79 25
(Gain)/loss on disposal of property and equipment (176) 3
Deferred income taxes (344)
Accrued interest (68) (25)
Changes in operating assets and liabilities:    
Trade receivables 159 (548)
Prepaid expenses and other current assets 27 (68)
Accounts payable (151) 250
Accrued payroll (217) 238
Accrued expenses (142) (62)
Deferred revenue (166) 112
Other liabilities (101) 72
Income taxes payable/tax paid (525) 153
Net cash provided by operating activities (2,070) 1
Cash flows from investing activities:    
Cash from merger 2
Purchase of fixed assets (50) (41)
Net cash used in investing activities (50) (39)
Cash flows from financing activities:    
Net borrowing/(repayment) of line-of-credit+ (2,509) 916
Proceeds from issuing short-term debt 850
Net borrowing/(payment) of long-term debt 5,216 (794)
Advances to related parties 61 (688)
Repayment of long-term debt (853)
Net cash provided by financing activities 1,915 284
Net increase (decrease) in cash and cash equivalents (205) 246
Cash and cash equivalents, beginning of year 275 29
Cash and cash equivalents, end of year 70 275
Supplemental disclosures of cash flow information:    
Cash paid during the year for: Interest 275 364
Cash paid during the year for: Income taxes 301 389
Supplemental disclosures of non-cash investing and financing activities:    
Net tangible assets acquired in acquisition of IQS 623
Net intangible assets acquired in acquisition of IQS 758
Liabilities assumed during acquisition of IQS 735
Reduction in notes receivable from related parties for acquisition of IQS 646
ASC 842 leases added to property, plant and equipment 30
Leases placed in other current liabilities 30
Non-cash impact of recapitalization from merger    
Liabilities assumed in merger 7
Conversion of shareholder loan to equity in merger 162
VIE net asset consolidated (unconsolidated) (1,790) 1,631
VIE liabilities consolidated (unconsolidated) (1,790) 1,790
VIE reduction in equity $ 160