XML 15 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income (loss) $ 833,000 $ (648,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Bad debt expense 0 25,000
Depreciation and amortization 1,042,000 1,135,000
Share-based compensation expense 23,000 59,000
Gain on sale of assets 0 (28,000)
Gain from insurance proceeds (487,000) 0
Amortization of loan fees included in interest expense 71,000.0 64,000
Change in assets and liabilities    
Receivables (2,042,000) (1,610,000)
Receivables from related parties 44,000 105,000
Inventories (2,883,000) (694,000)
Income tax receivable/payable 8,000 10,000
Other assets (188,000) (154,000)
Accounts payable 1,638,000 (42,000)
Payables and accrued expenses to related parties (167,000) (240,000)
Other current liabilities (224,000) (13,000)
Net cash used in operating activities (2,332,000) (2,031,000)
Cash flows from investing activities    
Proceeds from insurance claim, net 487,000 0
Proceeds from sale of property and equipment 0 28,000
Purchases of property and equipment (104,000) (75,000)
Net cash from (used in) investing activities 383,000 (47,000)
Cash flows from financing activities    
Loan fees capitalized (109,100) (125,000)
Change in checks in excess of bank 194,000 (65,000)
Payments on related party debt (32,000) 0
Payments on capital lease obligations (148,000) (63,000)
Proceeds from revolving line of credit, net 1,894,000 2,705,000
Net cash from financing activities 1,799,000 2,452,000
Net change in cash and cash equivalents (150,000) 374,000
Cash and cash equivalents at beginning of period 841,000 526,000
Cash and cash equivalents at end of period 691,000 900,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 435,000 296,000
Cash paid for taxes 14,000 2,000
Tax refunds received 1,000 5,000
Supplemental disclosure of noncash investing and financing activities:    
Equipment additions financed by debt 69,000 0
Equipment additions financed by capital lease obligations 54,000 37,000
Equipment additions financed by related party debt $ 0 $ 129,000