XML 51 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net income $ 6,051 $ 1,143
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 309 315
Amortization of finite-lived intangible assets 56 56
Recovery of note receivable   (4)
Stock-based compensation 17 19
Unrealized gain on marketable securities (179) (183)
Deferred income tax (benefit) expense (3,306) 28
Changes in operating assets and liabilities:    
Increase in accounts receivable, net (1,508) (712)
Increase in inventories, net (2,010) (542)
(Increase) decrease in prepaid expenses and other assets (110) 21
Increase in accounts payable, accrued compensation and commissions and other accrued liabilities 1,769 548
Net cash provided by operating activities 1,089 689
INVESTING ACTIVITIES    
Purchase of marketable securities, net (5,000) (12,275)
Capital expenditures (826) (232)
Net cash used in investing activities (5,826) (12,507)
FINANCING ACTIVITIES    
Proceeds from warrant exercise   927
Proceeds from stock option exercise 390 27
Net cash provided by financing activities 390 954
Decrease in cash and cash equivalents (4,347) (10,864)
Cash and cash equivalents at beginning of period 15,508 13,250
Cash and cash equivalents at end of period 11,161 2,386
Supplemental Disclosure:    
Cash paid for interest 6 23
Cash paid for income taxes 72 $ 45
Non-Cash Disclosure:    
Right-of-use assets offset by operating lease liabilities $ 364