XML 15 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 183 $ 2,522
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,400 1,539
Compensation on stock-based awards 334 299
Change in inventory reserves 194 (8)
Change in accounts receivable allowances (72) (18)
Other, net 9 137
Changes in current operating assets and liabilities:    
Accounts receivable 2,727 (162)
Employee Retention Credit Receivable 2,650
Inventories (922) 899
Contract assets (577) (1,780)
Prepaid expenses and other current assets (2,888) (976)
Accounts payable (3,609) (1,636)
Accrued payroll and commissions (1,198) (810)
Customer deposits 1,195 345
Other accrued liabilities 181 (820)
Net cash (used in) provided by operating activities (3,043) 2,181
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 9
Purchases of property and equipment (980) (1,121)
Net cash used in investing activities (971) (1,121)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from line of credit 99,888 95,783
Payments to line of credit (96,185) (98,035)
Proceeds from financing leases 198
Principal payments on financing leases (304) (291)
Share repurchases (67)
Proceeds from stock option exercises 31 155
Net cash provided by (used in) financing activities 3,561 (2,388)
Effect of exchange rate changes on cash 17 (32)
Net change in cash and cash equivalents (436) (1,360)
Cash - beginning of period 1,675 2,481
Cash - end of period 1,239 1,121
Reconciliation of cash and restricted cash reported within the condensed consolidated balance sheets:    
Cash 1,239 699
Restricted cash 422
Total cash and restricted cash reported in the condensed consolidated statements of cash flows 1,239 1,121
Supplemental disclosure of cash flow information:    
Cash paid for interest 531 388
Cash paid for income taxes 374 1,242
Supplemental noncash investing and financing activities:    
Property and equipment purchases in accounts payable 107 23
Operating lease assets acquired under operating leases 1,923
Equipment acquired under finance lease $ 256