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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 5,954 $ 4,512
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 537 137
Inventory reserves (310) 0
Stock-based compensation 1,076 298
Non-cash lease expense 8 1
Provision for deferred income taxes 110 (554)
Change in operating assets and liabilities:    
Accounts receivable (1,431) (748)
Prepaid and other assets (489) (265)
Accounts payable and other accrued expenses 189 379
Inventory (2,408) (488)
Deposits 47 (28)
Other long-term obligations 0 (880)
Net cash provided by operating activities 3,283 2,364
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (654) (141)
Net cash used in investing activities (654) (141)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on finance lease obligations (27) (4)
Common stock cash dividends 0 (2,259)
Purchase of treasury stock 0 (171)
Proceeds from the issuance of common stock 274 137
Net cash used in financing activities 247 (2,297)
Net increase in cash and cash equivalents 2,876 (74)
Cash and cash equivalents at beginning of period 14,040 10,128
Cash and cash equivalents at end of period 16,916 10,054
Supplemental disclosure of cash flow information:    
Cash paid for interest (9) 0
Cash paid for rent (779) (430)
Cash paid for income taxes (660) (1,957)
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for new operating lease liabilities 1,433 1,605
Right-of-use assets obtained in exchange for new finance lease liabilities 72 0
Inventory transferred to property and equipment under lease $ 343 $ 255