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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,102 $ 5,954
Adjustments to reconcile net income to net cash (used in) operating activities:    
Depreciation 1,094 537
Non-cash reserve (recoveries) (35) (310)
Stock-based compensation 509 1,076
Non-cash lease expense 414 8
Provision for deferred income taxes 126 110
Change in operating assets and liabilities:    
Accounts receivable (4,473) (1,431)
Prepaid and other assets 191 (489)
Accounts payable and other accrued expenses (1,570) 189
Inventory (2,398) (2,408)
Deposits (238) 47
Net cash (used in)/ provided by operating activities (4,278) 3,283
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (354) (654)
Net cash (used in) investing activities (354) (654)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on finance lease obligations (44) (27)
Purchase of treasury stock (2,120) 0
Proceeds from the issuance of common stock on stock-based compensation awards 89 274
Taxes withheld and paid on employees' equity awards (136) 0
Net cash (used in)/provided by financing activities (2,211) 247
Net (decrease)/ increase in cash (6,843) 2,876
Cash at beginning of period 39,173 14,040
Cash at end of period 32,330 16,916
Supplemental disclosure of cash flow information:    
Cash paid for interest (54) (9)
Cash paid for rent (1,069) (779)
Cash paid for income taxes (335) (660)
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for new operating lease liabilities 13,247 1,433
Right-of-use assets obtained in exchange for new finance lease liabilities 162 72
Inventory transferred to property and equipment under lease 967 343
Inventory transferred to property and equipment as demo devices $ 114 $ 0