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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES:    
Net (loss) income $ (161) $ 679
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation 816 730
Amortization of intangible assets 328 154
Amortization of financing fees 7 26
Stock-based compensation 189 184
Deferred income taxes (402) 168
Proceeds from litigation settlement 0 1,593
Changes in operating assets and liabilities:    
Accounts receivable (2,724) 1,952
Inventories (3,274) 367
Prepaid expenses and other assets 977 225
Accounts payable and other liabilities 1,022 (2,175)
Net cash (used in) provided by operating activities (3,222) 3,903
INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (371) (489)
Net cash used in investing activities (371) (489)
FINANCING ACTIVITIES:    
Borrowings on revolving credit facility 1,450 0
Payments on term loan facility (333) (393)
Proceeds from exercise of stock options 113 31
Tax withholdings on stock-based awards (7) (58)
Net cash provided by (used in) financing activities 1,223 (420)
Effect of exchange rate changes on cash 7 15
(DECREASE) INCREASE IN CASH (2,363) 3,009
Cash, Beginning of period 8,413 10,653
Cash, End of period $ 6,050 $ 13,662