XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 270,000 $ 1,569,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 504,000 460,000
Gain on sale of assets (55,000) (16,000)
Allowance for doubtful accounts 3,000 (150,000)
Stock compensation 186,000 220,000
Deferred taxes (3,000) 29,000
(Increase) decrease in    
Accounts receivable - billed (2,298,000) (1,915,000)
Accounts receivable - unbilled (1,021,000) 32,000
Inventories 424,000 (865,000)
Prepaid expenses and other assets 45,000 (213,000)
Deferred buy-back lease asset, net (2,986,000) 0
Refundable income taxes 33,000 168,000
Accounts payable - trade (73,000) 390,000
Accrued expenses and other liabilities 0 400,000
Deferred revenue 54,000 672,000
Accrued income taxes payable 80,000 0
Accrued compensation (543,000) (301,000)
Deferred buy-back lease obligation 3,733,000 0
Customer deposits 308,000 790,000
Net cash provided by (used in) operating activities (1,339,000) 1,270,000
Cash flows from investing activities:    
Purchases of investment securities available-for-sale (16,000) (21,000)
Purchases of property and equipment (1,057,000) (2,159,000)
Proceeds from sale of fixed assets 67,000 22,000
Net cash used in investing activities (1,006,000) (2,158,000)
Cash flows from financing activities:    
Proceeds from long-term borrowings 350,000 183,000
Repayments of long-term borrowings (312,000) (287,000)
Dividends paid on common stock (256,000) (49,000)
Proceeds from options exercised 12,000 117,000
Net cash used in financing activities (206,000) (36,000)
Net decrease in cash and cash equivalents (2,551,000) (924,000)
Cash and cash equivalents    
Beginning of period 3,390,000 3,523,000
End of period $ 839,000 $ 2,599,000