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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 5,278,000 $ 232,000
Adjustments to reconcile net income to net cash used in operating activities:    
Stock-based compensation 9,000 0
Changes in operating assets and liabilities:    
Prepaid expenses (10,000) (14,000)
Accounts payable and accrued expenses 320,000 (1,000)
Net cash provided by operating activities 5,597,000 217,000
Net change in cash 5,597,000 217,000
Cash, beginning of period 13,840,000 13,509,000
Cash, end of period 19,437,000 13,726,000
Supplemental disclosure of cash flow information:    
Interest paid 0 0
Income taxes paid $ 0 $ 0