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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:        
Net (loss) income $ (1,401) $ 3,231 $ (4,835) $ 1,026
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Depreciation 72 71 144 147
Amortization of intangible assets 231 303 491 643
Amortization of capitalized software development costs     167 204
Amortization of deferred financing costs     7 5
Amortization of debt discount     482 0
Stock-based compensation expense     1,101 501
Bad debt expense (recovery) 97 (137) 97 (133)
Change in fair value of derivative instruments, net     (114) 0
Deferred income taxes     77 0
Changes in assets and liabilities:        
Contract receivables, net     1,578 (727)
Prepaid expenses and other assets     3,020 (5,690)
Accounts payable, accrued compensation and accrued expenses     379 1,510
Billings in excess of revenue earned     (588) (599)
Accrued warranty     (138) (179)
Other liabilities     (229) 2,163
Net cash provided by (used in) operating activities     1,639 (1,129)
Cash flows from investing activities:        
Capital expenditures     (134) (322)
Capitalized software development costs     (206) (149)
Net cash used in investing activities     (340) (471)
Cash flows from financing activities:        
Proceeds from line of credit     0 800
Repayment of line of credit     (1,817) (1,489)
Repayment of insurance premium     (594) (406)
Proceeds from issuance of long-term note and warrants, net of debt issuance cost and original issue discount     4,782 0
Shares withheld to pay taxes     (203) (161)
Net cash provided by (used in) financing activities     2,168 (1,256)
Effect of exchange rate changes on cash     (70) (17)
Net increase (decrease) in cash, cash equivalents and restricted cash     3,397 (2,873)
Cash, cash equivalents and restricted cash at beginning of the period     3,550 6,702
Cash, cash equivalents and restricted cash at the end of the period 6,947 3,829 6,947 3,829
Cash and cash equivalents 5,364 3,829 5,364 3,829
Restricted cash, current 632 0 632 0
Restricted cash included in other long-term assets 951 0 951 0
Total cash, cash equivalents and restricted cash 6,947 3,829 6,947 3,829
Non-cash financing activities        
Discount on issuance of Convertible Note $ 750 $ 0 $ 750 $ 0