Cash Flow

v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net loss $ (4,955) $ (2,616)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 126 100
Amortization of intangible and other assets 1,813 1,210
Stock-based compensation 1,118 430
Change in fair value of contingent consideration (785) 377
Other noncash items affecting net income 21  
Changes in operating assets and liabilities, net of the effect of the acquisition:    
(Increase) decrease in trade receivables, net 7,161 5,119
(Increase) decrease in unbilled contracts receivable 1,841 1,064
(Increase) decrease in inventories, net (3,571) (3,734)
(Increase) decrease in prepaid and other assets (1,549) (222)
Increase (decrease) in accounts payable and accrued liabilities (5,432) (1,635)
Net cash (used in) provided by operating activities (4,212) 93
Cash Flows from Investing Activities:    
Purchase of property and equipment (231) (46)
Net cash used in investing activities (231) (46)
Cash Flows from Financing Activities:    
Net proceeds from revolving credit facility 14,819 1,144
Repayments of notes payable and short-term borrowings (10,090) (60)
Fees pertaining to issuance of common stock   (60)
Net cash provided by financing activities 4,729 1,024
Net increase in cash and cash equivalents 286 1,071
Cash and cash equivalents, beginning of period 883 219
Cash and cash equivalents, end of period $ 1,169 $ 1,290

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