Cash Flow

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net loss $ (8,202) $ (2,114)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 5,812 4,502
Stock-based compensation 2,197 1,485
Change in fair value of contingent consideration (1,602) (69)
Other noncash items affecting net income (62) 181
Changes in operating assets and liabilities, net of the effect of the acquisition:    
(Increase) decrease in trade receivables, net 5,377 (5,321)
(Increase) decrease in unbilled contracts receivable 4,656 (2,926)
(Increase) decrease in inventories, net (6,960) (1,722)
(Increase) decrease in Vendor deposits, prepaid expenses and other (5,264) (2,425)
Increase (decrease) in accounts payable and accrued liabilities (5,569) 4,338
Net cash used in operating activities (9,617) (4,071)
Cash Flows from Investing Activities:    
Payment of acquisition obligations (284) (1,015)
Purchase of property and equipment (961) (220)
Acquisition of business and other, net of cash acquired   (10,413)
Proceeds from the sale of assets   2
Net cash used in investing activities (1,245) (11,646)
Cash Flows from Financing Activities:    
Net proceeds from revolving credit facility 14,666 3,487
Net proceeds from related party notes payable 7,000  
Repayments of notes payable and short-term borrowings (10,270) (270)
Repayments of related party notes payable (500)  
Proceeds from issuance of common stock, net of issuance costs   16,192
Net cash provided by financing activities 10,896 19,409
Net increase in cash and cash equivalents 34 3,692
Cash and cash equivalents, beginning of period 883 219
Cash and cash equivalents, end of period 917 3,911
Non-cash investing and financing activities:    
Issuance of common stock for contingent consideration $ 989 6,434
Contingent consideration and other   $ 5,132

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