Cash Flow

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities:    
Net loss $ (2,190) $ (4,955)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 1,367 1,939
Stock-based compensation 673 1,118
Change in fair value of contingent consideration   (785)
Other noncash items affecting net income 86 21
Changes in operating assets and liabilities, net of the effect of the acquisition:    
(Increase) decrease in trade receivables, net 5,226 7,161
(Increase) decrease in unbilled contracts receivable (474) 1,841
(Increase) decrease in inventories, net (1,112) (3,571)
(Increase) decrease in prepaid and other assets (1,709) (1,549)
Increase (decrease) in accounts payable and accrued liabilities (6,308) (5,432)
Net cash used in operating activities (4,441) (4,212)
Cash Flows from Investing Activities:    
Purchase of property and equipment and other (292) (231)
Net cash used in investing activities (292) (231)
Cash Flows from Financing Activities:    
Proceeds from the issuance of common stock 3,600  
Net proceeds from revolving credit facility 1,427 14,819
Net proceeds from related party notes payable 200  
Repayments of notes payable and short-term borrowings   (10,090)
Net cash provided by financing activities 5,227 4,729
Net increase (decrease) in cash and cash equivalents 494 286
Cash and cash equivalents, beginning of period 945 883
Cash and cash equivalents, end of period $ 1,439 $ 1,169

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