Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:    
Net loss $ (3,743) $ (3,534)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 198 279
Amortization of intangibles and other assets 2,677 1,899
Reacquired common stock issued for acquisition   (547)
Change in fair value of contingent consideration 832 485
Stock-based compensation 1,023 1,163
Changes in operating assets and liabilities, net of the effect of acquisitions (Note 2):    
Increase in trade accounts receivable, net (413) (2,784)
Decrease in unbilled contract receivables 910  
Increase in inventories, net (3,043) (5,929)
Increase in other assets (1,352) (437)
Increase (decrease) in accounts payable and accrued liabilities 1,981 (4,512)
Net cash used in operating activities (930) (13,917)
Cash Flows from Investing Activities:    
Acquisition of business and other, net of cash acquired (9,464) (100)
Payment of acquisition obligations (1,015)  
Purchase of property and equipment (110) (240)
Net cash used in investing activities (10,589) (340)
Cash Flows from Financing Activities:    
Fees pertaining to issuance of common stock (71) (219)
Proceeds from issuance of common stock, net of issuance costs 16,191  
Repayments of note payable (180) (180)
Net proceeds from revolving credit facility 550 9,106
Net cash provided by financing activities 16,490 8,707
Increase (decrease) in Cash and Cash Equivalents 4,971 (5,550)
Cash and Cash Equivalents, beginning of period 219 6,033
Cash and Cash Equivalents, end of period 5,190 483
Supplemental Disclosure of Cash Flow Information:    
Cash paid during period for interest 414 245
Non-cash investing and financing activities:    
Contingent consideration and other 5,632  
Issuance of stock $ 6,051 6,047
Deferred consideration for acquisition   $ 500