Janone inc. (ARCI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
OPERATING ACTIVITIES:
Net income (loss) attributed to company

-

-

118

118

-1,451

-

-

-

-

-

-

Less: loss attributable to noncontrolling interest

-

-

496

-496

314

-

-

-

-

-

-

Net loss attributed to company

-

-

-378

-378

-1,765

-

-

-

-

-

-

Net income from discontinued operations, net of tax

-

-

-5,775

-5,775

-1,299

-

-

-

-

-

-

Net loss

-11,964

-5,608

-

-

-

-3,932

795

3,462

-4,456

4,722

1,948

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization

4,076

3,998

2,147

2,147

959

1,270

1,355

1,369

1,221

1,303

1,402

Non-cash debt issuance costs

-

-

0

-

63

0

-

-

-

-

-

Amortization of debt issuance costs

307

589

253

253

185

107

104

131

197

193

-

Impairment charge

-

-

-

-

-

-

-

-

1,082

0

-

Stock based compensation expense

631

656

272

272

245

316

267

233

153

428

462

Change in provision for doubtful accounts

-

-32

7

7

0

-

-

-

-

-

-

Impairment charges

2,992

-

-

-

-

-

-

-

-

-

-

Gain on litigation settlement

694

0

-

-

-

-

-

-

-

-

-

Gain on the sale of property

-

-

5,163

5,163

0

-

-

-

-

-

-

Gain on the sale of AAP equity interest

-

-

81

81

0

-

-

-

-

-

-

Gain on sale of property and equipment

-

5

134

134

0

-

-

-

-

-

-

Change in deferred rent

48

14

-

78

-

-

-

-

-

-

-

Change in deferred rent

-

-

-78

-

7

-

-

-

-

-

-

Change in deferred compensation

-148

120

28

28

0

-

-

-

-

-

-

Change in deferred income taxes

3,279

1,028

-1,633

-1,633

-97

-

-

-

-

-

43

Other

165

-146

-

-833

-

-

-

-

-

-

-

Amortization of deferred gain

-

-

-

-

-

-

365

488

488

487

487

Investment impairment charge

-

-

-

-

-

-

-

-

-

-

266

Reversal of deferred income tax valuation allowance

-

-

-

-

-

-

-

2,150

0

917

-

Deferred income taxes

-

-

-

-

-

-612

-313

583

367

1,621

-

Excess tax benefits related to share-based compensation

-

-

-

-

-

-

-

-

-

53

279

Other

-

-

833

-

-37

5

-82

-83

-38

4

3

Changes in assets and liabilities:
Other

-

-

-

-

-

-

-35

34

-20

-224

675

Accounts receivable

765

-3,947

1,159

1,159

-499

584

-1,232

6,018

-1,178

2,417

794

Income taxes receivable

-25

101

-

0

-

414

627

-440

130

-

-

Prepaid expenses and other current assets

-680

-153

513

-513

-342

-

-

-

-

-

-

Inventories

546

41

-264

-264

-1,000

620

-541

-620

-1,182

1,863

-192

Other current assets

-

-

-

-

-

-66

474

-711

304

896

-421

Accounts payable and accrued expenses

5,058

1,660

-2,081

-2,081

-361

999

963

2,798

491

-471

911

Accrued income taxes

-

-3

19

19

1,110

-

-

-

-

-

-

Net cash provided by (used in) operating activities - continuing operations

-

-

-2,262

-2,262

2,776

-3,409

3,595

1,740

551

1,376

3,475

Net cash provided by operating activities - discontinued operations

-

-

3,488

3,488

-117

-

-

-

-

-

-

Income tax payable

-

-

-

-

-

-

-

-

-

-7

154

Net cash provided by (used in) operating activities

-3,510

4,145

1,226

1,226

2,659

-

-

-

-

-

-

INVESTING ACTIVITIES:
Purchases of property and equipment

212

401

22

22

375

404

818

501

818

1,757

5,627

Decrease (increase) in restricted cash

-

-

-

-

-

500

-500

500

0

-701

1

Proceeds from the sale of property and equipment

-

59

6,785

6,785

0

7

16

10

0

11

35

Purchases of intangibles

288

-

199

199

0

-

-

-

-

-

-

Proceeds from sale of equity in AAP less cash retained by AAP as a result of deconsolidation

-

-

765

765

0

-

-

-

-

-

-

Net payments received from Live Ventures Incorporated note receivable

-845

-170

-

0

-

-

-

-

-

-

-

Other

-

-

0

-

37

52

0

-

-

-

-

Net cash provided by (used) in investing activities - continuing operations

-

-

7,329

7,329

-412

-949

-302

-991

-818

-1,045

-5,593

Net cash provided by (used) in investing activities - discontinued operations

-

-

0

0

0

-

-

-

-

-

-

Net cash used in investing activities

345

-172

7,329

7,329

-412

-

-

-

-

-

-

FINANCING ACTIVITIES:
Proceeds from related party note

2,500

-

-

-

-

-

-

-

-

-

-

Net payments under line of credit - PNC Bank

-

-

-

10,333

-

-

-

-

-

-

-

Net borrowing under the line of credit - MidCap Financial Trust

-

-

5,605

-

0

-

-

-

-

-

-

Checks issued in excess of cash in bank

-

-

-

-

-

-

-

-

-

-42

-368

Net borrowing (payments) under the line of credit

-

-

-10,333

5,605

-2,335

3,431

-424

-898

-126

546

-2,280

Proceeds from issuance of short term notes payable

471

562

-

-

-

-

-

-

-

-

-

Payments on short term notes payable

509

1,066

-

-

-

-

-

-

-

-

-

Proceeds from issuance of short term debt obligations

-

-

-

1,237

-

-

-

-

-

-

-

Proceeds from issuance of debt obligations

-

-

1,237

-

200

325

0

220

0

9,400

3,805

Payments on short term notes payable

-

-

-500

-500

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

546

546

148

0

-

129

0

669

-

Payments on debt obligations

-

-

1,731

1,731

941

757

1,123

1,032

990

8,315

860

Tax deficiency related to share-based compensation

-

-

-

-

-

11

-

-

-

-

-

Excess Tax Benefit from Share-based Compensation, Financing Activities

-

-

-

-

-

-

0

-

-

53

279

Proceeds from issuance of Common Stock

-

-

-

-

-

24

24

36

86

117

1,721

Net cash used in financing activities - continuing operations

-

-

-6,268

-6,268

-3,224

3,012

-1,523

-1,803

-1,030

1,090

2,297

Net cash used in financing activities - discontinued operations

-

-

0

0

0

-

-

-

-

-

-

Net cash used in financing activities

2,462

-6,109

-6,268

-6,268

-3,224

-

-

-

-

-

-

Effect of changes in exchange rate on cash and cash equivalents

-11

18

-

-

-

-

-

-

-

-

-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-714

-2,118

-

-

-

-

-

-

-

-

-

Effect of changes in exchange rate on cash and cash equivalents

-

-

58

58

-24

-208

-195

-172

70

-85

87

DECREASE IN CASH AND CASH EQUIVALENTS

-

-

2,345

2,345

-1,001

-1,554

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

1,575

-1,226

-1,227

1,336

266

Supplemental cash flow disclosures:
Cash payments for interest

-

-

-

-

-

970

885

966

935

931

1,034

Interest paid

133

526

779

779

1,054

-

-

-

-

-

-

Income taxes paid

263

199

48

48

-874

-694

1,660

-274

-154

1,055

580

Series A convertible preferred stock issued to sellers of GeoTraq, Inc.

-

-

12,322

12,322

0

-

-

-

-

-

-

Gain on sale and deconsolidation of variable interest entity - AAP

-

-

81

-

-

-

-

-

-

-

-

Cash decrease upon AAP deconsolidation

-

-

-35

-

-

-

-

-

-

-

-

Beneficial Conversation of Series A Preferred Stock Issued

-

-

2,641

2,641

0

-

-

-

-

-

-

EEI note balance conversion into common stock

-

101

-

0

-

-

-

-

-

-

-

Debt issuance costs paid through the issuance of common stock

-

-

0

-

694

0

-

-

-

-

-

Due from buyer of Appliancesmart - Live Ventures Incorporated

-

-

6,500

6,500

0

-

-

-

-

-

-

Accounts Receivable

-

-

110

-

-

-

-

-

-

-

-

Prepaid and Other

-

-

103

-

-

-

-

-

-

-

-

Inventory

-

-

119

-

-

-

-

-

-

-

-

Property Plant and Equipment

-

-

11,113

-

-

-

-

-

-

-

-

Accumulated Depreciation

-

-

-4,304

-

-

-

-

-

-

-

-

Other Assets, includes net equity investment in variable interest entity

-

-

93

-

-

-

-

-

-

-

-

Accounts Payable

-

-

-2,661

-

-

-

-

-

-

-

-

Accrued Expenses

-

-

-619

-

-

-

-

-

-

-

-

Current portion of long term obligations

-

-

-729

-

-

-

-

-

-

-

-

Long term obligations

-

-

-3,431

-

-

-

-

-

-

-

-

Non-controlling interest

-

-

90

-

-

-

-

-

-

-

-

Loan receivable exchanged for equity in AAP

-

-

-

-

-

-

-

-

-

-

475

Equipment acquired under financing obligations and capital leases

-

-

-

-

-

-

801

78

159

253

241

Repayments of Long-term Debt

-

-

-

-

-

-

-

-

87

0

-

Fair value of assets acquired

-

-

-

-

-

-

-

-

-

-

5,766

Net liabilities assumed by ApplianceSmart

-

1,901

-

-

-

-

-

-

-

-

1,766

EEI note balance conversion into common stock

-

101

-

-

-

-

-

-

-

-

-

Notes payable issued to sellers of GeoTraq, Inc.

-

-

800

800

0

-

-

-

-

-

-

Net liabilities assumed by ApplianceSmart

-

-

-

0

-

-

-

-

-

-

-

MidCap Financial Trust
Net borrowing (payments) under the line of credit

-

-5,605

-

-

-

-

-

-

-

-

-