| Sep'19 | Sep'17 | |||||
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | ||||||
Net income (loss) | ||||||
-671,000 | - | |||||
Adjustments to reconcile loss from continuing operations to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
443,000 | - | |||||
Share-based compensation | ||||||
25,000 | - | |||||
Amortization of debt issuance costs | ||||||
17,000 | - | |||||
Accretion of debt discount | ||||||
-5,000 | - | |||||
Deferred income taxes, net | ||||||
-54,000 | - | |||||
Gain on sale of Networking business | ||||||
0 | - | |||||
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | ||||||
659,000 | - | |||||
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment | ||||||
0 | - | |||||
Change in fair value of emergence date warrants | ||||||
-29,000 | - | |||||
Unrealized loss on foreign currency transactions | ||||||
-9,000 | - | |||||
Other non-cash credits, net | ||||||
7,000 | - | |||||
Debtor Reorganization Items, Gain (Loss) on Settlement of Other Claims, Net | ||||||
0 | - | |||||
Payment to PBGC | ||||||
0 | - | |||||
Payment for Pension and Other Postretirement Benefits | ||||||
0 | - | |||||
Payment Of Unsecured Claims | ||||||
0 | - | |||||
Debtor Reorganization Items, Revaluation of Assets and Liabilities | ||||||
0 | - | |||||
Non-cash and financing related reorganization items, net | ||||||
0 | - | |||||
Increase (Decrease) in Receivables | ||||||
-58,000 | - | |||||
Changes in operating assets and liabilities: | ||||||
Inventory | ||||||
7,000 | - | |||||
Contract assets | ||||||
122,000 | 0 | |||||
Contract costs | ||||||
-13,000 | 0 | |||||
Accounts payable | ||||||
24,000 | - | |||||
Payroll and benefit obligations | ||||||
-73,000 | - | |||||
Deferred revenue | ||||||
35,000 | - | |||||
Business restructuring reserve | ||||||
-25,000 | - | |||||
Other assets and liabilities | ||||||
47,000 | - | |||||
NET CASH PROVIDED BY OPERATING ACTIVITIES | ||||||
241,000 | - | |||||
INVESTING ACTIVITIES: | ||||||
Capital expenditures | ||||||
113,000 | - | |||||
Capitalized software development costs | ||||||
0 | - | |||||
Acquisition of businesses, net of cash acquired | ||||||
0 | - | |||||
Proceeds from sale of Networking business | ||||||
0 | - | |||||
Proceeds from sale-leaseback transactions | ||||||
0 | - | |||||
Other investing activities, net | ||||||
1,000 | - | |||||
NET CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES | ||||||
-124,000 | - | |||||
FINANCING ACTIVITIES: | ||||||
Repayments of Short-term Debt | ||||||
0 | - | |||||
Repayment of first lien debt | ||||||
0 | - | |||||
Proceeds from debtor-in-possession financing | ||||||
0 | - | |||||
Repayment of long-term debt | ||||||
29,000 | - | |||||
Proceeds from issuance of call spread warrants | ||||||
0 | - | |||||
Payments for Hedge, Financing Activities | ||||||
0 | - | |||||
Debt issuance costs | ||||||
0 | - | |||||
Payment for Contingent Consideration Liability, Financing Activities | ||||||
9,000 | 0 | |||||
Payments related to sale-leaseback transactions | ||||||
12,000 | - | |||||
Other financing activities, net | ||||||
-11,000 | - | |||||
NET CASH USED FOR FINANCING ACTIVITIES | ||||||
-61,000 | - | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-4,000 | - | |||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
52,000 | - | |||||
Predecessor | ||||||
Depreciation and amortization | ||||||
- | 326,000 | |||||
Share-based compensation | ||||||
- | 11,000 | |||||
Amortization of Debt Issuance Costs | ||||||
- | 36,000 | |||||
Accretion of debt discount | ||||||
- | -25,000 | |||||
Deferred income taxes, net | ||||||
- | -39,000 | |||||
Gain on sale of Networking business | ||||||
- | 2,000 | |||||
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | ||||||
- | 117,000 | |||||
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment | ||||||
- | 8,000 | |||||
Fair Value Adjustment of Warrants | ||||||
- | 0 | |||||
Unrealized loss (gain) on foreign currency transactions | ||||||
- | 4,000 | |||||
Other non-cash charges, net | ||||||
- | 4,000 | |||||
Debtor Reorganization Items, Gain (Loss) on Settlement of Other Claims, Net | ||||||
- | 0 | |||||
Payment to PBGC | ||||||
- | 0 | |||||
Payment for Pension and Other Postretirement Benefits | ||||||
- | 0 | |||||
Payment Of Unsecured Claims | ||||||
- | 0 | |||||
Debtor Reorganization Items, Revaluation of Assets and Liabilities | ||||||
- | 0 | |||||
Non-cash and financing related reorganization items, net | ||||||
- | -52,000 | |||||
Increase (Decrease) in Accounts Receivable | ||||||
- | -24,000 | |||||
Inventory | ||||||
- | -24,000 | |||||
Accounts payable | ||||||
- | -27,000 | |||||
Payroll and benefit obligations | ||||||
- | -34,000 | |||||
Business restructuring reserve | ||||||
- | -51,000 | |||||
Deferred revenue | ||||||
- | -44,000 | |||||
Other assets and liabilities | ||||||
- | -73,000 | |||||
Capital expenditures | ||||||
- | 57,000 | |||||
Capitalized software development costs | ||||||
- | 2,000 | |||||
Acquisition of businesses, net of cash acquired | ||||||
- | 4,000 | |||||
Proceeds from sale of Networking business | ||||||
- | 70,000 | |||||
Proceeds from sale-leaseback transactions | ||||||
- | 0 | |||||
Other investing activities, net | ||||||
- | -3,000 | |||||
Repayments of Short-term Debt | ||||||
- | 0 | |||||
Repayment of first lien debt | ||||||
- | 0 | |||||
Proceeds from debtor-in-possession financing | ||||||
- | 712,000 | |||||
Repayments of Long-term Debt | ||||||
- | 223,000 | |||||
Proceeds from issuance of call spread warrants | ||||||
- | 0 | |||||
Payments for Hedge, Financing Activities | ||||||
- | 0 | |||||
Debt issuance costs | ||||||
- | 1,000 | |||||
Payments related to sale-leaseback transactions | ||||||
- | 19,000 | |||||
Other financing activities, net | ||||||
- | 5,000 | |||||
Net Cash Provided by (Used in) Financing Activities | ||||||
- | -314,000 | |||||
Net income (loss) | ||||||
- | -182,000 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
- | 5,000 | |||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
- | 630,000 | |||||
Term Loan Credit Agreement due December 15, 2024 | ||||||
Proceeds from long term debt | ||||||
0 | - | |||||
Term Loan Credit Agreement Due To Refinancing | ||||||
Proceeds from long term debt | ||||||
0 | - | |||||
Repayments of Long-term Debt | ||||||
0 | - | |||||
Convertible Notes | ||||||
Proceeds from long term debt | ||||||
0 | - | |||||
Foreign ABL | ||||||
Repayments of line of credit | ||||||
0 | - | |||||
Domestic ABL | ||||||
Repayments of line of credit | ||||||
0 | - | |||||
Senior Secured Credit Agreement | ||||||
Repayments of line of credit | ||||||
0 | - | |||||