| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | |||||||||
Net income (loss) | |||||||||
-672,000 | -54,000 | -34,000 | -633,000 | -13,000 | 9,000 | 268,000 | -88,000 | 107,000 | - |
Adjustments to reconcile loss from continuing operations to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
105,000 | 107,000 | 108,000 | 110,000 | 108,000 | 117,000 | 120,000 | 119,000 | 145,000 | - |
Share-based compensation | |||||||||
8,000 | 6,000 | 6,000 | 8,000 | 5,000 | 6,000 | 6,000 | 7,000 | 6,000 | - |
Amortization of Debt Issuance Costs and Discounts | |||||||||
6,000 | 8,000 | - | - | 6,000 | 5,000 | - | - | - | - |
Amortization of debt issuance costs | |||||||||
- | 4,000 | - | - | - | - | 3,000 | 1,000 | 0 | - |
Accretion of debt discount | |||||||||
- | - | - | - | - | - | -2,000 | -1,000 | -1,000 | - |
Deferred income taxes, net | |||||||||
-9,000 | -8,000 | -27,000 | -30,000 | 5,000 | -2,000 | -381,000 | 33,000 | -240,000 | - |
Change in fair value of emergence date warrants | |||||||||
-6,000 | 3,000 | -1,000 | -7,000 | -3,000 | -18,000 | 8,000 | -1,000 | 10,000 | - |
Unrealized loss on foreign currency transactions | |||||||||
1,000 | -9,000 | 0 | 3,000 | 2,000 | -14,000 | 3,000 | 26,000 | 7,000 | - |
Marketable Securities, Unrealized Gain (Loss) | |||||||||
18,000 | 1,000 | - | - | 0 | 0 | - | - | - | - |
Marketable Securities, Realized Gain (Loss) | |||||||||
0 | 11,000 | - | - | 0 | 0 | - | - | - | - |
Other non-cash credits, net | |||||||||
-8,000 | 14,000 | 0 | 14,000 | -7,000 | 0 | 0 | 2,000 | 1,000 | - |
Debtor Reorganization Items, Gain (Loss) on Settlement of Other Claims, Net | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |
Payment to PBGC | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |
Payment for Pension and Other Postretirement Benefits | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |
Payment Of Unsecured Claims | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |
Debtor Reorganization Items, Revaluation of Assets and Liabilities | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | -1,697,000 |
Non-cash and financing related reorganization items, net | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |
Increase (Decrease) in Receivables | |||||||||
-6,000 | -35,000 | 42,000 | -26,000 | -25,000 | -49,000 | 10,000 | 6,000 | -29,000 | - |
Changes in operating assets and liabilities: | |||||||||
Inventory | |||||||||
-3,000 | -3,000 | -7,000 | 5,000 | -2,000 | 11,000 | -12,000 | -2,000 | -22,000 | - |
Increase (Decrease) in Operating Assets | |||||||||
- | -4,000 | - | - | - | 0 | - | - | - | - |
Contract assets | |||||||||
35,000 | 18,000 | 23,000 | 31,000 | 25,000 | 43,000 | 0 | 0 | 0 | 0 |
Contract costs | |||||||||
-5,000 | -8,000 | 13,000 | 4,000 | -23,000 | -7,000 | 0 | 0 | 0 | 0 |
Accounts payable | |||||||||
-16,000 | -15,000 | -3,000 | 22,000 | -21,000 | 26,000 | -58,000 | -8,000 | 50,000 | - |
Payroll and benefit obligations | |||||||||
-14,000 | -10,000 | -7,000 | -3,000 | -26,000 | -37,000 | 2,000 | -39,000 | -34,000 | - |
Business restructuring reserve | |||||||||
-7,000 | -6,000 | -2,000 | -8,000 | -11,000 | -4,000 | -10,000 | 17,000 | 22,000 | - |
Increase (Decrease) in Operating Liabilities | |||||||||
- | -1,000 | - | - | - | 0 | - | - | - | - |
Contract liabilities | |||||||||
-5,000 | -25,000 | - | -24,000 | 29,000 | 21,000 | - | 75,000 | 74,000 | - |
Other assets and liabilities | |||||||||
-39,000 | -8,000 | -56,000 | 38,000 | 26,000 | 39,000 | -55,000 | 1,000 | 97,000 | - |
NET CASH PROVIDED BY OPERATING ACTIVITIES | |||||||||
20,000 | 12,000 | 66,000 | 52,000 | 37,000 | 86,000 | 25,000 | 83,000 | 94,000 | - |
INVESTING ACTIVITIES: | |||||||||
Capital expenditures | |||||||||
22,000 | 26,000 | 29,000 | 37,000 | 26,000 | 21,000 | 25,000 | 18,000 | 18,000 | - |
Proceeds from Sale and Maturity of Marketable Securities | |||||||||
0 | 294,000 | - | - | 0 | 0 | - | - | - | - |
Acquisition of businesses, net of cash acquired | |||||||||
- | - | - | - | - | - | 0 | -1,000 | 158,000 | - |
Other investing activities, net | |||||||||
0 | 0 | 0 | 0 | 0 | 1,000 | -1,000 | 0 | -1,000 | - |
NET CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES | |||||||||
-22,000 | 268,000 | -29,000 | -47,000 | -26,000 | -22,000 | - | -17,000 | -175,000 | - |
Payments for Repurchase of Common Stock | |||||||||
198,000 | 132,000 | - | - | 0 | 0 | - | - | - | - |
Proceeds from Issuance of Preferred Stock and Preference Stock | |||||||||
0 | 121,000 | - | - | 0 | 0 | - | - | - | - |
FINANCING ACTIVITIES: | |||||||||
Repayments of Short-term Debt | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |
Repayment of first lien debt | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |
Repayment of long-term debt | |||||||||
0 | 250,000 | 7,000 | 7,000 | 8,000 | 7,000 | 7,000 | 8,000 | 7,000 | - |
Debt issuance costs | |||||||||
- | - | - | - | - | - | 0 | 10,000 | 0 | - |
Payment for Contingent Consideration Liability, Financing Activities | |||||||||
0 | 5,000 | 0 | 0 | 9,000 | 0 | 0 | 0 | 0 | 0 |
Payments related to sale-leaseback transactions | |||||||||
2,000 | 3,000 | 2,000 | 2,000 | 3,000 | 5,000 | 2,000 | 3,000 | 4,000 | - |
Other financing activities, net | |||||||||
-1,000 | -2,000 | -1,000 | -3,000 | -1,000 | -6,000 | 4,000 | -1,000 | 0 | - |
NET CASH USED FOR FINANCING ACTIVITIES | |||||||||
-201,000 | -271,000 | -10,000 | -12,000 | -21,000 | -18,000 | -557,000 | 295,000 | -11,000 | - |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
-10,000 | 5,000 | -5,000 | 2,000 | 2,000 | -3,000 | -2,000 | -14,000 | 9,000 | - |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | |||||||||
-213,000 | 14,000 | 22,000 | -5,000 | -8,000 | 43,000 | 5,000 | 347,000 | -83,000 | - |
Predecessor | |||||||||
Depreciation and amortization | |||||||||
- | - | - | - | - | - | - | - | - | 31,000 |
Share-based compensation | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Amortization of Debt Issuance Costs | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Accretion of debt discount | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Deferred income taxes, net | |||||||||
- | - | - | - | - | - | - | - | - | 455,000 |
Gain on sale of Networking business | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Fair Value Adjustment of Warrants | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Unrealized loss (gain) on foreign currency transactions | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Other non-cash charges, net | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Debtor Reorganization Items, Gain (Loss) on Settlement of Other Claims, Net | |||||||||
- | - | - | - | - | - | - | - | - | 1,778,000 |
Payment to PBGC | |||||||||
- | - | - | - | - | - | - | - | - | 340,000 |
Payment for Pension and Other Postretirement Benefits | |||||||||
- | - | - | - | - | - | - | - | - | 49,000 |
Payment Of Unsecured Claims | |||||||||
- | - | - | - | - | - | - | - | - | 58,000 |
Debtor Reorganization Items, Revaluation of Assets and Liabilities | |||||||||
- | - | - | - | - | - | - | - | - | -1,697,000 |
Non-cash and financing related reorganization items, net | |||||||||
- | - | - | - | - | - | - | - | - | -26,000 |
Increase (Decrease) in Accounts Receivable | |||||||||
- | - | - | - | - | - | - | - | - | -40,000 |
Inventory | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Accounts payable | |||||||||
- | - | - | - | - | - | - | - | - | -40,000 |
Payroll and benefit obligations | |||||||||
- | - | - | - | - | - | - | - | - | 16,000 |
Business restructuring reserve | |||||||||
- | - | - | - | - | - | - | - | - | -7,000 |
Deferred revenue | |||||||||
- | - | - | - | - | - | - | - | - | 28,000 |
Other assets and liabilities | |||||||||
- | - | - | - | - | - | - | - | - | 18,000 |
Net Cash Provided by (Used in) Operating Activities | |||||||||
- | - | - | - | - | - | - | - | - | -414,000 |
Capital expenditures | |||||||||
- | - | - | - | - | - | - | - | - | 13,000 |
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 | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Repayments of Short-term Debt | |||||||||
- | - | - | - | - | - | - | - | - | 725,000 |
Repayment of first lien debt | |||||||||
- | - | - | - | - | - | - | - | - | 2,061,000 |
Proceeds from debtor-in-possession financing | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Repayments of Long-term Debt | |||||||||
- | - | - | - | - | - | - | - | - | 111,000 |
Proceeds from issuance of call spread warrants | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Payments for Hedge, Financing Activities | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Debt issuance costs | |||||||||
- | - | - | - | - | - | - | - | - | 97,000 |
Payments related to sale-leaseback transactions | |||||||||
- | - | - | - | - | - | - | - | - | 4,000 |
Other financing activities, net | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Net Cash Provided by (Used in) Financing Activities | |||||||||
- | - | - | - | - | - | - | - | - | 102,000 |
Net income (loss) | |||||||||
- | - | - | - | - | - | - | - | - | 2,977,000 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
- | - | - | - | - | - | - | - | - | -2,000 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | |||||||||
- | - | - | - | - | - | - | - | - | -531,000 |
Term Loan Credit Agreement due December 15, 2024 | |||||||||
Proceeds from long term debt | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |