Hirequest, inc. (CCNI)
CashFlow / Yearly
Dec'19Dec'18Dec'18Dec'17Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Cash flows from operating activities
Net income

-

-

-

-

-

-

-

-

-

-

853

-

Net income (loss)

-289

7,117

974

1,679

1,679

556

1,557

9,125

2,940

1,559

-

-1,560

Income from discontinued operations

-215

0

-

-

-

-

-

-

-

-

-

-

Net income from continuing operations

-505

7,117

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash used in operations:
Depreciation and amortization

400

92

323

386

386

298

171

540

351

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

370

431

569

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-840

Allowance for losses on notes receivable

-

-

71

209

209

768

82

-86

117

287

-7

-61

Change in fair value of derivative liabilities

-

-

-

-

-

-

-

-0

786

-842

-179

1,263

Common stock issued for services

-

-

-

-

-

-

-

-

-

83

65

-

Common stock Issued for rent

-

-

-

-

-

-

-

-

-

-

-

149

Stock based compensation

758

0

332

156

156

147

741

420

143

138

105

197

Deferred taxes

-1,242

0

-358

1,666

1,666

447

822

-3,886

0

-

-

-

Reserve on workers' compensation risk pool deposit in receivership

-

-

1,540

-

0

-

-

-

-

-

-

-

Cumulative effect of accounting change

-

-

3

-

0

-

-

-

-

-

-

-

Gain on disposition of property and equipment

174

34

9

-

0

-

18

-11

-61

0

-7

-

Changes in operating assets and liabilities:
Accounts receivable

7,476

730

-281

-683

-683

1,553

-28

-1,633

-3,006

-5,750

-640

-2,549

Prepaid expenses, deposits and other assets

-1,588

-1

-359

106

106

337

32

-68

-80

-12

-37

-107

Prepaid workers' compensation

-334

0

-

-

-

-

-

-

-

-

-

-

Due from affiliates

-218

-540

-

-

-

-

-

-

-

-

-

-

Proceeds on sale of building

-

-

-

-

-

-

-

-

-

-

-

156

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

150

Prepaid workers' compensation

-334

0

-44

578

578

10

-174

-553

-5

4

204

0

Other receivables

-

-

-

-

-

-

-7

-19

10

-6

-4

30

Accounts payable

200

9

-343

-198

-198

201

14

143

-319

-178

-646

-99

Risk management incentive program liability

-40

0

-

-

-

-

-

-

-

-

-

-

Checks issued and payable

-

-

-

-

-

-

-

-

-321

341

100

-

Other current liabilities

-203

0

-77

502

502

-246

74

-76

-180

-51

-1

-181

Accrued benefits and payroll taxes

-1,402

-453

-

-

-

-

-

-

-

-

-

-

Due to franchisees

1,180

-1,466

-

-

-

-

-

-

-

-

-

-

Accrued wages and benefits

-

-

-525

-63

-63

115

-213

-51

3

927

-95

176

Deferred tax asset

-

-

-

-

-

-

-

-

-

912

-912

-

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

0

Workers' compensation risk pool deposits

-

-

107

12

12

243

249

-8

-1,189

-777

986

987

Checks issued and payable

-

-

-

0

-

-388

231

65

-

-

-

68

Accounts receivable factoring agreement

-

-

-

-

-

-

-

-

-

-

-

2,833

Workers' compensation claims liability

2,004

0

-66

-757

-757

-726

-386

-442

-254

1,180

-1,215

-50

Net cash provided by operating activities - continuing operations

-5,029

5,074

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities - discontinued operations

9,986

0

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

4,957

5,074

2,622

4,747

4,747

-464

3,334

7,758

5,207

-1,834

-1,001

2,640

Cash flows from investing activities
Cash paid for acquisition

-

-

-

0

-

1,980

0

-

-

150

0

-

Purchase of property and equipment

507

411

158

103

103

100

124

245

58

293

278

81

Proceeds from the sale of property and equipment

735

560

41

-

0

-

2

0

40

0

-

-

Proceeds from payments on notes receivable

3,563

0

-

-

-

-

-

-

-

-

-

-

Cash acquired in acquisition

5,376

0

-

-

-

-

-

-

-

-

-

-

Cash issued for notes receivable

0

85

-

-

-

-

175

0

-

-

-

-

Net change in franchisee deposits

645

90

-

-

-

-

-

-

-

-

-

-

Cash restricted by lender

-

-

-

-

-

-

-

-

-

-

-150

-

Cash released by lender

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by investing activities

9,812

153

-116

-103

-103

-2,080

-297

-245

-18

-443

-128

-75

Cash flows from financing activities:
Payments on line of credit

-712

0

-

-

-

-

-

-

-

-

-

-

Payments to affiliates

5,535

0

-

-

-

-

-

-

-

-

-

-

Proceeds from affiliates

0

2,803

-

-

-

-

-

-

-

-

-

-

Net proceeds from account purchase agreement facility

-

-

-

-

-

-

-

-

-

-2,929

-

-

Net proceeds from factoring agreement

-

-

-

-

-

-

-

-

-

-

373

-

Proceeds from private placement

-

-

-

-

-

-

-

-

-

-

-

420

Net advances (payments) on line of credit facility

-

-

-

-

-

-

-

-

-

-

-

8

Payments on notes payable

-

-

-

-

-

-

-

-

-

150

0

1,380

Proceeds from the exercise of common stock warrants

-

-

-

-

-

-

-

82

0

-

-

-

Net change in account purchase agreement facility

-

-

454

-465

-465

91

2,420

-

1,001

-

-

-

Payments on account purchase agreement facility

-

-

-

-

-

-

-

5,150

-

-

-

-

Purchase of treasury stock

8,368

0

1,829

375

375

1,528

1,615

0

-

-

-

-

Net distributions

1,155

-7,016

-

-

-

-

-

-

-

-

-

-

Proceeds from the conversion of stock options

161

0

-

-

-

-

28

336

0

-

220

0

Costs of common stock offering and registration

-

-

-

-

-

-

-

-

-

-

-

-15

Net cash provided by (used in) financing activities

-11,874

-4,212

-2,283

90

90

-2,037

-4,007

-4,732

-1,001

2,779

593

-967

Net increase (decrease) in cash

2,896

1,015

222

4,734

4,734

-4,582

-970

2,779

4,187

501

-535

1,597

Cash, beginning of period

-

-

-

-

-

-

-

-

-

1,131

-

-

Supplemental disclosure of non-cash investing and financing activities
Stock issued for acquistion

26,942

0

-

-

-

-

-

-

-

-

-

-

Notes received for the sale of branches

14,887

0

-

-

-

-

-

-

-

-

-

-

Accounts receivable received for the sale of branches

2,204

0

-

-

-

-

-

-

-

-

-

-

Payment on acquired debt

-

-

-

0

-

417

0

-

-

-

-

-

Purchase of vested stock options

-

-

240

-

0

-

-

-

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

806

0

-

-

-

Reserve on note receivable

-

-

-

-

-

-

175

0

-

-

-

-

Gain on sale of building

-

-

-

-

-

-

-

-

-

-

-

25

Common stock issued for services

-

-

62

-

0

-

-

-

-

-

-

156

Common stock issued for services

-

-

-

-

-

-

-

0

-

-

-

-

Common stock issued for services

-

-

-

-

-

-

-

-

-

-

-

1,500

Cashless exercise of stock options

-

-

-

-

-

-

32

0

-

-

-

-

Contingent obligations (see Note 5)

-

-

-

0

-

220

0

-

-

-

-

-

Common stock issued for subsidiary

-

-

-

-

-

-

-

-

-

390

0

-

Contingent consideration recorded in acquisition of subsidiary

-

-

-

-

-

-

-

-

-

851

-

-

Common shares issued for contigent consideration

-

-

-

-

-

-

-

-

-

70

-

-

Contingent consideration recorded in acquisition of subsidiary

-

-

-

-

-

-

-

-

-

-

0

-

Note payable issued for subsidiary

-

-

-

-

-

-

-

-

-

150

0

-

Shares to be issued for contingent consideration

-

-

-

-

-

-

-

-

322

0

-

-

Warrant liability reclassified to stockholders' equity

-

-

-

-

-

-

-

1,386

0

-

-

-

Equipment received in exchange for accounts receivable

-

-

-

-

-

-

-

-

-

45

0

-

Supplemental disclosure of cash flow information
Interest paid

559

0

3

11

11

25

-

-

-

-

-

-

Fair value of warrants issued in connection with debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

160

Line of credit settled with accounts receivable

-

-

-

-

-

-

-

-

-

-

-

2,915

Property and equipment financed

-

-

-

-

-

-

-

-

-

-

-

5

Interest paid

-

-

-

-

-

-

82

113

306

571

532

432

Income taxes paid

1,819

0

18

522

522

169

103

226

32

45

0

0

Restricted cash

-

-

-

-

-

-

0

25

-4

-21

0

-