| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net (loss) income | |||||||||
14,890 | 1,893 | -442 | 5,009 | 1,316 | 1,336 | 1,347 | -2,381 | -2,591 | -1,569 |
Adjustments to reconcile net (loss) income to net cash (used for) provided by operating activities: | |||||||||
Stock compensation expense for options and warrants granted to employees and consultants | |||||||||
- | - | - | - | - | - | - | 391 | 303 | 363 |
Fair value of restricted stock granted for marketing services | |||||||||
- | - | - | - | - | - | 190 | 349 | 81 | 0 |
Stock compensation for restricted stock units granted to employees and directors | |||||||||
1,280 | 717 | 255 | 0 | 101 | 30 | - | - | - | - |
Loss on disposition of property and equipment | |||||||||
-2 | -4 | - | - | - | - | - | - | - | - |
Change in valuation of contingent earn-out | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Loss on disposition of fixed assets | |||||||||
- | - | 0 | - | - | - | - | - | - | - |
Note payable issued in consideration of severance pay | |||||||||
0 | -343 | 0 | - | - | - | - | - | - | - |
Change in valuation of contingent earn-out | |||||||||
178 | -438 | 1,394 | - | - | - | - | - | - | - |
Depreciation | |||||||||
- | - | - | - | - | - | - | 117 | 125 | 250 |
Fair value of warrants issued for marketing services | |||||||||
- | - | - | - | - | - | - | 25 | - | - |
Fair value of common stock issued for consulting services | |||||||||
- | - | - | - | - | - | - | 105 | - | - |
Change in fair value of derivative liabilities | |||||||||
- | - | - | - | - | - | - | -279 | 62 | 0 |
Interest expense related to accretion of debt discount costs | |||||||||
- | - | - | - | 30 | 91 | 141 | 141 | 58 | - |
Interest expense related to amortization of loan acquisition costs | |||||||||
- | - | - | - | - | 51 | 107 | 128 | 36 | - |
Loss on disposition of property and equipment | |||||||||
- | - | - | - | -3 | - | - | - | - | - |
Change in net deferred tax assets | |||||||||
-309 | -974 | 2,162 | -5,282 | - | - | - | - | - | - |
Depreciation | |||||||||
182 | 348 | - | - | - | - | - | - | - | - |
Depreciation | |||||||||
- | - | 383 | 211 | 155 | 107 | 123 | - | - | - |
Amortization of acquisition-related intangibles | |||||||||
1,890 | 1,810 | 2,080 | 541 | 483 | 105 | - | - | - | - |
Impairment of intangible assets | |||||||||
614 | 0 | 180 | 2,633 | - | - | - | - | - | - |
Bad debt expense | |||||||||
0 | 109 | 109 | 0 | 22 | - | - | - | - | - |
Stock compensation expense for equity awards granted to employees and directors | |||||||||
142 | 36 | 78 | 226 | 277 | 280 | 576 | - | - | - |
Interest expense related to loan acquisition costs | |||||||||
85 | 25 | 0 | - | - | - | - | - | - | - |
Gain on sale of discontinued operations before income taxes | |||||||||
23,689 | 0 | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Interest expense related to accretion of debt discount costs | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Interest expense related to amortization of loan acquisition costs | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Accounts receivable | |||||||||
-1,818 | -2,457 | 2,032 | 2,216 | 431 | 2,579 | -836 | 2,660 | -872 | 237 |
Supplies | |||||||||
-75 | 28 | 68 | -371 | 392 | 98 | -92 | 407 | 35 | -150 |
Prepaid and other current assets | |||||||||
-527 | 2,107 | -227 | -187 | 395 | -118 | 280 | -22 | 256 | - |
Deposits | |||||||||
-15 | 0 | 45 | -16 | 20 | - | -1 | 8 | - | - |
Prepaid and other current assets | |||||||||
- | - | - | - | - | - | - | - | - | -238 |
Deposits | |||||||||
- | - | - | - | - | - | - | - | - | 15 |
Accounts payable and accrued expenses | |||||||||
1,841 | -221 | -2,513 | -570 | 43 | 2,266 | -522 | 2,822 | 218 | 1,291 |
Income taxes payable | |||||||||
504 | 0 | - | - | - | - | - | - | - | - |
Accrued compensation and benefits | |||||||||
-2,044 | -893 | 180 | -361 | 1,291 | -128 | -2 | 526 | 259 | 217 |
Deferred revenue | |||||||||
101 | 380 | -515 | -350 | -39 | -100 | -34 | 520 | 125 | -93 |
Net cash (used for) provided by operating activities | |||||||||
-1,630 | 6,290 | 1,433 | 417 | 2,445 | 1,480 | 2,578 | -29 | -2,023 | 414 |
Cash flows used for investing activities: | |||||||||
Proceeds from sale of net assets of discontinued operations | |||||||||
26,303 | 0 | - | - | - | - | - | - | - | - |
Purchases of property and equipment | |||||||||
194 | 156 | 286 | 205 | 214 | 94 | 11 | 29 | 24 | -88 |
Amount paid to purchase Backbone Enterprises, Inc., net of cash received | |||||||||
5,765 | 0 | 13,448 | 0 | 1,876 | - | - | - | - | - |
Purchase of Delphiis, Inc. net of cash acquired | |||||||||
- | - | - | - | - | 995 | - | - | - | - |
Net cash (used for) provided by investing activities | |||||||||
20,344 | -156 | -13,734 | -205 | -2,091 | -1,089 | -11 | -29 | -24 | -88 |
Cash flows from financing activities: | |||||||||
Net repayments on line of credit agreement | |||||||||
- | - | - | - | 200 | 200 | 128 | - | - | - |
Proceeds from term loan | |||||||||
0 | 17,250 | 14,000 | 0 | 2,000 | - | - | - | - | - |
Payments on term loan | |||||||||
15,401 | 13,666 | 3,431 | 500 | 250 | - | - | - | - | - |
Proceeds from issuance of common stock through warrants | |||||||||
- | - | - | - | - | - | - | - | - | 161 |
Payments on promissory notes to related parties | |||||||||
4,656 | 7,171 | 0 | - | 105 | 100 | - | - | - | - |
Loan acquisition fees paid | |||||||||
0 | 111 | 0 | - | - | - | - | - | - | - |
Proceeds from convertible notes payable | |||||||||
- | - | - | - | - | - | - | - | 1,850 | 0 |
Loan acquisition fees paid | |||||||||
- | - | - | - | - | - | - | 24 | 171 | - |
Acquisition fees paid for convertible notes payable | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Payments on capital leases | |||||||||
22 | 115 | 172 | 118 | 104 | 81 | 95 | 85 | 48 | -19 |
Net repayments on line of credit agreement | |||||||||
- | - | - | - | - | - | - | 528 | - | - |
Proceeds from issuance of common stock through stock options and warrants | |||||||||
123 | 0 | 66 | 60 | - | 65 | - | - | - | - |
Proceeds from exercise of options and warrants | |||||||||
- | - | - | - | - | - | 134 | 0 | - | - |
Net cash used for financing activities | |||||||||
-19,956 | -3,814 | 10,462 | -558 | 1,339 | -316 | -89 | 418 | 1,629 | 142 |
Net increase in cash and cash equivalents | |||||||||
-1,242 | 2,319 | -1,838 | -345 | 1,693 | 74 | 2,477 | 358 | -417 | 468 |
Supplemental disclosure of cash flow information: | |||||||||
Interest paid | |||||||||
797 | 1,504 | 1,285 | - | - | - | - | - | - | - |
Income taxes (refunded) | |||||||||
2,118 | 366 | 517 | - | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | 91 | 97 | 116 | - | - | - | - |
Income taxes paid | |||||||||
- | - | - | 220 | 158 | 102 | - | - | - | - |
Non-cash investing and financing activities: | |||||||||
Property and equipment acquired through capital leases | |||||||||
0 | 10 | 128 | 200 | 223 | 68 | - | - | - | - |
Disposition of fully depreciated property and equipment | |||||||||
0 | 651 | 0 | - | - | - | - | - | - | - |
Conversion of convertible note payable | |||||||||
- | - | - | - | - | 1,700 | - | - | - | - |
Warrants issued as loan acquisition costs related to convertible note payable | |||||||||
- | - | - | - | - | - | - | - | - | 90 |
Common stock issued in connection with the acquisition of Backbone Enterprises, Inc. | |||||||||
1,365 | 0 | 2,771 | 0 | 257 | - | - | - | - | - |
Promissory notes issued in connection with the acquisition of CTEK Security, Inc. | |||||||||
- | - | 9,000 | 0 | - | - | - | - | - | - |
Fair value of earnout liability in connection with the acquisition of Backbone Enterprises, Inc. | |||||||||
2,400 | 0 | 2,356 | 0 | - | - | - | - | - | - |
Common stock issued in connection with the acquisition of Redspin | |||||||||
- | - | - | - | 469 | - | - | - | - | - |
Common stock issued for acquisition of Delphiis, Inc. | |||||||||
- | - | - | - | - | 1,012 | - | - | - | - |