| 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 | |||||||||
-1,129 | -17,325 | -12,589 | -7,266 | -5,987 | -2,801 | -943 | -2,526 | -48 | -7,015 |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||
Net income - noncontrolling interest in discontinued operations | |||||||||
- | - | - | - | - | - | - | - | 67 | -444 |
Depreciation | |||||||||
724 | 1,103 | 1,009 | 925 | 854 | 786 | 555 | 579 | 520 | 432 |
Amortization of intangibles | |||||||||
1,637 | 1,902 | 1,841 | 1,923 | 2,355 | 3,656 | 2,724 | 150 | 249 | - |
Amortization of note receivable discount | |||||||||
70 | - | - | - | - | - | - | - | - | - |
Allowance for bad debt expense and returns allowance | |||||||||
- | - | - | - | - | - | - | - | 82 | - |
Amortization of investment premiums and discounts | |||||||||
- | - | - | - | -15 | -75 | -23 | 0 | - | - |
Non-cash Royalties, net (see Note 2 - Investment and note receivable) | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Non-cash interest expense, including amortization of debt offering costs | |||||||||
- | - | - | - | - | - | 43 | 73 | - | - |
Stock issued and stock to be issued for compensation, royalties and services | |||||||||
215 | 229 | 425 | 734 | 1,267 | 1,686 | 542 | 1,190 | 227 | 144 |
Unrealized gain on derivative liability | |||||||||
- | 129 | 111 | 113 | 20 | -172 | -428 | 0 | - | - |
Derivative expense | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Non-cash interest expense, including amortization of debt offering costs | |||||||||
- | - | - | - | - | - | - | - | 334 | - |
Non-cash interest expense, including amortization of debt offering costs | |||||||||
- | - | - | - | - | - | - | - | - | 3,859 |
Non-cash loss on equity method investment in VPS | |||||||||
-1,043 | - | - | - | 53 | 49 | 25 | 59 | 41 | 78 |
Non-cash fair value gain on equity method investment purchase | |||||||||
629 | - | - | - | - | - | - | - | - | - |
Non-cash royalties, net (see Note 2 - Investment and Note Receivable) | |||||||||
-5 | 7 | 3 | -19 | 0 | - | - | - | - | - |
Bad debt expense | |||||||||
- | - | - | - | - | - | - | - | - | 64 |
Allowance for bad debt expense and returns allowance | |||||||||
- | - | - | - | - | - | - | 65 | - | - |
Provision for bad debt expense | |||||||||
136 | 33 | -13 | 93 | 192 | -91 | 302 | - | - | - |
Deferred income taxes | |||||||||
-2,574 | -352 | -1,767 | - | - | - | - | - | - | - |
Impairment of goodwill and other intangible assets | |||||||||
278 | 4,347 | 3,155 | - | - | - | - | - | - | - |
Credit to warranty reserve | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Deferred income taxes | |||||||||
- | - | - | -107 | -534 | -674 | -816 | 0 | 0 | - |
Inventory reserve | |||||||||
- | - | - | - | - | - | - | - | - | 64 |
Impairment of intangible, trademark and tradename V-Infinity | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Inventory reserve | |||||||||
79 | 1,592 | 138 | 312 | 94 | -148 | -28 | 10 | 75 | - |
Non-cash unrealized foreign currency losses (gains) | |||||||||
422 | -246 | 362 | -172 | -219 | - | - | - | - | - |
Impairment of deposits and other assets | |||||||||
- | 1,509 | - | - | - | - | - | - | - | - |
Loss on disposal of assets | |||||||||
-31 | -13 | -47 | - | - | - | - | - | - | - |
Gain on sale of businesses | |||||||||
14,100 | - | - | - | - | - | - | - | - | - |
Impairment of intangible assets | |||||||||
- | - | - | - | - | 32 | 0 | - | - | - |
(Gain) on sale of technology rights | |||||||||
- | - | - | - | - | - | - | - | 143 | - |
Impairment of deposits and other assets | |||||||||
- | - | - | - | 4 | - | 502 | 0 | 0 | - |
Loss on disposal of assets | |||||||||
- | - | - | -57 | -54 | -26 | -10 | 0 | -1 | -6 |
Other, net | |||||||||
- | - | - | - | -5 | 0 | 0 | - | - | - |
(Increase) decrease in operating assets: | |||||||||
Amortization | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Trade accounts receivable | |||||||||
-1,510 | 3,841 | 1,150 | -4,432 | 3,323 | 1,378 | -1,628 | 1,337 | -107 | 705 |
Other accounts receivable | |||||||||
- | - | - | - | - | - | - | - | - | 8 |
Other accounts receivable, related party | |||||||||
- | - | - | - | - | - | - | - | - | 13 |
Inventories | |||||||||
119 | 2,235 | 411 | 1,672 | 3,708 | -210 | 1,733 | 1,290 | -96 | 1,092 |
Contract assets | |||||||||
512 | 61 | -591 | 1,454 | - | - | - | - | - | - |
Costs in excess of billings | |||||||||
- | - | - | - | 1,612 | 1,347 | 177 | 0 | 0 | - |
Prepaid expenses and other current assets | |||||||||
-121 | 392 | 421 | -105 | 856 | 971 | 229 | -285 | 335 | -23 |
Right of use assets - Operating leases | |||||||||
-1,825 | - | - | - | - | - | - | - | - | - |
Right of use assets - operating leases | |||||||||
-1,825 | - | - | - | - | - | - | - | - | - |
Deposits and other assets | |||||||||
-31 | 59 | 506 | 25 | -68 | -19 | 14 | -80 | 29 | - |
Deposits and other assets | |||||||||
- | - | - | - | - | - | - | - | - | 28 |
Increase (decrease) in operating liabilities: | |||||||||
Accounts payable | |||||||||
1,708 | 1,436 | -1,163 | 495 | 2,050 | -237 | -7 | 382 | 356 | 219 |
Operating lease liabilities | |||||||||
-1,755 | - | - | - | - | - | - | - | - | - |
Accrued expenses | |||||||||
2,189 | 1,116 | -464 | -518 | 1,847 | 353 | -2,544 | 12 | -391 | 1,023 |
Refund liabilities | |||||||||
-1,339 | 852 | 130 | -30 | - | - | - | - | - | - |
Contingent consideration | |||||||||
- | - | 3 | -54 | 0 | 0 | - | - | - | - |
Contract liabilities | |||||||||
-401 | -2,260 | 2,252 | 1,371 | - | - | - | - | - | - |
Accrued compensation | |||||||||
- | - | - | - | - | - | - | - | -272 | 163 |
Accrued taxes payable | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Unearned revenue | |||||||||
- | - | - | - | 2,204 | 505 | 837 | 300 | 0 | -14 |
Billings in excess of costs | |||||||||
- | - | - | - | -1,307 | -2,938 | 598 | 0 | 0 | - |
NET CASH USED IN OPERATING ACTIVITIES | |||||||||
- | - | - | - | - | -3,114 | 1,676 | -1,803 | 860 | 416 |
NET CASH USED IN OPERATING ACTIVITIES | |||||||||
-11,518 | -12,283 | -9,369 | -601 | -6,182 | - | - | - | - | - |
NET CASH PROVIDED BY DISCONTINUED OPERATING ACTIVITIES | |||||||||
- | - | - | - | - | - | - | - | 22 | 78 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Proceeds from sale of businesses | |||||||||
35,396 | - | - | - | - | - | - | - | - | - |
Proceeds from sale of building, net | |||||||||
- | 7,720 | - | - | - | - | - | - | - | - |
Proceeds from sale of restricted investment | |||||||||
400 | - | - | - | - | - | - | - | - | - |
Cash paid for restricted investment | |||||||||
- | 400 | - | - | - | - | - | - | - | - |
Acquisition of a business, net of contingent consideration (Note 4) | |||||||||
- | - | - | - | 4,285 | 0 | 17,710 | 0 | 0 | - |
Deposits for property and equipment | |||||||||
- | - | - | - | - | 62 | 0 | 0 | - | - |
Proceeds from sales of technology rights | |||||||||
- | - | - | - | - | - | - | - | 425 | - |
Purchases of property and equipment | |||||||||
321 | 1,042 | 893 | 824 | 5,045 | 953 | 2,137 | 685 | 422 | 352 |
Proceeds from sale of property and equipment | |||||||||
21 | - | 8 | 27 | 17 | 0 | 0 | - | - | - |
Cash paid for other intangible assets | |||||||||
353 | 492 | 638 | 850 | 128 | 167 | 801 | 80 | 44 | - |
Cash paid for convertible notes receivable | |||||||||
- | 655 | - | - | - | - | - | - | - | - |
Cash paid for equity-method Investment | |||||||||
2,068 | - | - | - | - | - | - | - | - | - |
Maturities of short term investments held to maturity | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Proceeds from Notes receivable | |||||||||
313 | 19 | 39 | - | 0 | - | - | 46 | 63 | 60 |
Purchase of short term investments held to maturity | |||||||||
- | - | - | - | - | 12,767 | 15,390 | 0 | 0 | - |
Maturities of short term investments held to maturity | |||||||||
- | - | - | - | 11,145 | 12,401 | 4,499 | - | - | - |
Proceeds from notes receivable | |||||||||
- | - | - | - | - | - | 33 | - | - | - |
Receipts from deferred property grant | |||||||||
- | - | - | - | 425 | 0 | 0 | - | - | - |
NET CASH USED IN INVESTING ACTIVITIES | |||||||||
33,388 | 5,150 | -1,484 | -1,647 | 2,129 | - | - | - | - | - |
NET CASH PROVIDED BY DISCONTINUED INVESTING ACTIVITIES | |||||||||
- | - | - | - | - | - | - | - | 195 | -36 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Proceeds from overdraft facility | |||||||||
6,842 | 19,532 | 9,782 | - | 0 | - | - | - | - | - |
Payments on overdraft facility | |||||||||
8,208 | 18,122 | 9,782 | - | 0 | - | - | - | - | - |
NET CASH USED IN INVESTING ACTIVITIES | |||||||||
- | - | - | - | - | -1,548 | -31,506 | -718 | 21 | -369 |
Proceeds from line of credit | |||||||||
27,483 | 19,955 | 22,332 | - | 0 | - | - | - | - | - |
Payments on line of credit | |||||||||
28,462 | 18,976 | 22,332 | - | 0 | - | - | - | - | - |
Payments on financing lease obligations | |||||||||
4 | 3 | 29 | - | - | - | - | - | - | - |
Payments on capital lease obligations | |||||||||
- | - | - | 41 | 32 | 108 | 68 | 0 | 0 | - |
Payments on mortgage note payable | |||||||||
- | 3,350 | 89 | 85 | 81 | 77 | 13 | 4,000 | 481 | - |
Payments on notes payable | |||||||||
303 | - | - | - | - | - | - | - | - | - |
Cash payments for repurchases of common stock | |||||||||
413 | - | - | - | - | - | - | - | - | - |
Payment to closeout derivative liability | |||||||||
- | 227 | - | - | - | - | - | - | - | - |
Payments on convertible notes payable, related party | |||||||||
- | - | - | - | - | - | - | 35 | - | - |
Proceeds from (payments to) convertible notes payable, related party | |||||||||
- | - | - | - | - | - | - | - | -35 | - |
Proceeds from (payments to) demand notes payable, net of debt offering costs | |||||||||
- | - | - | - | - | - | - | - | - | -772 |
Proceeds from (payments to) notes and loans payable | |||||||||
- | - | - | - | - | - | - | - | - | -2,289 |
Payments on contingent consideration | |||||||||
- | 45 | 61 | 59 | 0 | 0 | 2,000 | 3,000 | 300 | 1,077 |
Proceeds from conversion of debt to non-controlling interest | |||||||||
- | - | - | - | - | - | - | - | - | 66 |
Proceeds from sales of common stock, net of offering costs | |||||||||
- | - | 18,905 | - | 0 | - | 45,135 | 13,532 | 50 | 3,450 |
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | |||||||||
-3,065 | -1,236 | 18,726 | -185 | -113 | - | - | - | - | - |
Effect of exchange rate changes on cash | |||||||||
44 | 225 | 156 | -217 | - | - | - | - | - | - |
Net decrease in cash, cash equivalents and restricted cash | |||||||||
18,849 | -8,144 | 8,029 | -2,650 | - | - | - | - | - | - |
NET CASH (USED IN) DISCONTINUED FINANCING ACTIVITIES | |||||||||
- | - | - | - | - | - | - | - | -648 | 537 |
Effect of exchange rate changes on cash | |||||||||
- | - | - | - | -271 | - | - | - | 68 | -22 |
Payments on demand notes payable | |||||||||
- | - | - | - | - | - | -459 | -1,069 | -20 | - |
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | |||||||||
- | - | - | - | - | -185 | 42,595 | 5,427 | -717 | -622 |
Effect of exchange rate changes on cash | |||||||||
- | - | - | - | - | -25 | 771 | -42 | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||
- | - | - | - | -4,437 | -4,872 | 13,536 | 2,863 | -197 | -17 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||||||||
Income taxes paid | |||||||||
153 | 237 | 158 | 211 | 44 | 374 | 426 | 72 | 39 | - |
Interest paid, net of capitalized interest | |||||||||
315 | 520 | 500 | 469 | 440 | - | - | - | - | - |
Interest paid, net of capitalized interest | |||||||||
- | - | - | - | - | 509 | 425 | 597 | 917 | 966 |
Impairment of intangible, trademark and tradename V-Infinity | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||||||||
Non-cash item for January 1, 2019 adoption of ASC 842 - establishment of right-of-use assets and offsetting lease obligations | |||||||||
7,703 | - | - | - | - | - | - | - | - | - |
Note payable, related party assumed by buyer of electromechanical business as partial consideration for purchase of business | |||||||||
5,304 | - | - | - | - | - | - | - | - | - |
Non-cash investment in equity method investment - see note 7 | |||||||||
3,839 | - | - | - | - | - | - | - | - | - |
Common stock issued and to be issued for royalties payable pursuant to product agreements | |||||||||
30 | 14 | 16 | 38 | 22 | 13 | 25 | 6 | - | - |
Contingent consideration recorded in acquisition | |||||||||
- | - | - | - | 216 | 0 | 0 | - | - | - |
Conversion of preferred stock to common stock | |||||||||
- | - | - | - | - | - | - | 0 | 0 | - |
Common stock issued and to be issued for consulting services and compensation in common stock | |||||||||
178 | 358 | 439 | 270 | 741 | 1,019 | 107 | 957 | - | - |
Exchange of investment in TPI in return for note receivable (Note 2) | |||||||||
- | - | - | 385 | 0 | 0 | - | - | - | - |
Accrued property and equipment purchases at March 31 | |||||||||
8 | 8 | 27 | 45 | 99 | 9 | - | - | - | - |
Accrued investment in other intangible assets at March 31 | |||||||||
3 | 55 | 15 | 48 | 50 | 0 | - | - | - | - |
Payment of insurance policy with short-term note payable | |||||||||
776 | - | - | - | - | - | - | - | - | - |
Deposits for property and equipment purchases in accounts payable at December 31 | |||||||||
- | - | - | - | - | 62 | 0 | 0 | - | - |
Common stock issued and issuable for consulting services and compensation and accrued liabilities payable in common stock | |||||||||
- | - | - | - | - | - | - | - | 61 | - |
Assets acquired via capital leases | |||||||||
- | - | - | 19 | 0 | 75 | 76 | 0 | - | - |
Mortgage note payable assumed for the acquisition of real estate | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Royalties paid in common stock, related party | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Conversion of accrued liabilities to common stock | |||||||||
- | - | - | - | - | 39 | 0 | 5 | 0 | - |
Mortgage note payable assumed for the acquisition of real estate | |||||||||
- | - | - | - | - | - | 3,694 | 0 | - | - |
Discount on debt for intrinsic value of convertible notes payable | |||||||||
- | - | - | - | - | - | - | - | - | 3,143 |
Amortization of debt offering costs | |||||||||
- | - | - | - | - | - | - | - | - | 716 |
Conversion of debt to common stock | |||||||||
- | - | - | - | - | - | - | - | - | 1,620 |
Conversion of accrued liabilities to common stock | |||||||||
- | - | - | - | - | - | - | - | - | 242 |
Common stock issued and issuable for consulting services, compensation and accrued liabilities payable in common stock | |||||||||
- | - | - | - | - | - | - | - | - | 70 |