| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Net income | |||||||||
2,211 | 5,767 | -3,608 | 5,015 | -25,209 | 7,736 | 11,011 | 7,416 | 529 | 3,946 |
Adjustments to reconcile net income to net cash used in operating activities: | |||||||||
Depreciation and amortization | |||||||||
710 | 616 | 661 | 854 | 763 | 704 | 623 | 591 | 386 | 338 |
Debt issuance costs | |||||||||
95 | 85 | 61 | - | - | - | - | - | - | - |
Deferred rent | |||||||||
70 | 30 | - | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||
671 | 895 | 524 | 524 | 467 | 379 | 382 | - | - | - |
Common stock issued as employee compensation | |||||||||
45 | 50 | 163 | 59 | 57 | - | - | - | - | - |
Deferred rent | |||||||||
- | - | 8 | 46 | 17 | - | - | - | - | - |
Deferred rent | |||||||||
- | - | - | - | - | 54 | 90 | 266 | 4 | -7 |
Loss on disposal of fixed asset | |||||||||
- | -21 | - | - | -1 | - | - | - | - | - |
Deferred income taxes | |||||||||
5,337 | 2,384 | - | - | - | - | - | - | - | - |
Adjustment for maturity of interest rate swap | |||||||||
-20 | - | - | - | - | - | - | - | - | - |
Tax benefit from stock option plans | |||||||||
- | - | - | 33 | 86 | 27 | 313 | - | - | - |
Bad debt expense | |||||||||
125 | 150 | 460 | 50 | 0 | 0 | - | - | - | - |
Common stock issued as employee compensation | |||||||||
- | - | - | - | - | 41 | 37 | 36 | 27 | - |
Loss on disposal of fixed asset | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Stock compensation | |||||||||
- | - | - | - | - | - | - | 985 | 553 | 483 |
Common stock issued as employee compensation | |||||||||
- | - | - | - | - | - | - | - | - | -21 |
Deferred income taxes | |||||||||
- | - | -2,077 | 2,659 | -3,790 | -107 | 11 | -103 | -265 | -367 |
Tax benefit (provision) from stock option plans | |||||||||
- | - | - | - | - | - | - | -438 | -304 | - |
Changes in operating assets and liabilities: | |||||||||
Tax benefit for stock options | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Bad debts | |||||||||
- | - | - | - | - | - | -50 | 75 | 0 | 0 |
Increase in accounts receivable | |||||||||
1,796 | -2,984 | 1,309 | 1,249 | 2,074 | -2,382 | 3,951 | -1,791 | 878 | 2,428 |
Increase in contract assets | |||||||||
2,174 | 11,580 | - | - | - | - | - | - | - | - |
Decrease in refundable income taxes | |||||||||
870 | - | 77 | -8,133 | 8,138 | 0 | - | - | - | - |
Decrease in other assets | |||||||||
- | - | - | - | - | -1,512 | - | 0 | - | - |
Increase in contract assets | |||||||||
- | - | -3,043 | 23,568 | -33,542 | 3,612 | 29,783 | - | - | - |
Increase in costs and estimated earnings in excess of billings on uncompleted contracts | |||||||||
- | - | - | - | - | - | - | 31,942 | 4,136 | 5,153 |
Decrease in prepaid expenses and other assets | |||||||||
51 | 257 | 1,013 | 237 | 219 | 183 | -240 | 8 | 125 | -168 |
Decrease in other assets | |||||||||
- | - | - | - | - | - | - | - | - | -60 |
Increase (decrease) in accounts payable and accrued expenses | |||||||||
-7,696 | 1,627 | -4,023 | 9,446 | 1,715 | -5,817 | 1,465 | 4,423 | 2,199 | 2,136 |
(Decrease) increase in contract liabilities | |||||||||
911 | -1,246 | - | - | - | - | - | - | - | - |
Decrease in billings in excess of costs and estimated earnings on uncompleted contracts | |||||||||
- | - | -60 | -18 | -82 | -380 | 540 | - | - | - |
Decrease in other liabilities | |||||||||
-10 | - | - | - | - | - | - | - | - | - |
(Decrease) increase in accrued losses on uncompleted contracts | |||||||||
- | - | 827 | 153 | 396 | 0 | - | - | - | - |
Decrease in billings in excess of costs and estimated earnings on uncompleted contracts | |||||||||
- | - | - | - | - | - | - | 97 | -10 | - |
Decrease in income taxes payable | |||||||||
5 | 103 | -183 | 220 | -730 | 582 | -2,383 | 3,105 | -1,930 | 1,461 |
Net cash used in operating activities | |||||||||
-2,535 | 1,572 | -6,600 | 2,057 | - | 3,267 | -22,077 | -13,701 | -3,959 | 674 |
Net cash used in operating activities | |||||||||
- | - | - | - | -3,367 | - | - | - | - | - |
Cash flows from investing activities: | |||||||||
Purchase of property and equipment | |||||||||
559 | 281 | 136 | 209 | 602 | 637 | 825 | 1,587 | 300 | 142 |
Proceeds from sale of fixed assets | |||||||||
- | 42 | - | - | - | - | - | - | - | - |
Purchase of WMI | |||||||||
-6,050 | - | - | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||
-6,609 | -239 | -136 | -209 | - | -637 | -825 | -1,587 | -300 | -142 |
Cash flows from financing activities: | |||||||||
Net cash used in investing activities | |||||||||
- | - | - | - | -602 | - | - | - | - | - |
Payments on line of credit | |||||||||
- | - | - | - | - | - | - | 0 | 2,200 | 800 |
Proceeds from exercise of stock options | |||||||||
- | - | - | 80 | 447 | 0 | 1,290 | - | - | - |
Proceeds from exercise of stock options | |||||||||
- | - | - | - | - | - | - | 455 | 1,101 | 0 |
Net proceeds from sale of common stock | |||||||||
16,166 | - | - | - | - | - | 13,323 | 0 | 3,529 | 0 |
Payments on long-term debt | |||||||||
6,500 | 4,100 | 30,400 | 9,650 | 4,700 | 13,100 | 4,000 | - | - | - |
Proceeds from line of credit | |||||||||
7,700 | 4,500 | 29,138 | 8,200 | 8,500 | 11,000 | 11,350 | 15,300 | 800 | 2,700 |
Payments on line of credit | |||||||||
3,314 | 1,341 | 1,710 | 1,013 | 1,024 | 1,101 | 2,042 | 849 | 676 | 631 |
Proceeds from long-term debt | |||||||||
- | - | 10,000 | - | 0 | - | - | - | - | - |
Stock offering costs paid | |||||||||
209 | - | 253 | - | 0 | - | - | - | - | - |
Proceeds from long-term debt | |||||||||
- | - | - | - | - | - | 4,500 | 0 | 0 | 0 |
Tax benefit from stock options | |||||||||
- | - | - | 33 | 86 | 27 | 313 | 438 | 304 | 0 |
Net cash provided by financing activities | |||||||||
- | - | - | - | 3,309 | - | - | - | - | - |
Net cash provided by financing activities | |||||||||
13,842 | -941 | 6,774 | -2,350 | - | -3,174 | 24,734 | 15,343 | 2,858 | 1,268 |
Net decrease in cash and restricted cash | |||||||||
4,697 | 391 | - | - | - | - | - | - | - | - |
Net decrease in cash | |||||||||
- | - | 37 | -502 | -661 | - | - | - | - | 1,800 |
Net increase (decrease) in cash | |||||||||
- | - | - | - | - | -543 | 1,831 | 54 | -1,401 | - |
Stock options proceeds paid with Companys stock | |||||||||
- | - | - | - | - | 303 | 355 | 159 | 288 | 151 |
Supplemental disclosures of cash flow information: | |||||||||
Settlement of other receivables | |||||||||
- | - | - | - | - | - | - | 30 | -60 | -60 |
Cashless exercise of stock options | |||||||||
- | 202 | 168 | - | - | -152 | 228 | 0 | -99 | -51 |
Cash paid during the period for: | |||||||||
Interest | |||||||||
2,134 | 1,578 | - | - | - | - | - | - | - | - |
Interest | |||||||||
- | - | 1,182 | 1,000 | 915 | 985 | 783 | 366 | 158 | -265 |
Income taxes | |||||||||
10 | 144 | 302 | 351 | 855 | 3,000 | 7,886 | 180 | 2,276 | -808 |
Noncash investing and financing activities: | |||||||||
Deferred tax benefit of interest rate swap liability | |||||||||
- | - | - | - | - | - | - | - | - | -16 |
Equipment acquired under financing lease | |||||||||
649 | 146 | 465 | 247 | 67 | 0 | 76 | 751 | -113 | -47 |