DYNASIL CORP OF AMERICA DYSL Cash Flow

Dynasil corp of america (DYSL)

CashFlow / Quarterly

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10
Cash flows from operating activities:
Net income (loss)
-94,000	-268,000	72,000	-102,000	834,000	373,000	1,255,000	-872,000	-461,000	-212,000	-119,000	2,739,000	120,000	215,000	-70,000	69,000	-36,000	367,000	-127,000	-557,000	58,000	254,000	1,445,000	-	-366,361	-7,241,730	-379,342	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,757,194	-331,900	-585,010	370,338	-446,428	1,026,675	396,221	375,177
Adjustments to reconcile net income (loss) to net cash:
Stock compensation expense
83,000	89,000	112,000	78,000	106,000	121,000	137,000	93,000	113,000	116,000	138,000	89,000	106,000	330,000	143,000	119,000	161,000	141,000	92,000	65,000	164,000	119,000	120,000	117,041	90,514	136,612	73,516	255,979	243,057	237,148	199,212	66,388	190,090	118,435	188,530
Foreign exchange loss (gain)
-18,000	-18,000	10,000	-18,000	-4,000	-46,000	26,000	7,000	30,000	36,000	-6,000	-41,000	21,000	-103,000	-35,000	-26,000	-84,000	-81,000	72,000	23,000	-16,000	-7,000	-7,000	-28,659	2,251	57,673	-26,398	-92,415	19,146	-5,610	48,277	-	-	-	-
Depreciation and amortization
364,000	363,000	355,000	338,000	330,000	317,000	311,000	299,000	312,000	302,000	313,000	311,000	328,000	287,000	327,000	325,000	298,000	312,000	293,000	293,000	274,000	269,000	266,000	267,050	459,226	443,717	426,458	534,753	391,773	363,073	380,120	242,330	368,331	294,816	327,596
Provision for doubtful accounts and sales returns
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-55,852	60,970	16,134	-12,512	21,138	1,350
Inventory reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Deferred income taxes
77,000	69,000	198,000	-62,000	-1,191,000	186,000	-1,243,000	533,000	98,000	-120,000	75,000	-2,730,000	28,000	10,000	43,000	-24,000	-	-	-	-	-	-	-	-	-	-	-	414,483	-9,595	-115,241	-122,727	629,175	-500,804	21,662	-21,562
Disposal loss (gain)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-7,000	0	185,000	30,000	0	1,187,000	0	0	0	87,803	0	0	0	0	-	-	-	-
Non-cash R&D services
-	-	0	0	-	-	37,000	163,000	68,000	33,000	167,000	38,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,887	9,978	19,956	9,978	-	-	-	-
Pension expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	318,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Provision for inventory reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-33,000	-20,000	-4,000	-10,000	5,000	56,000	-6,000	-44,000	-45,000	-19,000	-14,000	-35,000	-195,000	-47,000	-50,000	-34,000	-99,000	-90,000	-55,000	35,000	-6,000	-62,000	-12,000	-	-44,216	177,662	-28,707	-	-	-	-	-	-	-	-
Other changes in assets and liabilities:
Accounts receivable, net
-1,169,000	1,441,000	447,000	-567,000	426,000	-449,000	478,000	333,000	-17,000	78,000	-526,000	374,000	-1,489,000	209,000	450,000	1,101,000	74,000	82,000	-39,000	79,000	518,000	152,000	-600,000	-326,003	-394,202	-495,560	-607,217	357,258	-705,196	808,317	1,647,098	40,554	-1,606,752	578,370	490,491
Contract assets
-1,085,000	1,131,000	47,000	-10,000	253,000	-253,000	88,000	-88,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract assets
-	-	-	17,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
202,000	66,000	-6,000	443,000	-369,000	-126,000	81,000	198,000	202,000	76,000	52,000	280,000	-10,000	27,000	845,000	218,000	-165,000	516,000	26,000	-12,000	-40,000	308,000	224,000	-182,072	-309,219	36,808	322,298	151,761	141,887	113,151	-272,350	175,779	-290,651	61,595	206,597
Costs in excess of billings and unbilled receivables
-	-	-	-	-	-	-	-	-	-303,000	79,000	249,000	42,000	187,000	-150,000	231,000	-247,000	-34,000	54,000	-56,000	449,000	375,000	-755,000	21,089	196,778	186,362	-205,749	317,872	255,763	363,604	184,105	-408,240	-558,110	1,018,834	-325,567
Prepaid expenses and other assets
107,000	-125,000	41,000	139,000	-160,000	147,000	-138,000	-51,000	-55,000	75,000	-74,000	-189,000	-100,000	-58,000	118,000	32,000	-143,000	339,000	-319,000	469,000	12,000	-120,000	219,000	-128,669	-56,831	7,758	76,842	111,030	182,178	157,188	124,256	108,576	39,578	40,871	-13,111
Accounts payable
-42,000	340,000	537,000	-674,000	437,000	199,000	-163,000	-483,000	945,000	213,000	-311,000	-99,000	-102,000	-870,000	762,000	34,000	420,000	-224,000	468,000	-360,000	-46,000	240,000	-9,000	-570,342	93,886	-287,058	399,184	-734,484	1,099,770	457,849	-484,930	-	-	-	-
Accrued expenses and other liabilities
329,000	206,000	138,000	-473,000	240,000	-68,000	359,000	-236,000	262,000	62,000	248,000	-790,000	211,000	-47,000	507,000	-303,000	-159,000	543,000	-91,000	-438,000	-818,000	609,000	274,000	734,433	258,075	-110,984	-852,463	873,816	-388,087	77,761	-92,853	-	-	-	-
Contract liabilities
-	-	-	-95,000	-	-	-	-95,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	11,000	-142,000	2,000	10,000	-8,000	-9,000	136,000	-18,000	99,000	4,000	-76,000	-62,000	-153,000	-167,000	-18,824	-198,236	-102,177	140,355	431,730	0	0	262,942	-	-	-	-
Net cash from operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	64,000	231,000	-698,000	973,000	445,000	1,008,000	-1,590,000	-479,000	1,442,000	163,000	-	1,336,099	3,473	-222,662	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-712,403
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-69,569
Net cash from operating activities
1,443,000	-429,000	-538,000	-984,000	1,035,000	1,319,000	728,000	-953,000	1,196,000	-144,000	1,016,000	-580,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,996	1,738,697	-327,513	-780,126	672,617	1,715,251	2,425,203	-920,425
Cash flows from investing activities:
Proceeds from sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	244,000	0	0	4,357,000	0	0	0	80,252	0	0	0	0	-	-	-	-
Purchases of property, plant and equipment
214,000	118,000	357,000	204,000	456,000	783,000	396,000	609,000	458,000	227,000	137,000	91,000	247,000	336,000	328,000	603,000	563,000	291,000	212,000	244,000	340,000	408,000	131,000	122,325	206,898	-99,889	315,568	254,185	76,700	281,987	405,341	248,919	596,239	573,980	124,124
Purchases of intangibles
-	-	0	0	8,000	20,000	29,000	16,000	-9,000	14,000	44,000	20,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-360,000	-379,000	-603,000	-563,000	-291,000	-212,000	0	-840,000	-408,000	4,226,000	-	-206,898	99,889	-235,316	-	-	-	-	-	-	-	-
Net cash from investing activities
-214,000	-118,000	-357,000	-204,000	-464,000	-803,000	-425,000	-625,000	-446,000	-241,000	-181,000	-111,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-254,185	-76,700	-281,987	-405,341	-248,919	-896,239	-573,980	-124,124
Cash flows from financing activities:
Proceeds from issuance of common stock
0	4,000	5,000	5,000	4,000	5,000	4,000	4,000	4,000	5,000	4,000	4,000	5,000	4,000	3,000	4,000	3,000	3,000	3,000	3,000	4,000	3,000	4,000	4,511	4,810	5,578	6,110	12,518	18,903	16,568	15,133	11,813	12,984	27,346	83,159
Proceeds from (payments of) bank and subordinated debt, net
-	224,000	188,000	172,000	-	52,000	136,000	141,000	-	136,000	135,000	219,000	-	110,000	51,000	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	-	-	0	-	-	-	-	-	-	-	-
Net proceeds from issuance of convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	450,000	0	0	390,000	315,000	298,000	-18,000	18,000	427,000	5,000	378,000	-	0	0	0	-	-	-	-	-	-	-	-
Principal payments on capital leases
11,000	8,000	7,000	14,000	21,000	22,000	24,000	26,000	26,000	25,000	27,000	28,000	17,000	32,000	23,000	46,000	37,000	37,000	40,000	33,000	32,000	34,000	30,000	26,600	28,741	21,056	0	-	-	-	-	-	-	-	-
Proceeds from (payments of) equipment line of credit, net
0	0	244,000	240,000	461,000	0	0	281,000	0	0	0	0	-104,000	-86,000	-63,000	798,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-224,000	-134,000	1,121,000	-2,560,000	100,000	-74,000	269,000	980,000	-351,000	-4,038,000	-	-488,216	-479,764	-466,477	-	-	-	-	-	-	-	-
Proceeds from short and long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	300,000	2,566,000	141,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,042,000	164,000	19,000	19,000	1,985,000	467,000	4,389,000	764,286	464,285	464,286	472,587	428,097	483,579	473,843	475,159	463,838	465,034	465,035	465,036
Preferred stock dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	33,395	46,375
Net cash from financing activities
-1,471,000	733,000	54,000	59,000	240,000	-69,000	-156,000	118,000	-153,000	-156,000	-158,000	-243,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	670,275	-464,676	-457,275	-460,026	-452,025	-452,050	-471,084	-428,252
Effect of exchange rates on cash and cash equivalents
-	-	26,000	-33,000	-	-	22,000	6,000	28,000	32,000	-2,000	-49,000	-38,000	-62,000	-5,000	-14,000	-33,000	23,000	-25,000	-17,000	-42,000	27,000	-32,000	-17,113	4,479	37,403	-18,525	-49,518	-80,745	199,087	-96,923	-136,230	-52,226	325,333	-14,976
Net change in cash and cash equivalents
-	-	-815,000	-1,162,000	-	-	169,000	-1,454,000	625,000	-509,000	675,000	-983,000	2,375,000	-582,000	-287,000	-194,000	-2,183,000	277,000	697,000	-1,338,000	-381,000	710,000	319,000	-341,537	645,464	-338,999	-942,980	428,568	1,116,576	-867,688	-1,742,416	-164,557	314,736	1,705,472	-1,487,777
Cash paid (received) during the year for: Interest
-	49,000	38,000	45,000	-	32,000	40,000	37,000	-	44,000	45,000	47,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid (received) during the year for: Tax payments (refunds)
-	0	10,000	-15,000	-	2,000	1,000	4,000	-	0	3,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets purchased under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	106,000	0	134,000	-	0	0	73,000	0	-67,000	67,000	-	46,273	386,680	0	-	-	-	-	-	-	-	-
Recapitalization of Xcede - conversion of non controlling notes payable to preferred stock
-	-	-	-	-	-	-	-	-	0	-6,207,000	3,104,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subsidiary stock options issued to settle liabilities
-	-	-	-	-	-	-	-	-	0	-7,000	82,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subsidiary debt issued to fund research activities
-	-	-	-	-	-	-	-	-	0	0	500,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-