| 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 income | |||||||||
577 | -9,461 | -8,330 | -12,253 | -8,791 | -3,730 | -693 | 378 | 275 | - |
Adjustments to reconcile net income/(loss) to net cash provided by (used in) operating activities: | |||||||||
(Income) from discontinued operation before income taxes | |||||||||
- | - | - | - | 206 | 1,145 | 38 | - | - | - |
Net income (loss) | |||||||||
- | - | - | - | - | - | - | - | - | -470 |
Loss from discontinued operations | |||||||||
- | - | - | - | - | - | - | - | -4 | -481 |
Depreciation and impairment of lease merchandise | |||||||||
58,253 | 40,639 | 31,453 | 22,734 | 10,752 | 2,160 | 38 | 19 | 20 | 30 |
Impairment of lease merchandise | |||||||||
- | - | - | - | - | 527 | - | - | - | - |
Other depreciation and amortization | |||||||||
2,524 | 2,410 | 2,090 | 1,566 | 1,073 | 166 | 0 | - | - | - |
Amortization of patent costs | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Compensation expense related to issuance of stock options and warrants | |||||||||
723 | 133 | 113 | 136 | 78 | 439 | 49 | 31 | 3 | 4 |
Provision for doubtful accounts | |||||||||
34,838 | 23,239 | 19,135 | 13,281 | 5,647 | 1,380 | 0 | 62 | 11 | 25 |
Loss on extinguishment of debt | |||||||||
- | -126 | - | - | - | - | - | - | - | - |
Interest in kind added to promissory notes balance | |||||||||
73 | 64 | - | - | - | - | - | - | - | - |
Payment of interest in kind under credit agreement | |||||||||
170 | 248 | - | - | - | - | - | - | - | - |
Other | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
36,734 | 25,355 | 21,212 | 14,710 | 6,270 | 1,509 | 0 | - | - | - |
Decrease (increase) in retained interest in purchased accounts receivable | |||||||||
- | - | - | - | - | - | - | 751 | -1,298 | 2,431 |
Increase in due from client | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Decrease (increase) in earned but uncollected | |||||||||
- | - | - | - | - | - | - | 11 | -45 | 88 |
Prepaid expenses and other | |||||||||
352 | -6 | -32 | 124 | 124 | 61 | 50 | 30 | -29 | 17 |
Lease merchandise | |||||||||
-56,951 | -51,588 | -34,298 | -30,100 | -17,714 | -6,921 | -8 | 0 | - | - |
Security deposits | |||||||||
9 | 2 | -10 | -1 | -11 | -45 | -9 | -0 | - | - |
Accounts payable | |||||||||
-3,814 | 827 | 3,784 | 2,133 | 947 | 816 | 20 | 41 | -13 | 14 |
Accrued payroll and related taxes | |||||||||
120 | -11 | 108 | 44 | 119 | 63 | 68 | 8 | 5 | 9 |
Decrease in collected but not earned | |||||||||
- | - | - | - | - | - | - | -8 | -2 | -12 |
Accrued expenses | |||||||||
93 | 557 | 535 | -78 | 139 | 198 | 3 | 29 | -43 | -233 |
Impairment of lease merchandise | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Compensation expense related to issuance of warrants | |||||||||
- | - | - | - | - | - | 1 | - | - | - |
Net cash used in operating activities - continuing operations | |||||||||
- | - | - | - | -14,361 | -7,660 | -541 | - | 1,636 | -2,688 |
Net cash provided by operating activities - discontinued operations | |||||||||
- | - | - | - | 205 | 1,633 | 1,740 | - | -4 | 1,116 |
Net cash provided by (used in) operating activities | |||||||||
-469 | -18,160 | -6,598 | -17,372 | -14,156 | -6,027 | 1,199 | -229 | 1,632 | -1,572 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Purchases of property and equipment, including capitalized software costs | |||||||||
2,241 | 2,284 | 2,021 | 1,855 | 1,328 | 1,157 | 67 | 17 | 18 | 18 |
Patent costs | |||||||||
- | - | - | - | - | - | 30 | 0 | - | - |
Net cash (used in) investing activities - continuing operations | |||||||||
- | - | - | - | - | -1,157 | -98 | - | - | -18 |
Net cash used in investing activities - discontinued operations | |||||||||
- | - | - | - | - | - | -14 | - | - | - |
Proceeds from sale of discontinued operations | |||||||||
- | - | - | - | - | 4,786 | 0 | - | - | - |
Net cash used in investing activities | |||||||||
-2,241 | -2,284 | -2,021 | -1,855 | -1,328 | 3,629 | -112 | -17 | -18 | - |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Principal payment under finance lease obligation | |||||||||
2 | - | - | - | - | - | - | - | - | - |
Refund of equity issuance related costs | |||||||||
61 | - | 0 | 20,432 | 0 | - | - | - | - | - |
Proceeds from exercise of warrants | |||||||||
43 | 1 | - | - | - | - | - | - | - | - |
Proceeds from sale of common stock, net of related costs of $801,806 | |||||||||
- | - | - | - | 8,548 | 6,501 | 1,000 | - | - | - |
Proceeds from exercise of stock options | |||||||||
69 | - | 15 | 42 | 0 | 11 | 0 | - | - | - |
Proceeds from public offering | |||||||||
- | 10,007 | - | - | - | - | - | - | - | - |
Equity issuance related costs | |||||||||
- | 1,123 | - | - | - | - | - | - | - | - |
(Payments to) proceeds from financial institution, net | |||||||||
- | - | - | - | - | - | - | 550 | -1,180 | 1,310 |
Payment of costs related to issuance of common stock | |||||||||
- | - | - | - | - | -950 | 0 | 0 | - | - |
Net cash (used in) provided by financing operations - continuing operations | |||||||||
- | - | - | - | - | 7,562 | 1,000 | - | - | 1,600 |
Net cash used in financing operations - discontinued operations | |||||||||
- | - | - | - | - | -3,240 | -1,736 | - | - | -301 |
Payments to lender | |||||||||
- | - | - | - | - | - | - | - | 290 | - |
Proceeds from promissory notes, net of fees | |||||||||
3,440 | 3,465 | - | - | - | - | - | - | - | - |
Repayment of promissory note | |||||||||
500 | - | - | - | - | - | - | - | - | - |
Proceeds from loan payable under credit agreement | |||||||||
12,396 | 19,366 | - | - | - | - | - | - | - | - |
Proceeds of loans from shareholder | |||||||||
- | - | 0 | 1,000 | -1,000 | 2,000 | - | - | - | 290 |
Repayment of loan payable under credit agreement | |||||||||
-11,815 | -9,959 | 0 | -1,000 | 0 | - | - | - | - | - |
Repayment of loan payable under credit agreement | |||||||||
- | - | 2,288 | 4,172 | 0 | - | - | - | - | - |
Repayment of installment loan | |||||||||
11 | 11 | - | - | - | - | - | - | - | - |
Debt issuance related costs | |||||||||
243 | 128 | - | - | - | - | - | - | - | - |
(Repayment) proceeds of loans from shareholder | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Debt issuance related costs | |||||||||
- | - | 10,450 | 4,941 | 8,449 | 0 | - | - | - | - |
Net cash used in financing activities | |||||||||
3,437 | 21,617 | 8,176 | 21,243 | 15,997 | 4,321 | -736 | 550 | -1,470 | 1,299 |
DECREASE IN CASH | |||||||||
727 | 1,172 | -443 | 2,016 | 512 | 1,923 | 349 | 303 | 143 | -290 |
Supplemental cash flow information: | |||||||||
Interest paid | |||||||||
3,606 | 2,806 | 1,649 | 1,459 | 443 | 81 | 369 | - | - | - |
Non-cash financing activities: | |||||||||
Issuance of common stock and warrants to extinguishment debt and accrued interest | |||||||||
- | 2,089 | - | - | - | - | - | - | - | - |
Warrants issued for debt issuance costs | |||||||||
- | 523 | - | - | - | - | - | - | - | - |
Conversion of preferred stock to common stock | |||||||||
341 | - | - | - | - | - | - | - | - | - |
Conversion of preferred stock to common stock | |||||||||
341 | - | 18 | 425 | - | - | - | - | - | - |
Conversion of shareholders loans to common stock | |||||||||
- | - | - | - | - | 1,000 | 0 | - | - | - |
Conversion of preferred stock to common stock | |||||||||
- | - | - | - | 70 | 170 | 0 | - | - | - |
Fees payable to lender in connection with modification of credit agreement | |||||||||
- | - | - | - | 150 | 0 | - | - | - | - |
Warrants issued to placement agent in conjunction with sale of Series 2 Preferred Stock | |||||||||
- | - | 0 | 150 | 0 | - | - | - | - | - |