| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net loss | |||||||||
-354 | 6,557 | 1,422 | -4,705 | -7,329 | -10,511 | 1,174 | 2,801 | -2,249 | -797 |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||
Write-off of long-lived assets to be disposed of | |||||||||
0 | 222 | 0 | - | - | - | - | - | - | - |
Accrued severance costs | |||||||||
0 | 465 | 0 | - | - | - | - | - | - | - |
Write-down of capitalized software development costs | |||||||||
- | - | - | 1,538 | - | - | - | - | - | - |
Goodwill impairment loss | |||||||||
- | - | - | - | - | 4,462 | 0 | 0 | - | - |
Write-down of capitalized software development costs | |||||||||
- | - | - | - | 0 | -2,174 | - | - | - | - |
Write down of capitalized software development costs | |||||||||
- | - | - | - | - | - | 0 | 0 | - | - |
Depreciation | |||||||||
515 | 342 | 383 | 493 | 545 | 570 | 562 | 497 | -579 | -504 |
Amortization of definite-lived intangible assets | |||||||||
1,612 | 335 | 289 | 494 | 193 | 207 | 313 | 948 | -102 | 0 |
Amortization of capitalized software development costs | |||||||||
507 | 469 | 408 | 341 | - | - | - | - | - | - |
Capitalized software amortization | |||||||||
- | - | - | - | -252 | -541 | - | - | 978 | 483 |
Capitalized software amortization | |||||||||
- | - | - | - | - | - | 704 | 813 | - | - |
Amortization of deferred financing costs | |||||||||
- | - | - | - | - | 10 | 12 | 2 | 92 | 46 |
Change in fair value of contingent consideration, net | |||||||||
- | - | -207 | 849 | 229 | 254 | 354 | -322 | - | - |
Change in fair value of contingent consideration | |||||||||
- | - | - | - | - | - | - | - | 147 | 0 |
Stock-based compensation expense | |||||||||
1,526 | 2,472 | 1,550 | 541 | 712 | 810 | 914 | 727 | 883 | 1,019 |
Bad debt expense | |||||||||
294 | 118 | 0 | - | - | - | - | - | - | - |
Loss on equity method investments | |||||||||
- | - | - | -233 | -55 | -156 | -238 | -41 | 13 | 0 |
Amortization of deferred profit on Emirates Simulation Academy, LLC contract | |||||||||
- | - | - | - | - | - | - | - | - | -724 |
Equity loss on investment in Emirates Simulation Academy, LLC | |||||||||
- | - | - | - | - | - | - | - | - | 732 |
Reserve on cash collateral for Emirates Simulation Academy, LLC line of credit | |||||||||
- | - | - | - | - | - | - | - | - | 1,291 |
Loss on derivative instruments, net | |||||||||
-350 | 99 | -18 | -40 | 209 | 265 | -121 | -68 | -913 | 763 |
Deferred income taxes | |||||||||
644 | -6,678 | 123 | 171 | -22 | -262 | 86 | -1,143 | - | - |
Gain on sale of equipment, software, and leasehold improvements | |||||||||
0 | -2 | -3 | 0 | - | - | - | - | - | - |
Changes in assets and liabilities: | |||||||||
Contract receivables, net | |||||||||
5,656 | -10,006 | - | - | - | - | - | - | - | - |
Contract receivables | |||||||||
- | - | 6,078 | -2,530 | -10,347 | 26 | 3,331 | 2,099 | -903 | -5,100 |
Prepaid expenses and other assets | |||||||||
-856 | -1,020 | 1,249 | 501 | -2,433 | -204 | -1,293 | 351 | -922 | 155 |
Accounts payable, accrued compensation, and accrued expenses | |||||||||
-838 | -1,904 | 961 | -947 | -2,136 | -1,947 | 1,403 | -855 | 932 | 4,148 |
Unbilled contract receivables billed during October 2019 | |||||||||
-2,984 | -6,897 | - | - | - | - | - | - | - | - |
Billings in excess of revenue earned | |||||||||
- | - | 12,257 | -552 | 2,441 | 531 | 792 | 856 | 1,669 | -1,421 |
Accrued warranty | |||||||||
-322 | 462 | -465 | 171 | - | - | - | - | - | - |
Accrued warranty reserves | |||||||||
- | - | - | - | -395 | - | - | - | - | - |
Accrued warranty reserves | |||||||||
- | - | - | - | - | -256 | -193 | 620 | 407 | - |
Accrued warranty reserves | |||||||||
- | - | - | - | - | - | - | - | - | 207 |
Other liabilities | |||||||||
367 | 370 | 737 | 320 | -467 | 172 | -702 | -1,035 | -209 | 546 |
Cash used in operating activities | |||||||||
-3,483 | 7,262 | 10,152 | 1,016 | 6,649 | -3,176 | 3,740 | 1,568 | 2,432 | 326 |
Cash flows from investing activities: | |||||||||
Purchase of equipment, software and leasehold improvements | |||||||||
513 | 112 | 79 | 277 | 398 | 399 | 1,551 | 520 | 519 | 361 |
Proceeds from Sale of Property, Plant, and Equipment | |||||||||
- | - | 30 | 0 | - | - | - | - | - | - |
The cash outflow associated with the development or modification of software programs or applications to be sold to third parties that qualify for capitalization. | |||||||||
432 | 177 | 245 | 1,610 | 646 | 1,309 | 1,315 | 838 | 903 | 861 |
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. | |||||||||
9,609 | - | - | - | - | - | - | - | - | - |
Investment in GSE-RUS LLC | |||||||||
- | - | - | - | - | 46 | 0 | 0 | - | - |
Payments to Acquire Equity Method Investments | |||||||||
- | - | - | - | 250 | 0 | 469 | 456 | 587 | 0 |
Acquisition of DP Engineering, net of cash acquired | |||||||||
0 | 9,066 | 0 | - | 2,848 | 0 | 0 | 830 | 549 | 0 |
Restrictions of cash as collateral under letters of credit | |||||||||
- | - | - | 1,222 | - | - | - | - | - | - |
Restrictions of cash as collateral under letters of credit | |||||||||
- | - | - | - | 3,172 | 228 | 1,777 | 5,668 | 1,135 | 5,026 |
Releases of cash as collateral under letters of credit | |||||||||
- | - | 2,408 | 1,876 | 34 | 1,099 | 4,244 | 1,717 | 0 | 2,542 |
Restrictions of cash as collateral under letters of credit | |||||||||
- | - | 2,408 | - | - | - | - | - | - | - |
Release of cash as collateral under letters of credit | |||||||||
- | - | - | - | - | - | - | - | 1,135 | 5,026 |
Drawdown of cash collateral on Emirates Simulation Academy, LLC line of credit | |||||||||
- | - | - | - | - | - | 0 | 78 | 294 | 0 |
Proceeds from sale/leaseback transaction | |||||||||
- | - | - | - | - | - | - | - | 377 | 0 |
Investment in Emirates Simulation Academy, LLC | |||||||||
- | - | - | - | - | - | - | - | - | 14 |
Cash used in investing activities | |||||||||
-10,554 | -9,355 | 2,114 | -1,233 | -7,280 | -883 | -868 | -6,673 | -1,340 | 1,248 |
Cash flows from financing activities: | |||||||||
Proceeds from issuance of long-term debt | |||||||||
10,154 | 0 | - | - | - | - | - | - | - | - |
Repayment of long-term debt | |||||||||
1,642 | 0 | - | - | - | - | - | - | - | - |
Payments on line of credit | |||||||||
- | - | - | 339 | - | - | - | - | - | - |
Proceeds from issuance of common stock | |||||||||
136 | 209 | 833 | 23 | 0 | 44 | 272 | 143 | 176 | 15,997 |
Payments on line of credit | |||||||||
- | - | - | - | -410 | 0 | - | - | - | - |
Treasury stock purchases | |||||||||
- | - | - | - | - | 819 | 531 | 1,649 | 0 | 0 |
Contingent consideration payments to former owners of Hyperspring, LLC | |||||||||
1,701 | 404 | 1,421 | 1,700 | 500 | 1,899 | 845 | 167 | 0 | 0 |
This line item represents the shares withheld to pay taxes. | |||||||||
484 | 919 | - | - | - | - | - | - | - | - |
RSUs withheld to pay taxes | |||||||||
- | - | 584 | 0 | - | - | - | - | - | - |
Release of cash for credit facility collateral | |||||||||
- | - | - | - | - | - | 0 | 600 | 0 | -600 |
Deferred financing costs | |||||||||
- | - | - | - | - | - | 0 | 24 | 82 | 20 |
Cash provided by financing activities | |||||||||
6,463 | -1,114 | -1,172 | -2,016 | -910 | -2,674 | -1,104 | -1,097 | 94 | 15,377 |
Effect of exchange rate changes on cash | |||||||||
-374 | 391 | -431 | -266 | -519 | -10 | 292 | -49 | 121 | 45 |
Net decrease in cash and cash equivalents | |||||||||
-7,948 | -2,816 | 10,663 | -2,499 | -2,060 | -6,743 | 2,060 | -6,251 | 1,307 | 16,996 |
Issuance of 122,617 shares of common stock to acquire TAS Holdings Ltd. | |||||||||
- | - | - | - | - | - | - | - | 683 | - |
Issuance of 122,617 shares of common stock to acquire TAS Holdings Ltd. | |||||||||
- | - | - | - | - | - | - | - | - | 0 |