| Dec'17 | Dec'16 | Dec'15 | Dec'14 | |||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net income | ||||||
7,136 | 5,934 | 4,395 | 3,411 | |||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||
Depreciation and amortization | ||||||
939 | 517 | 444 | 372 | |||
Loss on disposition of property and equipment | ||||||
-12 | -228 | - | - | |||
Deferred tax expense (benefit) | ||||||
11 | 56 | -89 | 91 | |||
Provision for (recovery of) doubtful accounts | ||||||
187 | -227 | 367 | -368 | |||
Changes in operating assets and liabilities: | ||||||
Contracts receivable | ||||||
2,992 | 5,893 | 3,166 | -444 | |||
Accounts receivable | ||||||
950 | -922 | 973 | 181 | |||
Notes receivable | ||||||
378 | 85 | 218 | -84 | |||
Retainage receivables | ||||||
80 | 548 | 379 | 593 | |||
Prepayment and advances to suppliers | ||||||
7,127 | 2,861 | -19 | 865 | |||
Inventories | ||||||
-788 | -427 | 1,106 | -1,868 | |||
Other receivables | ||||||
156 | 1 | -111 | 72 | |||
Accounts payable | ||||||
26 | -290 | 895 | -1,279 | |||
Notes Payable | ||||||
53 | - | - | - | |||
Advances from customers | ||||||
-370 | 528 | 525 | 710 | |||
Deferred revenue | ||||||
-1,071 | 3 | 586 | -2,666 | |||
Taxes payable | ||||||
-2,365 | 2,484 | 2,191 | 1,437 | |||
Accrued expenses and other current liabilities | ||||||
240 | 382 | 327 | 369 | |||
NET CASH PROVIDED BY (USED IN ) OPERATING ACTIVITIES | ||||||
-6,096 | 1,577 | 3,931 | 2,761 | |||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Acquisitions of property and equipment | ||||||
3,126 | 7 | 239 | 1,092 | |||
Repayment of third party loans | ||||||
- | - | - | -322 | |||
Payments for construction in progress | ||||||
- | 973 | 2,896 | 4,310 | |||
NET CASH USED IN INVESTING ACTIVITIES | ||||||
-3,126 | -980 | -3,136 | -5,080 | |||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from short-term bank loans | ||||||
295 | 301 | 848 | 1,945 | |||
Repayment of short-term bank loans | ||||||
- | 795 | 839 | 2,216 | |||
Proceeds from long-term loans | ||||||
173 | 556 | - | - | |||
Repayment of long-term loans | ||||||
47 | - | - | - | |||
Proceeds from other loan | ||||||
582 | - | - | - | |||
Repayment of other loan | ||||||
21 | - | - | - | |||
Proceeds from (repayment of) related parties | ||||||
-66 | 72 | - | - | |||
Proceeds from related parties | ||||||
- | - | - | 278 | |||
Proceeds from issuance of shares in IPO | ||||||
- | 10,131 | - | - | |||
Restricted cash | ||||||
-53 | - | - | - | |||
Changes in restricted cash | ||||||
- | - | - | -2,505 | |||
NET CASH PROVIDED BY FINANCING ACTIVITIES | ||||||
863 | 10,266 | 8 | 2,512 | |||
EFFECT OF EXCHANGE RATE CHANGE ON CASH | ||||||
-294 | -104 | -63 | -0 | |||
NET INCREASE IN CASH | ||||||
-8,655 | 10,758 | 741 | 192 | |||
SUPPLEMENTAL CASH FLOW DISCLOSURES: | ||||||
Cash paid for income tax | ||||||
- | - | 1 | 0 | |||
Cash paid for interest | ||||||
48 | 49 | 55 | 99 | |||
Non-cash financing activities | ||||||
Warrants issued to placement agent in connection with the Company's IPO | ||||||
- | 488 | - | - | |||