| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net Income (loss) | ||||||
5,895 | 6,353 | 10,078 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization expense | ||||||
6,754 | 2,134 | 2,004 | ||||
Gain from disposal of equipment | ||||||
-65 | - | 25 | ||||
Allowance for doubtful accounts | ||||||
72 | 90 | 2,209 | ||||
Allowance for inventories | ||||||
-16 | - | - | ||||
Deferred tax expenses (benefit) | ||||||
-250 | 641 | -125 | ||||
Income from equity method investment | ||||||
6 | - | - | ||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable, net | ||||||
4,758 | -203 | 802 | ||||
Accounts receivable - related parties, net | ||||||
-1,483 | 705 | -1,265 | ||||
Inventories | ||||||
-1,112 | -493 | -850 | ||||
Advances to suppliers, net | ||||||
- | - | -84 | ||||
Advances to suppliers - related parties, net | ||||||
-781 | -1,721 | 2,514 | ||||
Other current assets | ||||||
271 | 513 | - | ||||
Other current assets | ||||||
- | - | -2,679 | ||||
Other long-term assets | ||||||
-142 | -1,193 | -456 | ||||
Accounts payable | ||||||
-2,668 | 198 | 217 | ||||
Accounts payable - related parties | ||||||
-929 | -152 | - | ||||
Operating lease liabilities | ||||||
-1,601 | - | - | ||||
Accounts payable - related parties | ||||||
- | - | 33 | ||||
Advance from customers | ||||||
- | - | -2,148 | ||||
Advance from customers - related parties | ||||||
- | - | -2,514 | ||||
Income tax payable | ||||||
- | -453 | 415 | ||||
Accrued expenses and other payables | ||||||
-1,137 | 747 | - | ||||
Accrued expenses | ||||||
- | - | 82 | ||||
Net cash provided by operating activities | ||||||
4,666 | 11,953 | 15,286 | ||||
Cash flows from investing activities: | ||||||
Purchase of property and equipment | ||||||
4,835 | 3,075 | 2,264 | ||||
Proceeds from disposal of equipment | ||||||
286 | - | 25 | ||||
Cash received from long-term notes receivable | ||||||
290 | - | - | ||||
Payment made for notes receivable | ||||||
108 | 3,039 | 764 | ||||
Proceeds from long-term notes receivable to related parties | ||||||
386 | - | - | ||||
Payment made for long-term notes receivable to related parties | ||||||
260 | 1,680 | 2,495 | ||||
Cash received from business combination of HG Realty | ||||||
- | - | 31 | ||||
Cash received from business combination of HG Realty | ||||||
- | - | 31 | ||||
Net cash used in investing activities | ||||||
2,775 | -6,365 | -5,468 | ||||
Cash flows from financing activities: | ||||||
Repayment of bank overdraft | ||||||
2,870 | - | - | ||||
Proceeds from lines of credit | ||||||
144,045 | 3,900 | - | ||||
Proceeds from lines of credit | ||||||
- | - | 2,600 | ||||
Repayment of lines of credit | ||||||
146,661 | 7,600 | 4,400 | ||||
Proceeds from long-term debt | ||||||
8,378 | 2,250 | 2,580 | ||||
Repayment of long-term debt | ||||||
6,338 | 3,119 | 1,884 | ||||
Repayment of obligations under finance leases | ||||||
384 | 453 | - | ||||
Cash distribution to shareholders | ||||||
302 | 1,161 | 8,584 | ||||
Net cash provided by financing activities | ||||||
1,607 | -6,184 | -9,688 | ||||
Net increase (decrease) in cash | ||||||
9,048 | -596 | 129 | ||||
Cash paid for interest | ||||||
- | - | 1,268 | ||||
Cash paid for income taxes | ||||||
- | - | 288 | ||||
Atlantic [Member] | ||||||
Cash received from business combination | ||||||
- | 1,430 | - | ||||
B & R [Member] | ||||||
Cash received from business combination | ||||||
7,017 | - | - | ||||