| 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 earnings (loss) | |||||||||
2,322 | 3,037 | 975 | 2,658 | 1,861 | 3,439 | 3,077 | - | - | - |
Adjustments to reconcile net earnings (loss) to net cash used in operating activities: | |||||||||
Net earnings | |||||||||
- | - | - | - | - | - | - | 2,156 | 9,863 | 7,252 |
Depreciation and amortization | |||||||||
3,193 | 1,871 | 1,779 | 599 | 754 | 879 | 847 | - | - | - |
Payment of earnout for 2018 related to Ambrell acquisition | |||||||||
12,167 | 1,710 | - | - | - | - | - | - | - | - |
Adjustment to earnout payable | |||||||||
- | 12,645 | 5,355 | 0 | - | - | - | - | - | - |
Adjustment to contingent consideration liability | |||||||||
- | -5,744 | 1,621 | 0 | - | - | - | - | - | - |
Depreciation and amortization | |||||||||
- | - | - | - | - | - | - | 933 | 394 | 395 |
Provision for excess and obsolete inventory | |||||||||
391 | 285 | 251 | 226 | 342 | 344 | 311 | 688 | 403 | - |
Foreign exchange loss | |||||||||
-3 | -165 | 146 | -16 | -33 | -44 | -4 | 12 | -3 | -20 |
Amortization of deferred compensation related to stock-based awards | |||||||||
884 | 653 | 344 | 269 | 119 | - | - | - | - | - |
Amortization of deferred compensation related to restricted stock | |||||||||
- | - | - | - | - | 134 | 128 | 113 | 146 | 228 |
Profit sharing expense funded through the issuance of treasury stock | |||||||||
- | - | - | - | - | - | - | 150 | 150 | -75 |
Loss on disposal of property and equipment | |||||||||
-55 | -61 | - | - | -15 | -44 | 3 | - | 48 | 33 |
Proceeds from sale of demonstration equipment, net of gain | |||||||||
167 | 186 | 152 | 129 | 214 | 161 | 32 | 109 | 94 | -8 |
Deferred income tax benefit | |||||||||
-426 | 83 | -1,630 | 135 | 168 | 318 | 307 | - | - | - |
Changes in assets and liabilities: | |||||||||
Deferred income tax expense | |||||||||
- | - | - | - | - | - | - | -443 | 2,481 | - |
Trade accounts receivable | |||||||||
-1,244 | -1,414 | 2,983 | 1,009 | -570 | -610 | 233 | -1,868 | -24 | 866 |
Inventories | |||||||||
1,058 | 1,847 | -388 | 384 | 113 | 893 | 416 | -948 | 809 | 437 |
Prepaid expenses and other current assets | |||||||||
129 | 102 | 31 | -295 | 174 | 113 | 6 | 60 | -126 | 54 |
Restricted certificates of deposit | |||||||||
-35 | - | - | - | - | - | - | - | - | - |
Restricted certificates of deposit | |||||||||
- | - | - | -175 | - | - | - | - | - | - |
Other assets | |||||||||
1 | -1 | -2 | -178 | - | - | - | - | - | - |
Restricted certificates of deposit | |||||||||
- | - | - | - | 0 | -100 | - | -50 | - | - |
Restricted certificates of deposit | |||||||||
- | - | - | - | - | - | - | - | 200 | - |
Restricted certificates of deposit | |||||||||
- | - | - | - | - | - | - | - | - | 450 |
Other assets | |||||||||
- | - | - | - | 15 | 17 | 18 | 3 | -13 | -23 |
Accounts payable | |||||||||
197 | -245 | -756 | 459 | -324 | 172 | 23 | -67 | -640 | -905 |
Accrued wages and benefits | |||||||||
-912 | 143 | 512 | 126 | -36 | -75 | 63 | -237 | 24 | - |
Accrued professional fees | |||||||||
31 | 58 | - | - | - | - | - | - | - | - |
Customer deposits and deferred revenue | |||||||||
-797 | 376 | 55 | - | - | - | - | - | - | - |
Accrued sales commissions | |||||||||
-261 | 174 | - | - | - | - | - | - | - | - |
Operating lease liabilities | |||||||||
-1,378 | - | - | - | - | - | - | - | - | - |
Accrued rent | |||||||||
- | - | - | -85 | 42 | 38 | 48 | 122 | 324 | -64 |
Accrued professional fees | |||||||||
- | - | - | 57 | -25 | 25 | -19 | -66 | 79 | -1 |
Accrued wages and benefits | |||||||||
- | - | - | - | - | - | - | - | - | 1,134 |
Accrued sales commissions | |||||||||
- | - | - | 10 | 31 | -23 | 43 | 227 | 29 | -207 |
Customer deposits and deferred revenue | |||||||||
- | - | - | -118 | - | - | - | -171 | 341 | - |
Domestic and foreign income taxes payable | |||||||||
171 | -495 | 586 | 549 | 4 | - | - | 75 | - | - |
Contingent liability for repayment of state and local grant funds received | |||||||||
263 | 200 | - | - | - | - | - | - | - | - |
Federal transition tax payable | |||||||||
- | -436 | 436 | 0 | - | - | - | - | - | - |
Accrued warranty | |||||||||
- | - | - | - | - | - | - | - | - | 46 |
Accrued restructuring and other charges | |||||||||
- | - | - | - | - | - | - | - | - | -130 |
Customer deposits | |||||||||
- | - | - | - | - | - | - | - | - | -7 |
Other current liabilities | |||||||||
-232 | 187 | 332 | 23 | 94 | -104 | -332 | -167 | -316 | 126 |
Deferred rent | |||||||||
- | - | - | - | - | - | - | - | 39 | - |
Deferred rent, net of current portion | |||||||||
- | - | - | - | - | - | - | - | - | 118 |
Net cash used in operating activities | |||||||||
-8,405 | 10,960 | 7,242 | 4,288 | - | - | - | - | 7,822 | 6,449 |
Net cash provided by operating activities | |||||||||
- | - | - | - | 3,498 | 5,129 | 3,770 | 6,645 | - | 4,248 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Acquisition of business, net of cash acquired | |||||||||
- | - | 21,962 | 0 | - | - | - | 3,802 | - | - |
Payment of earnout for 2017 related to Ambrell acquisition | |||||||||
- | 4,123 | - | - | - | - | - | - | - | - |
Purchase of property and equipment | |||||||||
620 | 2,212 | 745 | 339 | 599 | 831 | 424 | 431 | 780 | 659 |
Proceeds from sale of property and equipment | |||||||||
- | - | 36 | 0 | - | 8 | 10 | 19 | 54 | - |
Cash dividends paid | |||||||||
- | - | - | - | - | - | - | 834 | - | - |
Net cash used in investing activities | |||||||||
-620 | -6,335 | -22,671 | -339 | - | - | - | - | -726 | -659 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Net cash used in investing activities | |||||||||
- | - | - | - | -599 | -823 | -414 | -4,214 | - | - |
Repurchases of common stock | |||||||||
1,142 | - | 62 | 978 | 155 | 0 | - | - | - | - |
Repayment of notes payable to stockholder | |||||||||
- | - | - | - | - | - | - | - | - | 1,525 |
Proceeds from stock options exercised | |||||||||
- | - | - | - | - | - | 30 | - | 30 | - |
Net cash used in financing activities | |||||||||
- | - | - | - | -155 | 0 | 30 | -834 | - | - |
Net cash used in financing activities | |||||||||
-1,142 | - | -62 | -978 | - | - | - | - | 30 | -1,525 |
Effects of exchange rates on cash | |||||||||
-82 | -54 | 170 | -70 | -160 | -198 | 56 | 22 | -64 | -17 |
Net cash used in all activities | |||||||||
-10,249 | 4,571 | -15,321 | 2,901 | 2,584 | 4,108 | 3,442 | 1,619 | 7,062 | - |
Cash payments for: | |||||||||
Domestic and foreign income taxes | |||||||||
595 | 2,855 | 3,467 | 635 | 792 | 1,213 | 623 | 379 | 269 | 135 |
Interest | |||||||||
- | - | - | - | - | - | - | 8 | 1 | 76 |
Fair value of assets acquired, net of cash | |||||||||
- | - | - | - | - | - | - | 4,026 | - | - |
Liabilities assumed | |||||||||
- | - | - | - | - | - | - | 274 | - | - |
Goodwill resulting from acquisition | |||||||||
- | - | - | - | - | - | - | 50 | - | - |
Net cash paid for acquisition | |||||||||
- | - | 21,962 | 0 | - | - | - | 3,802 | - | - |
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||||||||
Issuance of unvested shares of restricted stock | |||||||||
837 | 788 | 432 | - | 0 | - | - | - | - | - |
Forfeiture of unvested shares of restricted stock | |||||||||
88 | - | 104 | - | - | - | - | - | - | - |
Issuance of unvested shares of restricted stock | |||||||||
- | - | - | 369 | - | 41 | 462 | - | - | 448 |
Forfeiture of unvested shares of restricted stock | |||||||||
- | - | - | 0 | 20 | 20 | - | 14 | 20 | -11 |
Ambrell [Member] | |||||||||
Acquisition of business, net of cash acquired | |||||||||
- | - | 21,962 | - | - | - | - | - | - | - |
Fair value of assets acquired, net of cash | |||||||||
- | - | 22,652 | - | - | - | - | - | - | - |
Liabilities assumed | |||||||||
- | - | 8,599 | - | - | - | - | - | - | - |
Goodwill resulting from acquisition | |||||||||
- | - | 12,032 | - | - | - | - | - | - | - |
Contingent consideration | |||||||||
- | - | 4,123 | - | - | - | - | - | - | - |
Net cash paid for acquisition | |||||||||
- | - | 21,962 | - | - | - | - | - | - | - |