| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
3,323 | 146 | -3,432 | -15,173 | -8,797 | -3,031 | 155 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Regional developer fees recognized upon termination of regional developer agreements | ||||||
- | - | - | - | 282 | 0 | - |
Net franchise fees recognized upon termination of franchise agreements | ||||||
- | - | - | 342 | 521 | 0 | - |
Notes receivable issued for payment of transfer fees | ||||||
- | - | - | - | 59 | 0 | - |
Depreciation and amortization | ||||||
1,899 | 1,556 | 2,017 | 2,566 | 1,268 | 210 | 70 |
Net loss on disposition or impairment of assets | ||||||
- | - | 14 | 2 | 11 | -10 | - |
Net loss on disposition or impairment | ||||||
-114 | -594 | -417 | -3,520 | 0 | - | - |
Net franchise fees recognized upon termination of franchise agreements | ||||||
113 | 227 | 73 | - | - | - | - |
Regional developer fees recognized upon acquisition of development rights | ||||||
- | - | - | 138 | 254 | 0 | - |
Adjustment to deferred revenue from previous acquisitions | ||||||
- | - | 133 | 0 | - | - | - |
Recovery of bad debts | ||||||
- | - | -40 | -10 | 61 | 102 | - |
Bargain purchase gain | ||||||
19 | 13 | - | - | 261 | 0 | - |
Deferred income taxes | ||||||
1 | -77 | 15 | 120 | 40 | 1,758 | -552 |
Accrued interest on notes receivable | ||||||
- | - | - | - | - | - | 5 |
Stock based compensation expense | ||||||
720 | 628 | 594 | 1,123 | 825 | 101 | - |
Cash paid for legal settlement | ||||||
- | - | - | -100 | - | - | - |
Cash paid for legal settlement | ||||||
- | - | - | - | 0 | - | - |
Changes in operating assets and liabilities: | ||||||
Restricted cash | ||||||
- | - | - | -50 | 160 | 165 | -17 |
Accounts receivable | ||||||
1,838 | 78 | 124 | 999 | 99 | 369 | 287 |
Prepaid expenses and other current assets | ||||||
- | - | -42 | -28 | -324 | 395 | - |
Prepaid income taxes | ||||||
- | - | - | - | - | - | -300 |
Prepaid expenses and other current assets | ||||||
240 | 339 | 42 | 133 | -9 | 352 | -47 |
Deferred franchise costs | ||||||
882 | 802 | -193 | - | - | - | - |
Deferred franchise costs | ||||||
- | - | - | -361 | -127 | 20 | - |
Deferred franchise costs | ||||||
- | - | - | - | - | - | 14 |
Deposits and other assets | ||||||
-268 | -38 | -77 | -71 | 39 | 0 | 60 |
Accounts payable | ||||||
75 | 63 | -36 | -953 | -291 | 952 | - |
Accrued expenses | ||||||
-64 | 177 | -213 | -75 | 165 | 92 | - |
Accounts payable and accrued expenses | ||||||
- | - | - | - | - | - | 125 |
Co-op funds liability | ||||||
- | - | 16 | -127 | 14 | 132 | 9 |
Payroll liabilities | ||||||
808 | 1,168 | 117 | -742 | 875 | 489 | 58 |
Deferred revenue | ||||||
- | - | -410 | 824 | 246 | 545 | - |
Deferred revenue | ||||||
853 | 2,647 | 1,323 | - | - | - | - |
Advertising fund deferred revenue | ||||||
- | - | - | - | - | - | -26 |
Other liabilities | ||||||
2,615 | -29 | -635 | -19 | -105 | -25 | 108 |
Income taxes payable | ||||||
- | - | - | - | - | -419 | 419 |
Deferred revenue | ||||||
- | - | - | -896 | 128 | -52 | 59 |
Net cash provided by operating activities | ||||||
7,521 | 5,452 | -74 | -10,847 | - | - | - |
Net cash used in operating activities | ||||||
- | - | - | - | -6,796 | -437 | 422 |
Cash flows from investing activities: | ||||||
Acquisition of business | ||||||
3,122 | 100 | - | - | - | - | - |
Acquisition of business, net of cash acquired | ||||||
- | - | - | 839 | 4,925 | 900 | - |
Advances for reacquisition and termination of regional developer rights | ||||||
- | - | - | - | - | 507 | - |
Purchase of property and equipment | ||||||
3,483 | 1,111 | 449 | 1,567 | 4,065 | 659 | 241 |
Reacquisition and termination of regional developer rights | ||||||
681 | 278 | - | 325 | 1,075 | 0 | - |
Payments received on notes receivable | ||||||
-149 | -245 | -76 | -35 | - | - | - |
Net cash used in investing activities | ||||||
-7,138 | -1,243 | -372 | -2,695 | - | - | - |
Cash flows from financing activities: | ||||||
Payments of finance lease obligation | ||||||
21 | 0 | - | - | - | - | - |
Proceeds from issuance of common stock - follow-on public offering | ||||||
- | - | - | - | 14,374 | 22,425 | - |
Offering costs paid | ||||||
- | - | - | - | 1,351 | - | - |
Proceeds from issuance of common stock - follow-on public offering | ||||||
- | - | - | - | - | 0 | - |
Issuance of common stock, offering costs adjustment | ||||||
- | - | - | 1 | 0 | 2,647 | - |
Purchases of treasury stock under employee stock plans | ||||||
20 | 4 | 2 | 83 | 0 | - | 240 |
Proceeds from sale of treasury stock | ||||||
- | - | 292 | 210 | 0 | - | - |
Proceeds from exercise of stock options | ||||||
545 | 331 | 364 | 70 | 0 | 0 | - |
Proceeds received on sale of property and equipment | ||||||
- | - | - | - | 11 | 2 | - |
Payments received on notes receivable | ||||||
- | - | - | - | 42 | 4 | 10 |
Net cash used in investing activities | ||||||
- | - | - | - | -10,013 | -2,060 | -231 |
Proceeds from the Credit Agreement, net of related fees | ||||||
- | - | 1,000 | 0 | - | - | - |
Repayments on notes payable | ||||||
1,100 | 0 | 231 | 436 | 218 | 0 | - |
Net cash provided by financing activities | ||||||
-596 | 326 | 1,422 | -239 | - | - | - |
Increase (decrease) in cash | ||||||
-213 | 4,534 | 975 | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||
- | - | - | - | 12,805 | 19,777 | -240 |
Net increase (decrease) in cash | ||||||
- | - | - | -13,782 | -4,003 | 17,280 | -48 |