| 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 income | |||||||||
4,494 | 4,204 | 3,438 | 2,836 | 2,237 | 1,454 | 582 | 388 | 256 | 319 |
Adjustments to reconcile net income to net cash provided by operating activities - | |||||||||
Amortization of deferred financing costs | |||||||||
94 | 98 | 129 | 101 | 39 | 0 | 41 | 47 | 36 | 0 |
Loss on write-off of investment in privately held company | |||||||||
-15 | - | - | - | - | - | - | - | - | - |
Adjustment to operating lease right-of-use asset and liability | |||||||||
3 | - | - | - | - | - | - | - | - | - |
Depreciation | |||||||||
1 | 3 | 4 | 3 | 5 | 0 | - | - | - | - |
Depreciation | |||||||||
- | - | - | - | - | - | - | 0 | 1 | 3 |
Non cash compensation expense | |||||||||
13 | 13 | 13 | 13 | 13 | 28 | 35 | 30 | 68 | 72 |
Impairment loss on property and equipment (Note 5) | |||||||||
- | - | - | - | 13 | 0 | - | - | - | - |
Loss on write-down of investment in privately held company | |||||||||
- | - | 20 | 15 | 15 | 0 | 35 | 0 | - | - |
Changes in operating assets and liabilities: | |||||||||
Realized gain on marketable securities that were previously marked down | |||||||||
- | - | - | - | - | - | - | - | - | 151 |
Interest receivable on loans | |||||||||
79 | 61 | 188 | -36 | 168 | 42 | 11 | 50 | 18 | 31 |
Other assets | |||||||||
-3 | 19 | -0 | -3 | 5 | 8 | -0 | 2 | -8 | -13 |
Accounts payable and accrued expenses | |||||||||
-31 | 16 | 62 | 5 | -63 | 106 | -13 | 10 | 3 | 6 |
Deferred origination fees | |||||||||
82 | -106 | 16 | -35 | -34 | -112 | -9 | -9 | -36 | - |
Net cash provided by operating activities | |||||||||
4,431 | 4,360 | 3,462 | 3,051 | 2,121 | - | - | - | 381 | 223 |
Cash flows from investing activities: | |||||||||
Deferred origination fees | |||||||||
- | - | - | - | - | - | - | - | - | 26 |
Income taxes payable | |||||||||
- | - | - | - | - | -373 | 104 | 99 | -11 | 18 |
Net cash provided by operating activities | |||||||||
- | - | - | - | - | 1,278 | 785 | 533 | - | - |
Proceeds from sale of marketable securities | |||||||||
- | - | - | - | - | - | - | - | - | 431 |
Investment in real estate (net of proceeds of $528,179 from partial exercises of options - see Note 5) | |||||||||
- | - | - | - | - | - | - | - | 146 | 0 |
Issuance of short term loans | |||||||||
-48,053 | -51,859 | -37,871 | 36,657 | 21,609 | 22,585 | 15,159 | 15,173 | 8,512 | 6,141 |
Collections received from loans | |||||||||
49,420 | 42,146 | 27,502 | - | - | - | - | - | - | - |
Collections received from loans | |||||||||
- | - | - | 32,805 | 14,737 | 13,248 | 14,088 | 10,963 | 7,254 | 4,461 |
Proceeds from exercise of option (Note 5) | |||||||||
- | - | - | - | - | 146 | 0 | - | - | - |
Purchase of fixed assets | |||||||||
- | 1 | 1 | 3 | 9 | 19 | 0 | - | - | - |
Net cash (used in) provided by investing activities | |||||||||
1,366 | -9,713 | -10,370 | -3,854 | -6,880 | - | - | - | -1,404 | -1,247 |
Cash flows from financing activities: | |||||||||
Net cash used in investing activities | |||||||||
- | - | - | - | - | -9,209 | -1,070 | -4,210 | - | - |
Proceeds from (repayment of) line of credit, net | |||||||||
-1,389 | -292 | 10,431 | -5,338 | 4,121 | - | - | - | - | - |
Repayments of loans, net | |||||||||
- | - | - | - | 1,373 | - | - | - | - | - |
Proceeds from line of credit, net | |||||||||
- | - | - | - | - | 3,500 | - | - | - | - |
Proceeds from public offering, net | |||||||||
- | 9,882 | - | 4,210 | 4,237 | - | 0 | - | - | - |
Proceeds from public bond offering, net | |||||||||
- | - | - | 5,309 | - | - | - | - | - | - |
Proceeds from public bond offering, net | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Proceeds from public offering, net | |||||||||
- | - | - | - | - | 4,288 | - | - | - | - |
Dividend paid | |||||||||
4,636 | 3,998 | 3,288 | 2,704 | 2,129 | 853 | 128 | 0 | - | - |
Proceeds from exercise of stock options and warrants | |||||||||
20 | 48 | - | - | - | - | - | - | - | - |
Proceeds from loans and line of credit, net | |||||||||
- | - | - | - | - | - | 1,770 | 3,740 | 859 | 300 |
Purchase of treasury shares | |||||||||
- | - | - | - | - | - | 99 | 28 | 0 | - |
Repayment of senior secured notes | |||||||||
- | - | - | - | - | - | 500 | 0 | - | - |
Proceeds from exercise of stock options and warrants | |||||||||
- | - | 20 | 409 | 134 | 55 | 22 | 0 | - | - |
Purchase of treasury shares | |||||||||
29 | 48 | 172 | 0 | - | - | - | - | - | - |
Repayments of short-term loans, net | |||||||||
- | - | - | 1,095 | - | - | - | - | - | - |
Proceeds from issuance of senior secured notes | |||||||||
- | - | - | - | - | - | - | - | - | 500 |
Deferred financing costs incurred | |||||||||
- | 20 | 43 | 0 | 171 | 32 | 0 | 16 | 0 | 97 |
Net cash provided by (used in) financing activities | |||||||||
-6,034 | 5,571 | 6,948 | 791 | 4,818 | - | - | - | 859 | 702 |
Net increase (decrease) in cash | |||||||||
-236 | 218 | 40 | - | - | - | - | - | - | - |
Net cash (used in) provided by financing activities | |||||||||
- | - | - | - | - | 6,957 | 1,065 | 3,695 | - | - |
Net (decrease) increase in cash and cash equivalents | |||||||||
- | - | - | -10 | 59 | -973 | 780 | 18 | -164 | -321 |
Supplemental Cash Flow Information: | |||||||||
Taxes paid during the year | |||||||||
0 | 0 | - | - | - | 416 | 283 | 203 | 203 | 203 |
Taxes paid during the year | |||||||||
- | - | 2 | 1 | 0 | - | - | - | - | - |
Interest paid during the period | |||||||||
1,560 | 1,584 | 1,034 | 691 | - | - | - | - | - | - |
Operating leases paid during the period | |||||||||
52 | 50 | - | - | - | - | - | - | - | - |
Interest paid during the period | |||||||||
- | - | - | - | 596 | 563 | 400 | 234 | 120 | 28 |
Supplemental Information - Noncash Information: | |||||||||
Dividend declared and payable | |||||||||
1,159 | 1,158 | 891 | 813 | 617 | - | - | - | - | - |
Establishment of right-of-use asset and operating lease liability | |||||||||
135 | - | - | - | - | - | - | - | - | - |
Loan holdback relating to mortgage receivable | |||||||||
15 | - | - | - | - | - | - | - | - | - |
Forgiveness of debt by related party | |||||||||
- | - | - | - | - | - | - | - | - | 27 |
Warrants issued in connection with issuance of senior secured notes | |||||||||
- | - | - | - | - | - | - | - | - | 11 |