| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | ||||||
NET LOSS | ||||||
-871 | -2,138 | -5,565 | -8,796 | -4,687 | -4,509 | -177 |
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||||||
Depreciation and amortization | ||||||
3,070 | 2,913 | 4,299 | - | - | - | - |
Depreciation and amortization | ||||||
- | - | - | 5,108 | 4,598 | 2,791 | 948 |
Deferred rent | ||||||
- | 61 | 53 | 33 | 11 | -9 | -28 |
Lease amortization | ||||||
1,888 | - | - | - | - | - | - |
Deferred revenue | ||||||
-5 | -46 | 22 | - | - | - | - |
Provision for doubtful accounts | ||||||
118 | 723 | - | - | - | - | - |
Deferred revenue | ||||||
- | - | - | -41 | -28 | -31 | -9 |
Deferred income taxes | ||||||
- | - | - | - | -171 | -153 | -106 |
Provision for doubtful accounts | ||||||
- | - | 409 | 291 | 275 | 169 | -32 |
Provision (benefit) for deferred income taxes | ||||||
80 | -207 | 26 | 174 | - | - | - |
Foreign exchange (gain) loss | ||||||
-827 | 434 | 248 | -92 | 157 | -123 | 196 |
Interest accretion | ||||||
497 | 191 | 722 | 200 | 50 | 77 | 0 |
Forgiveness of advance to shareholder | ||||||
- | - | - | - | - | - | 69 |
Gain from reduction in referral fee | ||||||
- | - | - | - | - | 105 | 0 |
Gain on sale of assets | ||||||
38 | - | - | - | - | 0 | 13 |
Non-cash restructuring charges | ||||||
- | - | 17 | 0 | - | - | - |
Stock-based compensation expense | ||||||
3,215 | 2,463 | 1,487 | 1,877 | 628 | 258 | 0 |
Change in contingent consideration | ||||||
-343 | 73 | 151 | -715 | -1,786 | -1,811 | 0 |
Other | ||||||
- | - | - | - | - | 13 | -10 |
Changes in operating assets and liabilities, net of businesses acquired: | ||||||
Accounts receivable | ||||||
-765 | -1,479 | -41 | 456 | -520 | 2,167 | 22 |
Contract asset | ||||||
-362 | 404 | - | - | - | - | - |
Inventory | ||||||
46 | 137 | - | - | - | - | - |
Other assets | ||||||
529 | -248 | -511 | -323 | -233 | -72 | -26 |
Accounts payable and other liabilities | ||||||
-1,372 | 2,149 | -1,541 | 1,087 | -1,689 | 2,283 | 189 |
Net cash (used in) provided by operating activities | ||||||
7,617 | 6,812 | 281 | -889 | -1,882 | - | - |
INVESTING ACTIVITIES: | ||||||
Net cash used in operating activities | ||||||
- | - | - | - | - | -2,700 | 928 |
Capital expenditures - fixed assets | ||||||
2,558 | 1,028 | 697 | 463 | 421 | 1,116 | 286 |
Cash paid for acquisition (net) | ||||||
1,600 | 12,600 | 205 | 3,370 | 180 | 11,536 | 275 |
Net cash used in investing activities | ||||||
-4,158 | -13,628 | -902 | -3,833 | -602 | - | - |
FINANCING ACTIVITIES: | ||||||
Proceeds from issuance of common stock, net of fees and expenses | ||||||
- | - | 1,972 | 0 | - | 17,167 | 0 |
Proceeds from issuance of preferred stock, net of fees and expenses | ||||||
9,586 | 22,817 | 16,535 | 1,270 | 4,679 | 0 | - |
Proceeds from notes payable - convertible note | ||||||
- | - | - | - | - | - | 500 |
Payment of registration statement and bank costs | ||||||
- | - | - | - | 0 | - | 882 |
Preferred stock dividends paid | ||||||
6,109 | 4,102 | 1,485 | 709 | 47 | 0 | - |
Purchase of common shares | ||||||
- | - | - | 546 | 122 | 0 | - |
Settlement of tax withholding obligations on stock issued to employees | ||||||
1,391 | 333 | 195 | 8 | - | - | - |
Repayments of line of credit | ||||||
- | 11,276 | 11,197 | 6,000 | 10,678 | 5,525 | 4,464 |
Repayments of notes payable, net | ||||||
430 | 464 | - | - | - | - | - |
Contingent consideration payments | ||||||
182 | 150 | 145 | 190 | 0 | - | - |
Proceeds from note payable to majority shareholder | ||||||
- | - | - | - | 410 | 165 | 1,000 |
Repayments of note payable to majority shareholder | ||||||
- | - | - | - | 880 | 430 | 115 |
Advances to majority shareholder | ||||||
- | - | - | - | - | 2 | 381 |
Repayment of advances to majority shareholder | ||||||
- | - | - | - | - | 2 | 227 |
Proceeds from sale of assets | ||||||
- | - | - | - | - | - | 9 |
Net cash used in investing activities | ||||||
- | - | - | - | - | -12,652 | -706 |
Proceeds from long term debt, net of costs | ||||||
- | - | - | 1,908 | 5,489 | 0 | - |
Repayments of notes payable | ||||||
- | - | 12,719 | 1,389 | 810 | 1,222 | 912 |
Repayment of Prudential obligation | ||||||
- | - | - | 0 | - | - | - |
Proceeds from line of credit | ||||||
- | 11,276 | 9,197 | 6,000 | 11,463 | 5,725 | 4,907 |
Other financing activities | ||||||
-50 | -111 | -116 | -186 | - | - | - |
Net cash provided by (used in) financing activities | ||||||
1,422 | 17,656 | 1,843 | 148 | 9,503 | - | - |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | ||||||
639 | -730 | - | - | - | - | - |
NET DECREASE IN CASH | ||||||
5,521 | 10,110 | - | - | - | - | - |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | ||||||
- | - | -338 | 11 | -26 | - | - |
Net cash provided by financing activities | ||||||
- | - | - | - | - | 15,878 | 33 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | ||||||
- | - | - | - | - | 24 | -26 |
NET DECREASE IN CASH | ||||||
- | - | 885 | -4,562 | 6,990 | 550 | 229 |
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES: | ||||||
Acquisition through issuance of promissory notes | ||||||
- | - | - | - | 375 | - | - |
Equity issued in connection with acquisitions | ||||||
- | - | - | - | - | 1,601 | 0 |
Conversion of convertible note to common stock | ||||||
- | - | - | - | - | 587 | 0 |
Vehicle financing obtained | ||||||
24 | 90 | 26 | 222 | 30 | 78 | 6 |
Dividends declared, not paid | ||||||
1,745 | 1,468 | 747 | 202 | 159 | - | - |
Purchase of prepaid insurance through assumption of note | ||||||
301 | 271 | 222 | - | - | - | - |
Acquisition through issuance of promissory notes | ||||||
- | - | - | - | - | 0 | 1,225 |
Warrants issued | ||||||
- | 101 | 390 | 678 | 888 | 4,437 | 0 |
Purchase of prepaid insurance through assumption of note | ||||||
- | - | - | 313 | 374 | 486 | 0 |
Warrants issued | ||||||
- | - | - | 52 | - | - | - |
Accrued IPO-related costs | ||||||
- | - | - | - | - | - | 430 |
SUPPLEMENTAL INFORMATION - Cash paid during the period for: | ||||||
Income taxes | ||||||
119 | 42 | 9 | 52 | 9 | 5 | 22 |
Interest | ||||||
67 | 64 | 612 | 451 | 256 | 147 | 155 |