| 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 | |||||||||
- | - | - | - | 460 | 2,030 | 1,435 | 1,934 | 2,335 | 1,941 |
Net income | |||||||||
3,498 | 2,795 | 2,603 | 2,095 | - | - | - | - | - | - |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||
Depreciation and amortization | |||||||||
- | - | - | - | 916 | 843 | 782 | 701 | 754 | 689 |
Depreciation and amortization | |||||||||
1,289 | 1,175 | 955 | 974 | - | - | - | - | - | - |
Deferred income taxes | |||||||||
31 | 126 | -59 | -26 | 104 | -37 | -1 | -10 | 231 | -92 |
Loss on sale of property, plant and equipment | |||||||||
- | - | - | - | -12 | 0 | - | - | - | - |
Stock based compensation | |||||||||
275 | 330 | 324 | 305 | 168 | 356 | 318 | 276 | 395 | 378 |
Provision for bad debts | |||||||||
6 | 35 | 198 | -3 | - | - | - | - | - | - |
Provision for slow moving and obsolete inventory | |||||||||
-39 | 9 | - | - | - | - | - | - | - | - |
Other operating non-cash items | |||||||||
0 | 6 | -4 | -14 | -1 | 17 | -61 | -15 | 17 | -93 |
Changes in assets and liabilities: | |||||||||
Trade accounts receivable | |||||||||
1,479 | 729 | 230 | -163 | 244 | 517 | 1,502 | 366 | 307 | 124 |
Receivables due from affiliated companies | |||||||||
-83 | -538 | 394 | 139 | 336 | 178 | -19 | 60 | 282 | -24 |
Inventories | |||||||||
-2,570 | 3,021 | 479 | 700 | -191 | 716 | -1,858 | -375 | 1,849 | 1,113 |
Other assets | |||||||||
- | - | - | - | - | - | 106 | -9 | -41 | -78 |
Prepaid expenses and other current assets | |||||||||
-75 | -2 | -0 | 71 | 91 | 210 | 90 | 106 | 134 | -214 |
Accounts payable - trade | |||||||||
-424 | -334 | 295 | 410 | -338 | - | - | - | - | - |
Income taxes payable | |||||||||
- | - | -1 | 1 | - | - | - | - | - | - |
Accrued expenses payable | |||||||||
106 | 296 | -287 | 1 | -33 | - | - | - | - | - |
Accounts payable and other accrued expenses | |||||||||
- | - | - | - | - | 234 | -209 | 5 | -545 | 63 |
Net cash provided by (used in) operating activities | |||||||||
5,991 | 1,218 | 2,928 | 3,025 | 812 | 1,786 | 2,565 | 2,774 | 620 | 2,152 |
Cash flows from investing activities: | |||||||||
Purchases of property, plant and equipment | |||||||||
718 | 1,358 | 5,275 | 443 | 997 | 830 | 512 | 770 | 472 | 632 |
Increase in cash restricted for plant expansion | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Cash paid for acquisition of joint venture partner's interest in OdorStar | |||||||||
- | - | - | - | - | 150 | - | - | - | - |
Purchase of intangible assets | |||||||||
75 | 376 | - | - | 11 | 0 | - | - | - | 177 |
Sale of property, plant and equipment | |||||||||
- | - | - | - | 55 | 0 | - | - | - | - |
Purchase of royalty rights | |||||||||
- | - | - | - | - | - | 160 | 0 | - | - |
Contributions from (to) joint venture from non-controlling partner | |||||||||
- | - | - | - | - | - | - | - | -36 | 97 |
Net cash used in investing activities | |||||||||
-793 | -1,735 | -5,275 | -443 | -954 | -980 | -672 | -770 | -435 | -907 |
Cash flows from financing activities: | |||||||||
Net borrowings under revolving line of credit | |||||||||
- | - | - | - | - | - | - | -850 | 850 | -250 |
Proceeds from notes payable related party | |||||||||
- | - | - | - | - | - | - | - | - | 471 |
Repayments of notes payable related party | |||||||||
- | - | - | - | - | - | - | - | 471 | - |
Proceeds from long-term debt | |||||||||
- | - | 4,500 | 0 | - | - | - | - | 2,430 | - |
Payments on long-term debt | |||||||||
448 | 332 | 315 | 451 | 437 | 414 | 407 | 400 | 3,088 | 452 |
Borrowings on revolving line of credit | |||||||||
1,000 | 2,750 | 1,000 | 0 | - | - | - | - | - | - |
Repayments on revolving line of credit | |||||||||
1,000 | 2,750 | 1,000 | 0 | - | - | - | - | - | - |
Payments for taxes related to net share settlements of stock awards | |||||||||
- | - | 22 | 8 | - | - | - | - | - | - |
Payments for taxes related to net share settlements of stock awards | |||||||||
20 | 25 | - | - | 12 | - | - | - | - | - |
Dividends paid to common shareholders | |||||||||
468 | 555 | 549 | 540 | - | 440 | - | - | - | - |
Payments for debt issuance costs | |||||||||
- | - | 196 | 0 | - | - | - | - | - | - |
Redemption of warrants | |||||||||
- | - | - | - | - | - | - | - | - | 901 |
Proceeds from exercise of stock options | |||||||||
13 | - | 26 | 21 | 0 | 63 | 79 | 169 | 65 | 7 |
Net cash used in financing activities | |||||||||
-923 | -913 | 3,442 | -978 | -450 | -791 | -327 | -1,080 | -215 | -1,125 |
Effect of exchange rate on cash | |||||||||
2 | -1 | - | - | - | - | - | - | - | - |
Change in cash prior to effect of exchange rate on cash | |||||||||
- | - | - | - | - | - | - | - | - | 120 |
Effect of exchange rate on cash and restricted cash | |||||||||
- | - | 0 | -1 | -1 | -23 | -1 | 0 | -0 | -0 |
Net increase (decrease) in cash and restricted cash | |||||||||
4,276 | -1,431 | 1,095 | - | - | - | - | - | - | - |
Net (decrease) increase in cash | |||||||||
- | - | - | 1,602 | -594 | -9 | 1,563 | 923 | -29 | 120 |
Supplemental disclosure of cash flow information: | |||||||||
Cash paid for interest during period | |||||||||
156 | 136 | 29 | 19 | - | - | - | - | - | - |
Cash paid for interest during period | |||||||||
- | - | - | - | 34 | 51 | 68 | 100 | 163 | 103 |
Cash paid for income taxes during period | |||||||||
778 | 660 | 1,282 | 993 | 169 | 1,090 | 763 | 1,352 | 1,335 | 737 |
Cash paid under operating lease | |||||||||
94 | 94 | - | - | - | - | - | - | - | - |
Cash | |||||||||
6,125 | 1,401 | 2,418 | - | - | - | - | - | - | - |
Restricted cash | |||||||||
1,885 | 2,332 | 2,747 | - | - | - | - | - | - | - |
Total cash and restricted cash | |||||||||
8,010 | 3,733 | 5,165 | - | - | - | - | - | - | - |
Noncash lease activities: | |||||||||
Operating lease right to use asset exchanged for operating lease liability | |||||||||
100 | 1,000 | - | - | - | - | - | - | - | - |
Operating lease right to use asset exchanged for operating lease liability | |||||||||
432 | - | - | - | - | - | - | - | - | - |
Finance lease right to use assets exchanged for finance lease liabilities | |||||||||
44 | - | - | - | - | - | - | - | - | - |
Imputed interest | |||||||||
-2 | -69 | - | - | - | - | - | - | - | - |
Principal portion of note payable issued for asset acquisition | |||||||||
97 | 930 | - | - | - | - | - | - | - | - |
Issuance of note receivable for amounts due | |||||||||
- | - | - | - | - | - | 111 | 0 | - | - |
Amounts due from joint venture partner released as part of acquisition of joint venture partner's interest in OdorStar | |||||||||
- | - | - | - | - | 305 | - | - | - | - |
Assets contributed to consolidated joint venture by noncontrolling partner | |||||||||
- | - | - | - | - | - | - | - | - | 478 |