| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Cash flows used in operating activities: | ||||||
Net income | ||||||
2,325 | -7,515 | -4,757 | ||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
7,366 | 7,027 | 7,659 | ||||
Amortization of deferred charges | ||||||
76 | 76 | - | ||||
Loss on write-off of investment in joint venture (note 5) | ||||||
-1,184 | - | - | ||||
Share of income from joint ventures | ||||||
13,777 | -170 | -470 | ||||
Interest expense | ||||||
2,614 | 2,794 | 2,695 | ||||
Interest income | ||||||
1,036 | 311 | - | ||||
Interest paid on long-term debt | ||||||
2,635 | 2,417 | 2,614 | ||||
Loss (gain) on disposal of assets | ||||||
13,564 | - | -8 | ||||
Lease payments | ||||||
1,043 | - | - | ||||
Share-based compensation | ||||||
4,714 | 1,454 | 1,519 | ||||
Deferred income taxes | ||||||
-5,855 | -2,730 | -792 | ||||
Changes in non-cash working capital items | ||||||
-5,244 | 3,149 | 3,519 | ||||
Net cash used in operating activities | ||||||
-14,387 | -4,677 | 669 | ||||
Cash flows used in investing activities: | ||||||
Purchases of property, plant and equipment, net of rebate | ||||||
2,287 | 3,093 | 1,696 | ||||
Investment in joint ventures | ||||||
96 | - | - | ||||
Notes receivable loaned to joint ventures (note 11) | ||||||
14,507 | 10,462 | - | ||||
Proceeds from sale of land | ||||||
52 | 65 | - | ||||
Net cash used in investing activities | ||||||
-16,838 | -13,490 | -1,696 | ||||
Cash flows from financing activities: | ||||||
Proceeds from borrowings | ||||||
4,000 | 7,000 | 7,306 | ||||
Repayments on borrowings | ||||||
7,423 | 7,706 | 14,320 | ||||
Proceeds from issuance of common stock | ||||||
34,226 | 23,492 | 9,769 | ||||
Proceeds from exercise of stock options | ||||||
208 | 283 | 59 | ||||
Proceeds from exercise of warrants | ||||||
466 | - | - | ||||
Payments on capital lease obligations | ||||||
90 | 71 | 59 | ||||
Net cash provided by financing activities | ||||||
31,387 | 22,998 | 2,755 | ||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-93 | -2 | -10 | ||||
Net increase (decrease) in cash and cash equivalents | ||||||
69 | 4,829 | 1,718 | ||||
Supplemental cash flow information: | ||||||
Income taxes paid (recovered) | ||||||
904 | 290 | -25 | ||||
Supplemental disclosure of non-cash information: | ||||||
Purchases of capital expenditures by financing capital lease | ||||||
- | - | 190 | ||||
Issuance of warrants | ||||||
- | - | 148 | ||||