| 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 loss: | |||||||||
-4,786 | 856 | 163 | 95 | 1,507 | 1,201 | - | - | - | - |
Net income | |||||||||
- | - | - | - | - | - | 3,392 | 1,062 | 1,569 | 984 |
Adjustments to reconcile net income to net cash used in operating activities: | |||||||||
Amortization and depreciation | |||||||||
1,192 | 990 | 906 | 594 | 474 | 603 | 1,572 | 1,564 | 1,642 | 1,919 |
Goodwill impairment | |||||||||
4,845 | - | - | - | - | - | - | - | - | - |
Miami earn-out fair value adjustment | |||||||||
- | - | - | - | - | - | - | - | -111 | - |
Miami earn-out fair value adjustment | |||||||||
- | - | - | - | - | - | - | - | - | -249 |
Share based payment expense | |||||||||
216 | 363 | 556 | 349 | 209 | 189 | 159 | 68 | 61 | - |
Deferred income taxes | |||||||||
94 | 110 | - | - | - | - | - | - | - | - |
Revaluation of contingent liability to seller | |||||||||
- | - | - | -30 | 104 | 0 | - | - | - | - |
Bad debt expense | |||||||||
11 | 58 | 172 | 153 | 172 | 0 | - | - | 66 | 116 |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
-2,449 | -1,668 | -3,148 | 3,916 | 519 | 1,155 | 1,423 | -1,556 | 3,002 | -2,263 |
Prepaid expenses and other current assets | |||||||||
46 | 17 | -667 | 656 | -71 | -209 | 85 | -49 | 89 | -191 |
Right of use assets-operating | |||||||||
-1,143 | - | - | - | - | - | - | - | - | - |
Other assets | |||||||||
1 | -23 | -27 | -241 | 269 | - | - | - | - | - |
Due to models | |||||||||
-1,314 | -1,381 | -4,027 | 4,472 | -777 | 1,342 | 1,612 | -2,507 | 2,189 | 103 |
Lease liabilities-operating | |||||||||
-1,219 | - | - | - | - | - | - | - | - | - |
Accounts payable and accrued liabilities | |||||||||
-1,047 | 1,086 | -796 | 1,009 | -906 | 1,341 | - | - | - | - |
Contingent liability to seller | |||||||||
- | - | -97 | 0 | - | - | - | - | - | - |
Deferred income taxes | |||||||||
- | - | 1,046 | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||
- | - | - | 519 | 626 | 718 | -2,170 | 0 | - | - |
Cash paid for business acquisition, net of cash acquired (Note 1) | |||||||||
- | - | - | - | 282 | 0 | - | - | - | - |
(Decrease) in foreign withholding claim | |||||||||
- | - | - | - | - | - | - | - | -298 | -726 |
(Decrease) increase in accounts payable and accrued liabilities | |||||||||
- | - | - | - | - | - | - | - | - | 1,086 |
Foreign withholding claim subject to indemnification | |||||||||
- | - | - | - | - | - | - | - | - | 726 |
Increase in accounts payable and accrued liabilities | |||||||||
- | - | - | - | - | - | - | - | - | -356 |
Net cash used in operating activities | |||||||||
1,537 | 3,756 | -327 | 2,890 | - | - | - | - | 1,850 | 1,149 |
Accounts payable and accrued liabilities | |||||||||
- | - | - | - | - | - | 303 | -921 | -194 | - |
(Decrease) in foreign withholding claim | |||||||||
- | - | - | - | - | - | -428 | - | -298 | - |
(Decrease) in earn-out liability | |||||||||
- | - | - | - | - | - | - | - | 503 | - |
(Decrease) in deferred revenues | |||||||||
- | - | - | - | - | - | - | -540 | - | - |
Net cash used by operating activities | |||||||||
- | - | - | - | 484 | 4,448 | 2,932 | 331 | - | - |
Cash flows from investing activities: | |||||||||
Purchases of property and equipment | |||||||||
394 | 443 | 657 | 1,594 | 1,028 | 771 | 421 | 102 | 354 | 105 |
Net cash used in investing activities | |||||||||
-394 | -443 | -657 | -1,594 | - | - | - | - | -354 | -105 |
Proceeds from sale of restricted certificate of deposit | |||||||||
- | - | - | - | - | 222 | - | - | - | - |
Net cash used in investing activities | |||||||||
- | - | - | - | -1,310 | -549 | -421 | -102 | - | - |
Cash flows from financing activities: | |||||||||
Decrease in earn-out liability | |||||||||
- | - | - | - | - | - | 20 | 1,735 | - | - |
Proceeds from Amegy line of credit | |||||||||
- | - | - | - | - | - | 500 | 2,000 | 500 | - |
Repayment of Amegy line of credit | |||||||||
- | - | - | - | - | 800 | 950 | 1,250 | - | 250 |
Repayment of Esch promissory note | |||||||||
- | - | - | - | - | - | - | - | 600 | 1,150 |
Purchases of treasury stock | |||||||||
259 | 1,200 | - | 2,775 | 475 | 6 | 410 | 1,227 | - | - |
Payments on finance leases | |||||||||
111 | - | - | - | - | - | - | - | - | - |
Proceeds from term loan | |||||||||
- | 1,000 | - | 2,730 | 0 | - | - | - | - | - |
Repayment of term loan | |||||||||
623 | 524 | 502 | 81 | - | - | - | - | - | 41 |
Net cash used in financing activities | |||||||||
-993 | -724 | -502 | -126 | - | - | - | - | -100 | -1,441 |
Net cash used in financing activities | |||||||||
- | - | - | - | -475 | -806 | -880 | -2,212 | - | - |
Foreign currency effect on cash flows: | |||||||||
95 | -97 | 54 | -38 | -12 | 0 | - | - | - | - |
Net change in cash and cash equivalents: | |||||||||
245 | 2,492 | -1,432 | 1,132 | -1,313 | 3,093 | 1,631 | -1,983 | 1,396 | -397 |
Issuance of contingent consideration to seller | |||||||||
- | - | - | - | 171 | 0 | - | - | - | - |
Supplemental disclosures of cash flow information: | |||||||||
Cash paid for interest | |||||||||
114 | 99 | 110 | 81 | - | - | - | - | - | - |
Cash paid for income taxes | |||||||||
5 | 44 | - | 320 | - | - | - | - | - | - |
Cash paid for interest | |||||||||
- | - | - | - | 0 | 8 | 61 | 44 | 28 | 66 |
Cash refund of income taxes | |||||||||
- | - | 376 | - | 284 | 298 | 346 | 698 | 632 | 161 |