v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
OPERATING ACTIVITIES:    
Net loss $ (5,357) $ (4,111)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,046 2,993
Amortization of debt issuance costs 111 553
Amortization of right to use assets - operating leases 33  
Stock based compensation expense 447 596
Gain on sale of property and equipment   (2)
Change in deferred rent (48) (6)
Change in deferred compensation (148) 92
Change in deferred income taxes (1,823) (1,148)
Other 376 (152)
Changes in assets and liabilities:    
Accounts receivable (93) 2,484
Income taxes receivable (47)  
Prepaid expenses and other current assets 71 (121)
Inventories (919) (168)
Accounts payable and accrued expenses 708 2,300
Accrued income taxes   9
Net cash provided by (used in) operating activities (3,643) 3,319
INVESTING ACTIVITIES:    
Purchases of property and equipment (436) (197)
Proceeds from the sale of property and equipment   2
Net payments received from Live Ventures Incorporated note receivable 881 168
Net cash provided by (used in) investing activities 445 (27)
FINANCING ACTIVITIES:    
Net payments under line of credit - MidCap Financial Trust   (5,605)
Proceeds from issuance of long term debt obligations 471 562
Proceeds from related party note 2,500  
Payments on debt obligations (355) (819)
Net cash provided by (used in) financing activities 2,616 (5,862)
Effect of changes in exchange rate on cash and cash equivalents 25 (25)
DECREASE IN CASH AND CASH EQUIVALENTS (557) (2,595)
CASH AND CASH EQUIVALENTS, beginning of period 1,195 3,313
CASH AND CASH EQUIVALENTS, end of period 638 718
Supplemental cash flow disclosures:    
Interest paid 71 631
Income taxes paid 44 80
Net liabilities assumed by ApplianceSmart   $ 1,901
Right to use asset - operating leases capitalized $ 2,272  

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