Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Jan. 02, 2016
Operating activities    
Net loss $ (1,765) $ (3,932)
Adjustments to reconcile net loss to net cash and cash equivalents provided by operating activities:    
Depreciation and amortization 1,264 1,270
Share-based compensation 245 316
Amortization of deferred financing costs 185 107
Deferred income taxes (97) (612)
Other 15 (5)
Changes in assets and liabilities:    
Accounts receivable 1,012 (584)
Inventories 442 (620)
Income taxes receivable 1,132 (414)
Other current assets 167 66
Accounts payable and accrued expenses 59 999
Net cash flows (used in) provided by operating activities 2,659 (3,409)
Investing activities    
Purchases of property and equipment (375) (404)
Decrease (increase) in restricted cash 0 (500)
Proceeds from sale of property and equipment 0 7
Other (37) (52)
Net cash flows used in investing activities (412) (949)
Financing activities    
Net (payments) borrowings under line of credit (2,335) 3,431
Payments on debt obligations (941) (757)
Proceeds from issuance of debt obligations 200 325
Debt issuance costs (148) 0
Tax deficiency related to share-based compensation 0 (11)
Proceeds from issuance of Common Stock 0 24
Net cash flows provided by (used in) financing activities (3,224) 3,012
Effect of changes in exchange rate on cash and cash equivalents (24) (208)
Decrease in cash and cash equivalents (1,001) (1,554)
Cash and cash equivalents at beginning of year 1,969 3,523
Cash and cash equivalents at end of year 968 1,969
Supplemental disclosures of cash flow information    
Cash payments for interest 1,054 970
Cash refunds for income taxes (874) (694)
Non-cash investing and financing activities    
Debt issuance costs related to credit agreement renewal 63 0
Debt issuance costs paid through the issuance of common stock $ 694 $ 0