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. 30, 2017
Dec. 31, 2016
Operating activities    
Net income (loss) attributable to Company $ 118 $ (1,451)
Less: loss attributable to noncontrolling interest 496 314
Net loss (378) (1,765)
Loss from discontinued operations 5,775 1,299
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,147 959
Amortization of debt issuance costs 253 185
Stock based compensation expense 272 245
Change in provision for doubtful accounts 7 0
Gain on sale of property (5,163) 0
Gain on sale of variable interest entity equity (81) 0
Gain on sale of property and equipment (134) 0
Change in deferred rent (78) 7
Change in deferred compensation 28 0
Change in deferred income taxes (1,633) (97)
Other (833) 37
Changes in assets and liabilities:    
Accounts receivable (1,159) 499
Prepaid expenses and other current assets 513 (342)
Inventories 264 1,000
Accounts payable and accrued expenses (2,081) (361)
Accrued income taxes 19 1,110
Net cash provided (used) by operating activities - continuing operations (2,262) 2,776
Net cash provided (used) by operating activities - discontinued operations 3,488 (117)
Net cash flows (used in) provided by operating activities 1,226 2,659
Investing activities    
Purchases of property and equipment (22) (375)
Proceeds from sale of property and equipment, net 6,785 0
Purchase of intangible assets, GeoTraq Inc, net of debt and Series A preferred stock issued (199) 0
Sale of variable interest entity equity in AAP less cash of deconsolidated variable interest entity 765 0
Other 0 (37)
Net cash provided by (used) in investing activities - continuing operations 7,329 (412)
Net cash provided by (used) in investing activities - discontinued operations 0 0
Net cash provided by (used) in investing activities 7,329 (412)
Financing activities    
Net payments under line of credit - PNC Bank (10,333) (2,335)
Net borrowing under the line of credit - MidCap Financial Trust 5,605 0
Proceeds from issuance of debt obligations 1,237 200
Payments on short term notes payable (500)  
Payment of debt issuance costs (546) (148)
Payments on debt obligations (1,731) (941)
Net cash used in financing activities - continuing operations (6,268) (3,224)
Net cash used in financing activities - discontinued operations 0 0
Net cash used in financing activities (6,268) (3,224)
Effect of changes in exchange rate on cash and cash equivalents 58 (24)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,345 (1,001)
CASH AND CASH EQUIVALENTS, beginning of year 968 1,969
CASH AND CASH EQUIVALENTS, end of year 3,313 968
Supplemental cash flow disclosures:    
Interest paid 779 1,054
Income taxes refunded (paid) 48 (874)
Noncash financing and investing activities:    
Notes payable issued to sellers of GeoTraq, Inc. 800 0
Series A convertible preferred stock issued to sellers of GeoTraq, Inc. 12,322 0
Beneficial conversion feature attributable to Series A convertible preferred stock issued 2,641 0
Debt issuance costs related to credit agreement renewal 0 63
Debt issuance costs paid through the issuance of common stock 0 694
Due from buyer of Appliancesmart - Live Ventures Incorporated 6,500 $ 0
Non-cash de-consolidation of variable interest entity - AAP:    
Accounts Receivable 110  
Prepaid and Other 103  
Inventory 119  
Property Plant and Equipment 11,113  
Accumulated Depreciation (4,304)  
Other Assets, includes net equity investment in variable interest entity 93  
Accounts Payable (2,661)  
Accrued Expenses (619)  
Current portion of long term obligations (729)  
Long term obligations (3,431)  
Non-controlling interest 90  
Gain on sale and deconsolidation of variable interest entity - AAP 81  
Cash decrease upon AAP deconsolidation $ (35)