Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Operating activities    
Net income (loss) attributable to Company $ (1,475) $ 2,208
Loss from discontinued operations 0 (57)
Less: loss attributable to noncontrolling interest 0 263
Net income (loss) (1,475) 2,002
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 994 257
Amortization of debt issuance costs 478 53
Stock based compensation expense 0 23
Change in provision for doubtful accounts 277 (26)
Gain on sale of property 0 (5,163)
Change in deferred rent 7 (26)
Change in deferred compensation 32 0
Change in deferred income taxes (575) 477
Other 11 (623)
Changes in assets and liabilities:    
Accounts receivable 3,624 2,556
Prepaid expenses and other current assets 159 (451)
Inventories (389) (2,519)
Accounts payable and accrued expenses 211 (1,040)
Accrued income taxes 0 775
Net cash provided (used) by operating activities - continuing operations 3,354 (3,705)
Net cash provided by operating activities - discontinued operations 0 5,922
Net cash provided by operating activities 3,354 2,217
Investing activities    
Purchases of property and equipment (14) (67)
Proceeds from sale of property 0 6,785
Net payments received from Live Ventures Incorporated receivable 1,427 0
Net cash provided by investing activities - continuing operations 1,413 6,718
Net cash (used) in investing activities - discontinued operations 0 (95)
Net cash provided by in investing activities 1,413 6,623
Financing activities    
Net payments under line of credit - PNC Bank 0 (7,959)
Net payments under the line of credit - MidCap Financial Trust (5,605) 0
Payments on debt obligations (305) (1,078)
Net cash used in financing activities - continuing operations (5,910) (9,037)
Net cash used in financing activities - discontinued operations 0 0
Net cash used in financing activities (5,910) (9,037)
Effect of changes in exchange rate on cash and cash equivalents (22) 38
DECREASE IN CASH AND CASH EQUIVALENTS (1,165) (159)
CASH AND CASH EQUIVALENTS, beginning of year 3,313 968
CASH AND CASH EQUIVALENTS, end of year 2,148 809
Supplemental cash flow disclosures:    
Interest paid 228 213
Income taxes refunded (paid) 0 0
Net liabilities assumed by ApplianceSmart $ 1,901 $ 0