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
Apr. 02, 2016
Apr. 04, 2015
Operating activities    
Net income (loss) $ (630) $ (1,985)
Adjustments to reconcile net income (loss) to net cash and cash equivalents (used in) provided by operating activities:    
Depreciation and amortization 325 330
Share-based compensation 38 63
Amortization of debt issuance costs 42 28
Other 0 (5)
Changes in assets and liabilities:    
Accounts receivable 530 1,537
Inventories 1,456 68
Other current assets (153) 182
Accounts payable and accrued expenses 1,610 1,322
Income taxes receivable/payable (303) (470)
Net cash flows provided by operating activities 2,915 1,070
Investing activities    
Purchases of property and equipment (137) (82)
Proceeds from Sale of Property, Plant, and Equipment 0 5
Payments for (Proceeds from) Other Investing Activities (4) 0
Net cash flows used in investing activities (141) (77)
Financing activities    
Net proceeds (payments) under line of credit (2,256) (967)
Payments on debt obligations (138) (220)
Proceeds from issuance of debt obligations 100 325
Proceeds from issuance of Common Stock 0 24
Payments of Debt Issuance Costs 125 0
Net cash flows used in financing activities (2,419) (838)
Effect of changes in exchange rate on cash and cash equivalents (1) (120)
Increase (decrease) in cash and cash equivalents 354 35
Cash and cash equivalents at beginning of period 1,969 3,523
Cash and cash equivalents at end of period 2,323 3,558
Supplemental disclosures of cash flow information    
Cash payments for interest 213 165
Cash payments (receipts) for income taxes (5) 8
Non-cash investing and financing activities    
Repayments of Long-term Debt $ 63 $ 0