Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Operating activities:    
Net loss $ (2,811) $ (1,499)
Adjustments to reconcile net loss to net cash and cash equivalents (used in) provided by operating activities:    
Depreciation and amortization 634 648
Share-based compensation 141 48
Deferred tax assets 439 0
Amortization of debt issuance costs 89 54
Other (37) (25)
Changes in assets and liabilities:    
Accounts receivable 4,917 (161)
Inventories 801 544
Other assets (145) (225)
Accounts payable and accrued expenses 744 1,517
Income taxes receivable/payable 885 (159)
Net cash flows provided by operating activities 5,657 742
Investing activities:    
Purchases of property and equipment (193) (209)
Proceeds from sale of property and equipment 0 5
Other (3) (46)
Net cash flows used in investing activities (196) (250)
Financing activities:    
Net payments under line of credit (4,882) (133)
Payments on debt obligations (307) (486)
Proceeds from issuance of debt obligations 100 356
Proceeds from issuance of common stock 0 24
Payment of debt issuance costs (125) 0
Net cash flows used in financing activities (5,214) (239)
Effect of changes in exchange rate on cash and cash equivalents 33 (135)
Increase in cash and cash equivalents 280 118
Cash and cash equivalents at beginning of period 1,969 3,523
Cash and cash equivalents at end of period 2,249 3,641
Supplemental disclosures of cash flow information:    
Cash payments for interest 213 355
Cash receipts for income taxes 871 403
Non-cash investing and financing activities:    
Debt issuance costs related to credit agreement renewal $ 63 $ 0