Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
OPERATING ACTIVITIES:    
Net loss $ (2,028) $ (1,475)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,013 994
Amortization of debt issuance costs 37 478
Amortization of right to use asset - operating leases 23 0
Stock based compensation expense 60 0
Change in provision for doubtful accounts 0 277
Change in deferred rent (5) 7
Change in deferred compensation (147) 32
Change in deferred income taxes (701) (575)
Other 18 11
Changes in assets and liabilities:    
Accounts receivable 1,192 3,624
Prepaid expenses and other current assets (56) 159
Inventories (172) (389)
Accounts payable and accrued expenses 520 211
Net cash provided by (used in) operating activities (246) 3,354
INVESTING ACTIVITIES:    
Purchases of property and equipment (163) (14)
Net payments received from ApplianceSmart note receivable 53 1,427
Net cash provided by (used) in investing activities (110) 1,413
FINANCING ACTIVITIES:    
Net payments under line of credit - MidCap Financial Trust 0 (5,605)
Payments on debt obligations (193) (305)
Net cash used in financing activities (193) (5,910)
Effect of changes in exchange rate on cash and cash equivalents 6 (22)
DECREASE IN CASH AND CASH EQUIVALENTS (543) (1,165)
CASH AND CASH EQUIVALENTS, beginning of period 1,195 3,313
CASH AND CASH EQUIVALENTS, end of period 652 2,148
Supplemental cash flow disclosures:    
Interest paid 3 228
Income taxes refunded (paid) 3 0
Net liabilities assumed by ApplianceSmart 0 1,901
Right to use asset - operating leases capitalized $ 1,907 $ 0