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. 29, 2018
Dec. 30, 2017
OPERATING ACTIVITIES:    
Net income (loss) attributable to Company $ (5,608) $ 118
Less: loss attributable to noncontrolling interest 0 496
Net loss (5,608) (378)
Loss from discontinued operations 0 5,775
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,998 2,147
Amortization of debt issuance costs 589 253
Stock based compensation expense 656 272
Change in provision for doubtful accounts (32) 7
Gain on sale of property 0 (5,163)
Gain on sale of variable interest entity equity 0 (81)
Gain on sale of property and equipment (5) (134)
Change in deferred rent (14) (78)
Change in deferred compensation 120 28
Change in deferred income taxes (1,028) (1,633)
Other (146) (833)
Changes in assets and liabilities:    
Accounts receivable 3,947 (1,159)
Prepaid expenses and other current assets 153 513
Income taxes receivable (101) 0
Inventories (41) 264
Accounts payable and accrued expenses 1,660 (2,081)
Accrued income taxes (3) 19
Net cash provided by (used in) operating activities - continuing operations 4,145 (2,262)
Net cash provided by operating activities - discontinued operations 0 3,488
Net cash provided by operating activities 4,145 1,226
INVESTING ACTIVITIES:    
Purchases of property and equipment (401) (22)
Proceeds from the sale of property and equipment 59 6,785
Purchase of intangible asset, GeoTraq Inc, net of debt and Series A preferred stock issued 0 (199)
Proceeds from sale of equity in AAP less cash retained by AAP as a result of deconsolidation 0 765
Net payments received from Live Ventures Incorporated note receivable 170 0
Net cash provided by (used) in investing activities - continuing operations (172) 7,329
Net cash provided by (used) in investing activities - discontinued operations 0 0
Net cash provided by (used) in investing activities (172) 7,329
FINANCING ACTIVITIES:    
Net payments under line of credit - PNC Bank 0 (10,333)
Net borrowing (payments) under the line of credit - MidCap Financial Trust (5,605) 5,605
Proceeds from issuance of short term debt obligations 562 1,237
Payments on short term notes payable (1,066) (500)
Payment of debt issuance costs   (546)
Payments on debt obligations 0 (1,731)
Net cash used in financing activities - continuing operations (6,109) (6,268)
Net cash used in financing activities - discontinued operations 0 0
Net cash used in financing activities (6,109) (6,268)
Effect of changes in exchange rate on cash and cash equivalents 18 58
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,118) 2,345
CASH AND CASH EQUIVALENTS, beginning of period 3,313 968
CASH AND CASH EQUIVALENTS, end of period 1,195 3,313
Supplemental cash flow disclosures:    
Interest paid 526 779
Income taxes refunded (paid) (199) 48
Notes payable issued to sellers of GeoTraq, Inc. 0 800
Net liabilities assumed by ApplianceSmart 1,901 0
Series A convertible preferred stock issued to sellers of GeoTraq, Inc. 0 12,322
Beneficial conversion feature attributable to Series A convertible preferred stock issued 0 2,641
EEI note balance conversion into common stock 101 0
Due from buyer of Appliancesmart - Live Ventures Incorporated $ 0 $ 6,500