Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
OPERATING ACTIVITIES:    
Net loss $ (4,725) $ (3,399)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,044 1,970
Amortization of debt issuance costs 20 74
Stock based compensation expense 511 120
Non cash lease expense 102 30
Change in deferred rent   (48)
Change in deferred compensation   (148)
Change in deferred income taxes (473) (1,094)
Other 29 381
Changes in assets and liabilities:    
Accounts receivable 3,304 914
Income taxes receivable 33 (131)
Prepaid expenses and other current assets (489) (363)
Inventories (481) (210)
Accounts payable and accrued expenses (1,497) 783
Net cash used in operating activities (1,622) (1,121)
INVESTING ACTIVITIES:    
Purchases of property and equipment (21) (227)
Purchases of intangibles (114)  
Net payments received from ApplianceSmart note receivable   1,118
Net cash (used in) provided by investing activities (135) 891
FINANCING ACTIVITIES:    
Proceeds from issuance of short term debt 3,469  
Proceeds from issuance of long term debt obligations   471
Payment of related party note (1,000)  
Payments on debt obligations (280) (103)
Net cash provided by financing activities 2,189 368
Effect of changes in exchange rate on cash and cash equivalents (30) 37
INCREASE IN CASH AND CASH EQUIVALENTS 402 175
CASH AND CASH EQUIVALENTS, beginning of period 481 1,195
CASH AND CASH EQUIVALENTS, end of period 883 1,370
Supplemental cash flow disclosures:    
Interest paid 103 13
Income taxes paid   131
Right to use asset - operating leases capitalized $ 930 $ 2,272