XML 16 R5.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Consolidated net loss $ (543) $ (1,719)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:    
Depreciation and amortization 1,720 2,106
Stock-based compensation 700 624
Deferred income taxes (412) (607)
Pension cost 596 274
Loss on disposal of property and equipment 33  
Changes in operating assets and liabilities:    
Accounts receivable 568 2,509
Prepaid expenses and other current assets (297) 904
Other assets (8) 367
Accounts payable, accrued expenses and others 814 (208)
Accrued salaries, wages and related benefits 1,729 (29)
Income and other taxes 753 669
Net cash provided by operating activities 5,653 4,890
Cash flows from investing activities:    
Capital expenditures (1,115) (1,314)
Proceeds from disposal of property and equipment 39  
Net cash used in investing activities (1,076) (1,314)
Cash flows from financing activities:    
Proceeds from bank loan 580  
Payment of long-term obligations (800) (922)
Proceeds from exercise of stock options 167  
Purchase of treasury stock   (44)
Net cash used in financing activities (53) (966)
Effect of exchange rate changes on cash and cash equivalents (62) (291)
Net increase in cash and cash equivalents 4,462 2,319
Cash and cash equivalents, beginning of period 10,874 10,869
Cash and cash equivalents, end of period 15,336 13,188
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 209 726
Cash paid for operating leases 1,412 $ 1,909
Vendor financed software licenses acquired $ 1,079