XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (2,438,000) $ 217,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 419,000 464,000
Amortization of intangible assets 404,000 40,000
Amortization of operating lease right-of-use assets 124,000 148,000
Provision for bad debt expense 10,000 19,000
Amortization of debt issuance costs and discount 193,000 96,000
Gain on forgiveness of PPP loan (1,967,000)
Investment (gain) loss from investment in Eton (139,000) 2,835,000
Equity in losses of unconsolidated entities 2,886,000 1,319,000
Stock-based compensation 2,016,000 855,000
Changes in assets and liabilities:    
Accounts receivable (1,535,000) (610,000)
Inventories (179,000) (534,000)
Prepaid expenses and other current assets (29,000) (32,000)
Accounts payable and accrued expenses 369,000 1,105,000
Accrued payroll and related liabilities (1,141,000) (684,000)
Deferred revenue and customer deposits 7,000 (63,000)
NET CASH PROVIDED BY OPERATING ACTIVITIES 967,000 3,208,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in patent and trademark assets (6,000) (13,000)
Purchases of property, plant and equipment and capitalized software development costs (404,000) (211,000)
NET CASH USED IN INVESTING ACTIVITIES (410,000) (224,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on finance lease obligations (3,000) (1,000)
Principal payment on SWK loan (750,000)
Proceeds from the exercise of stock options 4,000
Payment of taxes upon vesting of RSUs and exercise of stock options (777,000) (30,000)
NET CASH USED IN FINANCING ACTIVITIES (776,000) (781,000)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (219,000) 2,203,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 42,167,000 4,301,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 41,948,000 6,504,000
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents 41,948,000 6,304,000
Restricted cash 200,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 41,948,000 6,504,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes
Cash paid for interest 1,617,000 415,000
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Right-of-use assets obtained in exchange for new operating lease obligations $ 1,036,000