XML 18 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (1,516) $ (2,282)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 2,062 1,495
Provision for doubtful accounts 56 28
Stock-based compensation expense 599 677
Noncash operating lease expense 1,157 1,043
Amortization of debt issuance costs 32 190
Deferred income tax provision (77) (336)
Loss on sale of property and equipment 36 86
Loss on early termination of operating lease 817 0
Loss on early debt extinguishment 0 1,961
Gain on change in fair value of warrant liability 0 (14)
Changes in operating assets and liabilities:    
Accounts receivable (19,698) 2,584
Contract assets 8,320 (1,986)
Other current assets (2,130) (2,025)
Accounts payable, including retainage (105) (8,813)
Prepaid income taxes (47) 0
Accrued taxes payable (501) (654)
Contract liabilities 7,732 (8,853)
Operating lease liabilities (1,117) (994)
Accrued expenses and other current liabilities 1,419 513
Other long-term liabilities (4) 5
Net cash used in operating activities (2,965) (17,375)
Cash flows from investing activities:    
Proceeds from sale of property and equipment 39 226
Purchase of property and equipment (169) (221)
Net cash used in (provided by) investing activities (130) 5
Cash flows from financing activities:    
Proceeds from Wintrust Term Loan (as defined in Note 6) 0 30,000
Payments on Wintrust and A&R Wintrust Term Loans (1,857) (500)
Proceeds from A&R Wintrust Revolving Loan (as defined in Note 6) 9,400 0
Payments on 2019 Refinancing Term Loan (as defined in Note 6) 0 (39,000)
Prepayment penalty and other costs associated with early debt extinguishment 0 (1,376)
Proceeds from the sale of common stock 0 22,773
Proceeds from the exercise of warrants 0 1,989
Payments on finance leases (660) (667)
Payments of debt issuance costs 0 (593)
Taxes paid related to net-share settlement of equity awards (363) (384)
Proceeds from contributions to Employee Stock Purchase Plan 165 167
Net cash provided by financing activities 6,685 12,409
(Decrease) increase in cash, cash equivalents and restricted cash 3,590 (4,961)
Cash, cash equivalents and restricted cash, beginning of period 14,589 42,260
Cash, cash equivalents and restricted cash, end of period 18,179 37,299
Noncash investing and financing transactions:    
Right of use assets obtained in exchange for new operating lease liabilities 0 156
Right of use assets obtained in exchange for new finance lease liabilities 864 87
Right-of-use assets disposed or adjusted modifying operating leases liabilities (1,276) 36
Right-of-use assets disposed or adjusted modifying finance leases liabilities (19) 0
Interest paid 459 1,319
Cash paid (received) for income taxes $ 9 $ (45)