XML 19 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 3,404 $ 2,952
Adjustments to reconcile net income to operating cash flow:    
Depreciation and amortization 2,132 2,443
Non-cash interest expense 9 17
Non-cash rent expense 1 (38)
Bad debt expense 6 (3)
Deferred revenue (23) (73)
Stock-based compensation 608 274
Deferred income taxes 0 369
Loss (gain) on sale of property and equipment 88 28
(Increase) decrease in operating assets:    
Accounts receivable (1,832) (1,464)
Inventories (642) (80)
Refundable income taxes (384) 492
Prepaid expenses and other current assets (152) 248
Increase (decrease) in operating liabilities:    
Accounts payable 2,275 756
Accrued expenses 1,498 (595)
Accrued income taxes (553) 22
Net cash provided by operating activities 6,435 5,348
Cash flows from investing activities:    
Purchases of property and equipment (1,685) (1,168)
Proceeds from sale of property and equipment 0 5
Acquisition, net of cash acquired (5,800) 0
Net cash used in investing activities (7,485) (1,163)
Cash flows from financing activities:    
Purchase of treasury stock (1,583) (405)
Payment of deferred financing cost (25) 0
Proceeds from note payable 5,000 0
Repayment of note payable (250) 0
Net cash provided by (used in) financing activities 3,142 (405)
Net increase in cash and cash equivalents 2,092 3,780
Cash and cash equivalents at the beginning of the period 7,926 3,836
Cash and cash equivalents at the end of the period 10,018 7,616
Supplemental cash flow information:    
Cash paid for income taxes, net of (refunds) 2,788 335
Cash paid for interest 60 82
Non-cash investing activities    
Increase (decrease) in right-of-use assets and operating lease obligations 45 (58)
Non-cash financing activities    
Issuance of common stock under equity incentive plans $ 0 $ 522