XML 46 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows used in operating activities:    
Net loss $ (586) $ (1,825)
Depreciation and amortization 56 49
Loss on sale of investment in DSIT, net of income taxes and transaction costs 607
Impairment of investment in DSIT 33
Share of income in DSIT (33)
Stock-based compensation 19 21
Professional fees paid in common stock 18
Director fees paid in common stock 14
Change in operating assets and liabilities:    
Decrease (increase) in accounts receivable (96) 316
Increase in inventory (97) (96)
Decrease in deferred charges 113 120
Increase in other current assets and other assets (26) (131)
Increase in accounts payable and accrued expenses (270) (110)
Increase in deferred revenue 304 323
Decrease in amounts due to DSIT and directors (323) (1,418)
Decrease in other current liabilities and non-current liabilities (45) (133)
Net cash used in operating activities (933) (2,263)
Cash flows provided by investing activities:    
Purchases of software (60)
Purchase of non-controlling interest in Omnimetrix (950)
Proceeds from the sale of interests in DSIT, net of transaction costs 4,971
Net cash provided by (used in) investing activities (1,010) 4,971
Cash flows provided by (used in) financing activities:    
Short-term credit, net 143 (114)
Proceeds from rights offering, net of expenses of $208 2,186
Repayment of director loans (1,300)
Repayments of loans from DSIT (340)
Net cash provided by (used in) financing activities 2,329 (1,754)
Net increase in cash, cash equivalents and restricted cash 386 941
Cash, cash equivalents and restricted cash at the beginning of the year 1,263 481
Cash, cash equivalents and restricted cash at the end of the period 1,649 1,422
Cash, cash equivalents and restricted cash consist of the following: End of period    
Cash and cash equivalents 1,338 1,422
Restricted cash 311
Cash and cash equivalents End of period 1,649 1,422
Cash, cash equivalents and restricted cash consist of the following: Beginning of period    
Cash and cash equivalents 973 481
Restricted cash 290
Cash and cash equivalents Beginning of period 1,263 481
Cash paid during the year for:    
Interest 15 46
Non-cash investing and financing activities:    
Purchase of equipment under installment agreement 7
Accrued preferred dividends to former Acorn director and CEO of OmniMetrix (see Note 3) $ 41 $ 67