XML 20 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 76 $ (647)
Depreciation and amortization 22 56
Non-cash lease expense 118 28
Gain on sale of investment in DSIT, net of income taxes and transaction costs (50)
Forgiveness of SBA PPP loan (421)
Stock-based compensation 35 22
Professional fees paid in common stock 18
Change in operating assets and liabilities:    
Decrease (increase) in accounts receivable 354 (297)
Decrease (increase) in inventory 55 (30)
Increase in deferred charges, other current assets and other assets 176 24
Increase in deferred revenue 59 434
Decrease in amounts due to former directors (323)
Increase in operating lease liability (78) (47)
Increase (decrease) in accounts payable, accrued expenses, other current liabilities and non-current liabilities 68 (409)
Net cash provided by (used in) operating activities 464 (1,221)
Cash flows used in investing activities:    
Purchases of software (93) (162)
Payments made for patent filings (8) (3)
Purchase of non-controlling interest in OmniMetrix (950)
Net cash provided by (used in) investing activities (101) (1,115)
Cash flows provided by financing activities:    
Short-term credit, net 13 136
Proceeds from rights offering, net of expenses of $208 2,184
Proceeds from SBA PPP loans, net of repayments 421
Stock option exercise proceeds 19
Net cash provided by financing activities 453 2,320
Net increase (decrease) in cash, cash equivalents and restricted cash 816 (16)
Cash, cash equivalents and restricted cash at the beginning of the year 1,247 1,263
Cash, cash equivalents and restricted cash at the end of the year 2,063 1,247
Cash, cash equivalents and restricted cash consist of the following: End of period    
Cash and cash equivalents 2,063 1,247
Restricted cash
Cash, cash equivalents and restricted cash End of year 2,063 1,247
Cash, cash equivalents and restricted cash consist of the following: Beginning of year    
Cash and cash equivalents 1,247 973
Restricted cash 290
Cash, cash equivalents and restricted cash Beginning of period 1,247 1,263
Cash paid during the year for:    
Interest 30 21
Income taxes
Non-cash investing and financing activities:    
Purchase of equipment under installment agreement 7
Forgiveness of SBA PPP loan 421
Right-of-use assets, net of deferred rent 641
Operating lease liability 634
Accrued preferred dividends to former Acorn director and former CEO of OmniMetrix (see Note 3) $ 4 $ 42