XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 6,578 $ (6,879)
Adjustments to reconcile net cash used in operating activities:    
Depreciation and amortization expense 4,772 4,581
Deferred income taxes (7) (13)
Change in fair value of interest rate swap agreements 0 (27)
Share-based compensation 649 760
Allowance for doubtful accounts 16 (18)
Common stock issued under defined contribution 401(k) plan 978 915
Loss on disposal of assets 48 3
Changes in operating assets and liabilities:    
Accounts receivable (24,251) (3,096)
AMP credit receivable (11,217) 0
Employee retention credit receivable 0 497
Contract assets (221) (2,353)
Inventories 4,356 (525)
Prepaid expenses and other current assets (162) (1,200)
Accounts payable (1,577) 4,968
Accrued liabilities 1,925 1,271
Customer deposits (4,646) (9,006)
Other non-current assets and liabilities 166 (149)
Net cash used in operating activities (22,593) (10,271)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (5,315) (2,757)
Proceeds from disposals of property and equipment 15 0
Net cash used in investing activities (5,300) (2,757)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from line of credit, net 18,518 7,966
Payments for deferred financing costs 0 (470)
Proceeds from long-term debt 387 8,113
Payments on long-term debt (893) (261)
Principal payments on finance leases (994) (1,347)
Shares withheld for taxes in connection with issuance of restricted stock (117) (546)
Proceeds from sale of common stock, net 0 230
Net cash provided by financing activities 16,901 13,685
NET (DECREASE) INCREASE IN CASH (10,992) 657
CASH beginning of the period 12,732 852
CASH end of the period $ 1,740 $ 1,509