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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 9,552 $ 7,365
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 448 252
Gain on disposal of asset 3 0
Cash received for leasehold improvements 214  
Amortization of intangible assets 0 34
Amortization of debt issuance costs 153 511
Stock based compensation 370 66
Non-cash compensation to consultant 0 228
Loss on disposal of product inventory 0 227
Benefit for deferred income taxes (725) 0
Interest expense related to common stock issued in connection with our private placement 0 739
Changes in operating assets and liabilities:    
Accounts receivable (606) 843
Prepaid and other assets (372) (158)
Inventory (414) (316)
Deposits 55 (315)
Accounts payable and accrued expenses (515) (1,063)
Accrued Payroll and related taxes 370 (193)
Deferred Revenue (54) 0
Income taxes payable 554 40
Other long-term obligations 375 0
Net cash provided by operating activities 9,408 8,260
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Property and Equipment (1,082) (87)
Net cash used in investing activities (1,082) (87)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (repayments) borrowings on line of credit 0 (2,771)
Principal payments on subordinated notes payable (384) (650)
Proceeds from unsecured subordinated promissory notes 0 1,035
Payment of commission and placement agent fees and related expenses 0 (155)
Payments on capital lease obligations (123) (131)
Purchase of treasury stock (3,432) (222)
Proceeds from the issuance of stock 176 39
Net cash used in financing activities (3,763) (2,855)
Net increase in cash and cash equivalents 4,563 5,318
Cash and cash equivalents at beginning of period 5,565 247
Cash and cash equivalents at end of period 10,128 5,565
Supplemental disclosure of cash and non-cash transactions:    
Interest paid 12 200
Treasury stock purchased and included in accrued liabilities 0 21
Income Taxes Paid 772 0
Lease incentive received 213 0
Common stock dividend declared $ 2,270 $ 0