XML 108 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flow - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (3,949,000) $ (3,505,000)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,671,000 2,648,000
Deferred income taxes (260,000) (509,000)
Non-cash compensation 469,000 637,000
Deferred loan costs amortized 11,000 14,000
Insurance recovery gain 0 (2,275,000)
Settlement gain 0 (1,890,000)
Net (gain) loss on sale of assets (654,000) 249,000
Provision for excess and obsolete inventory 616,000 520,000
Non-cash lease expense 650,000 0
Other noncash items (69,000) 278,000
Contributions to pension plans (382,000) (77,000)
Changes in operating assets and liabilities:    
Accounts receivable 2,425,000 (612,000)
Inventory (2,823,000) (2,857,000)
Prepaid expenses and other assets 560,000 (1,163,000)
Accounts payable (4,066,000) 2,948,000
Accrued and other liabilities (1,019,000) 7,486,000
Net cash (used in) provided by operating activities (5,820,000) 1,892,000
Cash flows from investing activities:    
Capital expenditures (859,000) (2,051,000)
Proceeds from sale of assets 1,858,000 1,380,000
Insurance proceeds for recovery of property damage, net 0 2,275,000
Net cash provided by investing activities 999,000 1,604,000
Cash flows from financing activities:    
Finance lease payments (632,000) (829,000)
Indirect repurchase of shares for minimum statutory tax withholdings (156,000) (107,000)
Net cash used in financing activities (788,000) (936,000)
Net (decrease) increase in cash and cash equivalents (5,609,000) 2,560,000
Cash and cash equivalents at beginning of year 10,704,000 8,144,000
Cash and cash equivalents at end of year 5,095,000 10,704,000
Supplemental disclosure of cash flow information:    
Right-of-use assets obtained in exchange for finance lease obligations $ 269,000