Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flow (Unaudited)

v3.20.2
Condensed Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (2,499) $ 637
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Fair value of vested stock options 158
Depreciation and amortization 314 295
Deferred tax assets (655)  
Amortization of operating lease right-of-use asset 309 239
Changes in operating assets and liabilities    
Accounts receivable 168 1,826
Inventories 29 (3,653)
Prepaid expenses 247 (815)
Deposits 1
Income tax receivable (1,484) 485
Accounts payable 9 301
Customer deposits 395 165
Accrued expenses and other current liabilities (204) 647
Decrease in lease liability (302) (223)
Net cash provided by (used in) operating activities (3,672) 62
Cash flows from investing activities:    
Acquisition of property and equipment (176)
Proceeds from sale of property and equipment 8
Net cash provided by (used in) investing activities 8 (176)
Cash flows from financing activities:    
Proceeds from PPP Loan 1,715
Repayment of notes (164) (95)
Net cash provided by (used in) financing activities 1,551 (95)
Decrease in cash and cash equivalents (2,113) (209)
Cash and cash equivalents, beginning of period 2,840 5,640
Cash and cash equivalents, end of period 727 5,431
Supplemental non-cash investing and financing activities:    
Initial recognition of operating lease right-of-use assets and operating lease obligations upon adoption of ASC Topic 842 2,847
Reclassification of prepaid expenses to property and equipment $ 114