Cash Flow

v3.7.0.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net income $ 1,984 $ 511
Adjustments to reconcile to net income to net cash provided by operating activities:    
Depreciation 1,161 1,022
Amortization 1,273 1,273
Share-based compensation 135  
Deferred income tax (benefit) (926)  
Loss on sale of fixed assets 46 17
Amortization of deferred finance cost 112 290
Loss on debt extinguishment 83  
Bad debt expense 1 44
Inventory reserves 293 107
Changes in operating assets and liabilities    
Trade receivables (4,197) 35
Net trade receivables/payables from affiliates 527 (590)
Inventory 5,715 (882)
Prepaid expenses (287) (210)
Trade accounts payable 891 (815)
Accrued expenses (1,431) (377)
Tax payable 297  
Other long-term liabilities 271 (49)
Net cash provided by operating activities 5,948 376
INVESTING ACTIVITIES    
Decrease in restricted cash 535  
Purchase of property and equipment (182) (202)
Net cash provided by (used in) investing activities 353 (202)
FINANCING ACTIVITIES    
Principal payments on term debt (1,288) (5,000)
Debt issuance costs incurred (9) (108)
Members equity contribution   5,000
Proceeds from issuance of common stock, net of offering costs 10,405  
Net payments on debt (10,405)  
Net payments on revolving credit facilities (5,571) (65)
Net cash used in financing activities (6,868) (173)
NET CHANGE IN CASH (567) 1
Cash at beginning of period 572 3
Cash at end of period $ 5 $ 4

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