|
Consolidated Statements of Cash Flows Statement (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
Jun. 30, 2013
|
Jun. 30, 2012
|
| Cash flows from operating activities: |
|
|
| Net income (loss) |
$ (4,410) |
$ 1,543 |
| Less: Net Income from discontinued operations, net of tax |
0 |
3,011 |
| Loss from continuing operations |
(4,410) |
(1,468) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |
|
|
| Depreciation and amortization |
243 |
410 |
| Deferred tax benefit |
0 |
(2,008) |
| Deferred compensation |
107 |
109 |
| Share-based Compensation |
77 |
121 |
| Provision for accounts receivable reserve |
18 |
21 |
| Provision for inventory reserve |
175 |
192 |
| Changes in assets and liabilities: |
|
|
| Restricted cash |
0 |
21 |
| Accounts receivable |
666 |
1,133 |
| Inventories |
175 |
895 |
| Deferred cost of goods sold |
93 |
116 |
| Deposits, prepaid expenses and other current assets |
121 |
679 |
| Accounts payable, accrued liabilities and other liabilities |
834 |
(1,877) |
| Deposit - related party |
0 |
300 |
| Advances on contracts in progress |
138 |
(1,203) |
| Net cash used in operating activities of continuing operations |
(1,763) |
(2,559) |
| Net cash provided by operating activities of discontinued operations |
(150) |
(1,724) |
| Net cash used in operating activities |
(1,913) |
(4,283) |
| Cash flows from investing activities: |
|
|
| Purchase of Property and Equipment |
(58) |
(100) |
| Additions to intangible and other assets |
(35) |
(11) |
| Net cash used in investing activities of continuing operations |
(93) |
(111) |
| Net cash provided by investing activities of discontinued operations |
718 |
6,859 |
| Net cash provided by investing activities |
625 |
6,748 |
| Cash flows from financing activities: |
|
|
| Principal payments on capital lease obligations |
(6) |
(24) |
| Principal Payments on Revolving Line of Credit, Net |
1 |
0 |
| Net cash used in financing activities |
(7) |
(24) |
| Net increase (decrease) in cash and cash equivalents |
(1,295) |
2,441 |
| Cash and cash equivalents, beginning of period |
3,030 |
4,758 |
| Cash and cash equivalents, end of period |
1,735 |
7,199 |
| Supplemental disclosures of cash flow information: |
|
|
| Interest paid |
29 |
67 |
| Income Taxes Paid |
1 |
5 |
| Supplemental disclosure of non-cash flow information [Abstract] |
|
|
| Liabilities settled with common stock |
$ 84 |
$ 0 |