Cash flows from operating activities: | |
Net (loss) income | -237.55K |
Adjustment to reconcile net income to cash provided by operating activities: | |
Depreciation and amortization | 1.15M |
Amortization of debt discount | 125.69K |
Stock based compensation | 28.72K |
Provision for losses on accounts receivable | 28.69K |
Provision for losses on inventories | |
Deferred income taxes | -170.65K |
Change in assets and liabilities: | |
Accounts receivable | 807.69K |
Inventories | -5.6M |
Prepaid expenses and other assets | -77.84K |
Trade payables | 3.46M |
Accrued liabilities | 102.98K |
Net cash provided by operating activities | |
Cash used in investing activity - purchases of property, plant and equipment | -555.96K |
Net cash used in investing activity | |
Cash flows from financing activities: | |
Change in checks written in excess of bank balance | 31.56K |
Net change in revolving line of credit | -590.59K |
Repayment of long-term debt (related parties $268,000 and $373,000) | -652.9K |
Proceeds from issuance of long-term debt | 1.18M |
Proceeds from exercise of stock options and warrants | |
Cash received from investment in subsidiary | 288.75K |
Dividends paid | |
Cash paid for deferred financing fees | |
Net cash used in financing activities | |
Effect of exchange rate changes on cash | -47.67K |
Net (decrease) increase in cash and cash equivalents | 277.48K |
Cash and cash equivalents at beginning of period | 346.4K |
Cash and cash equivalents at end of period | 623.88K |
Supplemental disclosure of cash flow information: | |
Cash payments for interest | 910.41K |
Cash payments for taxes | |
Supplemental Disclosure of non-cash investing and financing activity Exercise of Warrants and Payment of Subordinated Debt | |
Property, Plant & Equipment acquisitions funded by liabilities | |
Reclassification of line of credit to long-term debt |