General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (315) $ (3,563) $ (14,347) $ (17,763)
Adjustments to reconcile net loss to cash used in operating activities:        
Gain on extingishment of debt     (12,316) 0
Depreciation and amortization 1,117 1,477 5,286 5,935
Goodwill impairment charge     8,850 4,300
Non-cash lease expense 338 430 1,623 0
Stock compensation expense 311 597 1,559 2,186
Provision for doubtful accounts (397) (273) 1,557 213
Deferred income taxes (215) 58 130 154
Amortization of debt discount 445 279 1,779 909
Interest expense paid with common and preferred stock 0 444 1,288 1,666
Paid in kind interest on term loan 547   1,242 0
Change in acquisition deposit for working capital guarantee 0 (400) (783) (100)
Changes in operating assets and liabilities:        
Accounts receivable 2,176 888 3,222 (284)
Accrued interest     95 0
Accounts payable (131) (807) (2,156) 1,210
Accrued compensation (598) (834) 2,729 0
Change in other assets, net of change in other liabilities 1,075 254 (2,005) 1,180
Net cash used in operating activities 47 (1,450) (2,247) (394)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Acquisition of property and equipment (2) (58) (119) (209)
Net cash used in investing activities (2) (58) (119) (209)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Payment on term loan   (500) (500) (2,687)
Net proceeds from (payments on) subordinated debt     (1,724) 1,893
Payment on preferred stock redemption     (2,931) 0
Net proceeds from CARES Act Paycheck Protection Program Loans     19,927 0
Payments on capital lease     0 (51)
Net (payments on) proceeds from revolving credit   92 (2,387) 2,290
Net cash provided by financing activities   (408) 12,385 1,445
Net change in cash 45 (1,916) 10,019 842
Cash at beginning of year 14,074 4,055 4,055 3,213
Cash at end of year 14,119 2,139 14,074 4,055
SUPPLEMENTAL CASH FLOW INFORMATION:        
Cash paid for interest 1,647 2,497 7,785 10,137
Cash paid for taxes 21 45 80 92
Non-cash investing and financing activities        
Conversion of series B convertible preferred stock to common stock     0 1,238
Beneficial conversion features on subordinated debt     0 841
Acquisition of equipment with finance lease 14 0 184 102
Conversion of 8% subordinated notes to common stock by related parties     1,000 0
Conversion of 10% subordinated notes to common stock     4,185 0
Conversion of series C preferred stock to common by related parties     93 0
Redemption of series B preferred stock     24,441 0
Redemption of series C preferred stock     34 0
Accrued fees on term loan     4,978 0
Right-of-use assets, net of deferred rent 0 5,900 6,246 0
Operating lease liability $ 0 $ 6,341 $ 6,687 $ 0