Cash Flow

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (1,791) $ 51 $ (2,372)
Adjustments to reconcile (net loss) net income to cash used in operating activities:      
Depreciation and amortization 1,493 448  
Stock option expense 293 194  
Provision for doubtful accounts (53)  
Amortization of debt discount and non cash extinguishment of debt 192 54  
Changes in operating assets and liabilities -      
Accounts receivable 562 (1,008)  
Accrued interest (178)  
Accounts payable (577) (666)  
Accrued compensation (1,267) (262)  
Other current items, net 1,295 476  
Long-term liabilities (218) 17  
Net cash used in operating activities (249) (696)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (128) (17)  
Acquisition payments, net of cash acquired (50)  
Net cash used in investing activities (128) (67)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payments on the debt related to acquisitions (212) (1,089)  
Payments on senior debt (812)  
Payments on capital lease (5)  
Net proceeds from revolving credit 2,096 1,522  
Net cash provided by financing activities 1,072 428  
Net change in cash 695 (335)  
Cash at beginning of period 2,785 2,528 2,528
Cash at end of period 3,480 2,193 $ 2,785
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest 2,699 294  
Cash paid for taxes  
Non-cash financing activities      
Stock paid for interest on subordinated notes 210  
Stock paid for fees in connection with subordinated note $ 385  

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