v3.7.0.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (697) $ 568
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 7,906 7,329
Amortization of intangibles 3,450 3,636
Amortization of debt issue costs 219 358
Stock based compensation – options, restricted stock and warrants 3,052 2,337
Provision for bad debts 8,027 5,434
Changes in assets and liabilities, net:    
(Increase) in accounts receivable, net of write-offs (14,265) (10,004)
(Increase) decrease in inventories 796 (437)
(Increase) in prepaid expenses (720) (602)
(Increase) in other current assets (129)  
Increase (decrease) in accounts payable and other liabilities (2,797) 3,476
Net cash provided by operating activities 4,842 12,095
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (7,864) (3,425)
Net cash used in investing activities (7,864) (3,425)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances from revolving credit facility, net 4,997  
Repayment to revolving credit facility   (10,044)
Repayment of capital lease obligations/loans (2,754) (2,611)
Repayment on term loan, net (1,878)  
Proceeds from the exercise of options, warrants and ESPP shares, net of transaction expenses 1,176 2,351
Payments of equity issue costs (112)  
Net cash provided by (used in) financing activities 1,429 (10,304)
Net change in cash and cash equivalents (1,593) (1,634)
Cash and cash equivalent, beginning of period 12,525 23,420
Cash and cash equivalents, end of period 10,932 21,786
Supplemental disclosure of cash flow information:    
Interest paid 2,573 2,691
Income taxes paid 102 222
Supplemental disclosure of non-cash investing and financing information:    
Equipment acquired under capital lease/loan obligations 2,557 2,585
Deemed dividends on preferred stock 1,822 3,680
Amortization of preferred stock beneficial conversion feature $ 3,383 $ 7,453

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