Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (1,231) $ (414)
Adjustments to reconcile net loss to net cash used in operating activities    
Cash receipts from operations 3,067 2,960
Losses from equity method investments 23 107
Stock-based compensation 279 205
Depreciation and amortization 285 259
Provision for stock option fair value 3 (57)
Accretion expense 95 185
Tax impact of equity component of convertible debt issuance   (173)
Change in operating assets and liabilities    
Accounts receivable, net (3,812) (2,751)
Prepaid expenses (151)  
Right of use assets (216) 22
Accounts payable and accrued liabilities 62 156
Due from related parties (213) (1,072)
Lease liability 120 (128)
Income taxes (427) 110
Other assets and liabilities (24) 18
Net cash used in operating activities (2,140) (573)
Cash flows from investing activities    
Purchase of equipment and furniture   (35)
Acquisition debt   (530)
Distributions received from equity method investments 169 185
Net cash provided by (used in) investing activities 169 (380)
Cash flows from financing activities    
Repayment of promissory note   (130)
Proceeds from Payroll Protection Program loan 1,665  
Proceeds from convertible debenture   1,605
Net cash provided by financing activities 1,665 1,475
Increase (decrease) in cash (306) 522
Cash at beginning of period 4,386 59
Cash at end of period 4,080 581
Supplemental cash flow information    
Interest paid 196 51
Supplemental non-cash flow information    
Purchase of equipment with finance leases $ 273 $ 90