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

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net loss $ (2,756) $ (15,036)
Adjustments to reconcile net loss to net cash used in operating activities    
(Income) loss from equity method investments (225) 1,194
Stock-based compensation 1,913 548
Depreciation and amortization 1,114 1,014
Amortization of debt issuance costs 93  
Provision for stock option fair value 9 (50)
Gain on Payroll Protection Program loan   (1,211)
Gain on extinguishment of acquisition debt   (188)
Accretion expense 556 782
Settlement of Payables   40
Deferred income taxes, net   (1,561)
Change in operating assets and liabilities    
Accounts receivable, net (10,845) 15,898
Prepaid expenses 133 (116)
Right of use assets 48 (301)
Accounts payable and accrued liabilities (920) (1,494)
Due from MSAs (1,071) (2,573)
Lease liability (500) 192
Income taxes (846) (388)
Other assets and liabilities (76) 66
Net cash used in operating activities (13,373) (3,184)
Cash flows from investing activities    
Purchase of fixed assets   (319)
Net cash paid for acquisitions (307) (7,736)
Distributions received from equity method investments 312 558
Net cash provided by (used in) investing activities 1 (7,497)
Cash flows from financing activities    
Proceeds from exercise of stock options 19 19
Proceeds from share issuance, net 5,062 9,611
Proceeds from term loan   1,978
Repayment of term loan   (1,418)
Proceeds from Paycheck Protection Program 1,665 1,211
Proceeds from line of credit   2,122
Repayment of line of credit   (1,000)
Proceeds from debenture 10,360  
Repayment of short term debt (4,100)  
Proceeds from convertible debenture   2,485
Net cash provided by financing activities 13,006 15,008
Decrease in cash (366) 4,327
Cash at beginning of period 4,386 59
Cash at end of period 4,020 4,386
Supplemental cash flow information    
Interest paid 973 498
Income taxes paid 16 $ 55
Supplemental non-cash flow information    
Purchase of equipment with finance leases 431  
Settlement of performance share issuance liability 2,668  
Settlement of acquisition share issuance liability 540  
Convertible debt exercised for common shares $ 60