Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Oct. 01, 2017
Operations:    
Net income $ 775 $ (6,941)
Items not involving cash:    
Depreciation 2,426 2,789
Unrealized foreign exchange gain on unsettled forward exchange contracts (338) (1,438)
Impairment of property, plant and equipment 1,601
Loss (gain) on sale of property, plant and equipment 3 (60)
Deferred income taxes (191) (243)
Amortization of deferred financing fees 32 19
Stock-based compensation 278 273
Change in non-cash operating working capital:    
Accounts receivable (12,096) (541)
Unbilled contract assets (8,183)
Inventories (6,009) (543)
Prepaid expenses and other assets (1,002) 764
Income taxes payable (32) (144)
Accounts payable 16,582 (2,581)
Accrued liabilities 2,449 1,179
Total cash used in operations (5,304) (5,866)
Financing:    
Net advances of revolving credit facility 4,515 3,178
Repayment of long-term debt (1,500) (1,500)
Advance of Equipment facility 2,629
Principal payment of capital lease obligations (189) (352)
Proceeds from issuance of common stock through exercise of stock options 361
Proceeds from issuance of common stock through rights offering 12,587
Deferred financing fees (48) (51)
Total cash provided by financing 18,355 1,275
Investing:    
Purchase of property, plant and equipment (3,898) (1,314)
Proceeds for leasehold improvement 56
Proceeds from sale of property, plant and equipment 281
Total cash used in investing (3,898) (977)
Decrease in cash 9,153 (5,568)
Cash, beginning of period 5,536 8,503
Cash, end of the period 14,689 2,935
Supplemental Information    
Property, plant and equipment acquired that was included in accounts payable and accrued liabilities 55 71
Property, plant and equipment acquired through capital lease $ 627