Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities    
Net loss $ (8,332) $ (11,356)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,483 5,030
Realignment accrual accretion 34 139
Interest accretion 2,144 1,095
Provision for bad debt 899 802
Other current assets 102 979
Gain on sale of discontinued operations (21,634)
Share-based Compensation 131 4,017
Goodwill, Impairment Loss 15,666
Asset Impairment Charges 3,363 635
Non-cash loss on debt extinguishment 476
Change in fair value of contingent consideration (11,860) (7,993)
Deferred taxes (1,167)
Realized gain on benefit plan (4)
Other changes in assets and liabilities:    
Decrease (increase) in accounts receivable 4,766 (5,486)
Decrease (increase) in unbilled receivable 16 (181)
Decrease in other current assets 1,478 2,350
Decrease in other long-term assets 3,004 3,286
Increase in accounts payable 143 1,019
(Decrease) in unearned contract revenue (11) (5,201)
Decrease in current portion of long-term debt (1,333)
(Decrease) increase in accrued salaries and bonus (637) 895
Decrease in accrued liabilities (4,992) (3,389)
(Decrease) increase in long-term liabilities (2,334) 176
Net cash used in operating activities (8,940) (19,842)
Cash Flows From Investing Activities    
Purchase of property and equipment (353)
Net proceeds from sale of assets 26,751
Net cash provided by investing activities 26,398
Cash Flows From Financing Activities    
Repayment of financing arrangement (20,000)
Payments of contingent consideration (475)
Debt extinguishment costs (1,600)
Issuance of common stock, net of expenses 1,707 451
Cash paid for repurchase of restricted shares (208)
Net cash provided by (used in) financing activities 1,232 (21,357)
Net decrease in cash and cash equivalents (7,708) (14,801)
Cash and cash equivalents – beginning 8,310 23,111
Cash and cash equivalents – ending 602 8,310
Cash paid for taxes 71 242
Cash paid for interest $ 3,128