Quarterly report pursuant to Section 13 or 15(d)

Interim Consolidated Statements of Cash Flows (Unaudited)

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Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Operations:    
Net income (loss) $ (6,991,000) $ 775,000
Items not involving cash:    
Depreciation of property, plant & equipment 4,902,000 2,426,000
Amortization of intangible assets 5,532,000
Unrealized foreign exchange gain on unsettled forward exchange contracts (338,000)
Loss on disposal of property, plant and equipment 3,000
Write down of property, plant and equipment 261,000
Deferred income taxes (recovery) 14,000 (191,000)
Amortization of deferred financing fees 1,300,000 34,000
Stock-based compensation 538,000 278,000
Change in fair value of warrant liability (note 5) (919,000)
Change in fair value of contingent consideration (note 4) (3,050,000)
Change in non-cash operating working capital:    
Accounts receivable 11,778,000 (12,096,000)
Unbilled contract assets (6,385,000) (8,183,000)
Inventories 3,668,000 (6,009,000)
Prepaid expenses and other assets (1,095,000) (1,002,000)
Income taxes payable (116,000) (32,000)
Accounts payable (9,845,000) 16,582,000
Accrued liabilities (265,000) 2,449,000
Restructuring liability 2,736,000
Net change in operating lease right of use asset and liability 414,000
Net cash provided by (used in) in operating activities 2,477,000 (5,304,000)
Financing:    
Net advances of revolving credit facility 9,820,000 4,515,000
Repayment of long-term debt (22,625,000) (1,500,000)
Advance of equipment facility 2,629,000
Deferred financing fees (371,000) (48,000)
Principal repayments of finance lease obligations (1,199,000) (189,000)
Proceeds from issuance of common stock through exercise of stock options 45,000 361,000
Proceeds from issuance of common stock through rights offerings 14,044,000 12,587,000
Net cash provided by (used in) financing activities (286,000) 18,355,000
Investing:    
Purchase of property, plant and equipment (3,191,000) (3,898,000)
Net cash provided by (used in) investing activities (3,191,000) (3,898,000)
(Decrease) increase in cash (1,000,000) 9,153,000
Cash, beginning of period 1,601,000 5,536,000
Cash, end of the period 601,000 14,689,000
Supplemental Information    
Property, plant and equipment acquired that was unpaid in cash and included in accounts payable and accruals 418,000 55,000
Property, plant and equipment acquired through capital lease $ 126,000 $ 627,000