Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 43 $ 44,639
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Realized gain (loss) on marketable securities 15
Gain on sale of assets, net of income taxes (26,349)
Income tax benefit (18,123)
Depreciation and amortization 95 323
Amortization of loan origination and warrant expenses 10
Share-based compensation expense 31
Changes in operating assets and liabilities:    
Accounts receivable 161 2,360
Inventory (479) 581
Prepaid and other assets (80) 82
Accounts payable (18) (1,597)
Accrued advertising and other allowances (1,038)
Other current liabilities 105 2,418
Assets held for sale, discontinued operations 22 (699)
Accrued sales allowance, discontinued operations (61) 400
Net cash provided by (used in) operating activities (166) 3,007
Cash flows from investing activities:    
Purchase of marketable securities (5,765)
Proceeds from maturities of marketable securities 5,695
Proceeds from sale of marketable securities 450
Net proceeds from the sale of assets 40,825
Capital expenditures (42)
Net cash provided by investing activities 380 40,783
Cash flows from financing activities:    
Payments to retire secured promissory notes (1,500)
Proceeds from exercise of warrants 69
Net cash used in financing activities (1,431)
Net increase in cash and cash equivalents 214 42,359
Cash and cash equivalents at beginning of period 3,173 441
Cash and cash equivalents at end of period 3,387 42,800
Supplemental disclosures of cash flow information    
Interest paid 54
Non-cash investing activities:    
Escrow receivable 5,000 5,000
Net unrealized losses, investments in marketable securities $ (43)