Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ 44,639 $ (1,336)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Gain on sale of assets, net of income taxes (26,349)
Income tax benefit (18,123)
Depreciation and amortization 323 107
Amortization of loan origination and warrant expenses 10 6
Share-based compensation expense 1
Changes in operating assets and liabilities:    
Accounts receivable 2,360 1,312
Inventory 581 259
Prepaid and other assets 82
Accounts payable (1,597) 572
Accrued advertising and other allowances (1,038) (315)
Other current liabilities 2,418 397
Assets held for sale, discontinued operations (699)
Accrued sales allowance, discontinued operations 400
Net cash provided by operating activities 3,007 1,003
Cash flows from investing activities:    
Net proceeds from the sale of assets 40,825
Capital expenditures (42) (210)
Net cash provided by (used in) investing activities 40,783 (210)
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 42,359 793
Cash and cash equivalents at beginning of period 441 1,664
Cash and cash equivalents at end of period 42,800 2,457
Supplemental disclosures of cash flow information    
Interest paid 54
Non-cash investing activities:    
Escrow receivable $ 5,000