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
Dec. 31, 2017
Jan. 01, 2017
Cash flows from operating activities:    
Net (loss) income $ (94) $ 354
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 81 83
Loss (gain) on change in fair value of warrants 344 (430)
Stock compensation expense 44 64 [1]
Accounts receivable 701 82
Inventory (88) (371)
Prepaid expenses 4 45
Accounts payable and accrued expenses (826) (131)
Federal income taxes payable 90
Accrued warranty costs 77
Prepaid royalties - long term 7 7
Customer advance deposits (215) (72)
Total adjustments 219 (723)
Net cash provided by (used in) operating activities 125 (369)
Cash flows used in investing activities    
Purchases of property and equipment (130)
Net cash used in investing activities (130)
Cash flows used in financing activities    
Dividends paid (261)
Net cash used in financing activities (261)
Net decrease in cash and cash equivalents (136) (499)
Cash and cash equivalents at beginning of period 1,682 2,568
Cash and cash equivalents at end of period 1,546 2,069
Supplemental cash flow information:    
Exchange of common stock for non-trade accounts receivable 155
Exchange of preferred stock for common stock 480 90
Dividends declared and unpaid 262
Cash paid for interest $ 3 $ 4
[1] General and administrative expenses for the three months ending January 1, 2017 of $64 thousand associated with the amortized stock compensation on executive/director restricted stock units has been restated from Optex Richardson to Other (non allocated costs). Operating income (loss) for Optex Richardson and Other (non allocated costs) has been restated to reflect the change.