• Filing Date: 2019-11-15
  • Form Type: 10-Q/A
  • Description: Quarterly report (Amendment)
v3.19.3
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION (Tables)
9 Months Ended
Sep. 30, 2019
Supplemental Cash Flow Information [Abstract]  
Supplemental disclosure of cash flow information
    For the Nine Months Ended September 30,  
    2019     2018  
    (Dollars in thousands)  
Cash paid for interest - continuing operations   $ 1,544     $ 298  
Cash paid for interest - held for sale operations     220       96  
Cash paid for taxes - held for sale operations     12       -  
Non-cash investing and financing activities                
Property and equipment - continuing operations     39       -  
Accounts payable - continuing operations     (39 )     -  
Property and equipment - held for sale operations     -       32  
Notes payable - held for sale operations     -       (32 )
Proceeds from short-term borrowing arrangement transferred to settle line of credit     312       -  
Repayment of line of credit     (312 )     -  
Business combinations, net of cash                
Current assets     415       -  
Intangible assets     7,436       386  
Goodwill     4,934       -  
Current liabilities     (388 )     -  
Cash paid acquisition of OpenALPR Technology     (7,000 )     -  
Note issued acquisition of OpenALPR Technology     (5,000 )        
Issuance of common stock     (397 )     (163 )
Issuance of common stock warrants     -       (123 )
Sale of Secured Education                
Current assets     (58 )     -  
Intangible assets sold     (250 )     -  
Current liabilities     54       -  
Loss on sale     3       -  
Financing                
Notes payable - continuing operations     21,000          
Debt discount financing costs     (2,599 )     -  
Extinguishment of debt     (1,113 )     -  
Repayment of notes payable and interest expense, net of debt discount     (2,515 )     -  
Investment in OpenALPR Technology     (12,000 )     -  
Issuance of warrants in conjunction with notes payable     706          
Accounts Payable     360       -  
Proceeds from notes payable     3,839          
Common stock issued in connection with note payable     -       126  
Adoption of ASC-842 Lease Accounting:                
Right-of-use lease asset     1,212       -  
Deferred rent     30       -  
Lease liability   $ (1,242 )   $ -