Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net loss $ (5,094) $ (1,317)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 7,897 6,387
Amortization of debt costs and warrants 1,088 1,615
Amortization of customer loyalty programs, land lease and water rights 31 1,506
Change in fair value of stock warrants 543 0
Loss on disposals and other write-offs 567 3
Tribal advance collection allowance reduction 0 (500)
Share-based compensation 409 343
Increases and decreases in operating assets and liabilities:    
Accounts receivable, net (445) 193
Income tax and other receivables 0 3,011
Prepaid expenses, inventories and other (5) (1,008)
Deferred tax 631 350
Accounts payable and accrued expenses 2,298 (3,074)
Net cash provided by operating activities 7,920 7,509
Cash flows from investing activities:    
Acquisition of Bronco Billy's, net of cash acquired (28,369) 0
Purchase of property and equipment, net of construction contracts payable (3,496) (11,354)
Proceeds from sale of fixed assets 172 0
Restricted cash 569 (569)
Proceeds from repayment of tribal advance 250 250
Refunded acquisition deposit and other, net 2,364 (3,129)
Net cash used in investing activities (28,510) (14,802)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 4,641 0
First Term Loan (repayments) borrowings (2,688) 8,869
Revolving Loan repayments, net (2,000) (1,500)
Second Term Loan borrowings 35,000 0
Repayment of long-term debt on capital lease obligation (433) (750)
Debt costs (1,466) (391)
Net cash provided by financing activities 33,054 6,228
Net increase (decrease) in cash and equivalents 12,464 (1,065)
Cash and equivalents, beginning of year 14,574 15,639
Cash and equivalents, end of year 27,038 14,574
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest, net of amounts capitalized 8,187 4,846
Cash received from income tax refunds, net 0 (3,958)
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued capital expenditures 1,367 604
Issuance of common stock warrants $ 574 $ 0