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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOW FROM OPERATING ACTIVITIES:      
Net income (loss) $ 41,288 $ 5,402 $ (7,253)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,061 2,090 1,688
Goodwill impairment 139 0 0
Gain from sale of investment (186) 0 0
Bad debt expense 864 272 260
Deferred income taxes (292) (651) (35)
Loss on disposal of property and equipment 0 71 0
Equity loss (income) from investment in affiliates 983 790 (91)
Stock-based compensation 350 0 0
Revaluation and related costs reimbursed to related party 0 0 8,139
Changes in assets and liabilities:      
Accounts receivable, net (23,280) 11,395 669
Receivable from related party 2,200 (2,200) 0
Prepaid expenses and other current assets 1,442 (13,562) 1,366
Other assets (112) 485 (89)
Accounts payable 2,321 (2,548) (30)
Accrued expenses and other current liabilities 9,400 (5,521) (7,055)
Vat Payable (4,793) 3,999 (4,734)
Income taxes payable 5,745 405 (1,799)
Operating lease accounts, net (1,919) 19 (102)
Other liabilities 17,172 23,786 (26)
Net cash provided by (used in) operating activities 53,383 24,232 (9,092)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (1,434) (2,197) (1,884)
Purchase of company in Sweden (150) 0 0
Capitalization of software costs (1,040) (603) 0
Proceeds from sale of property and equipment 79 67 0
Proceeds from sale of investment 200 0 0
Investments (68) (150) (1,800)
Deposits at (withdraws from) insurance companies (4) (226) 151
Repayments from an affiliate 0 0 180
Net cash used in investing activities (2,417) (3,109) (3,353)
CASH FLOW FROM FINANCING ACTIVITIES:      
Borrowings (repayments) under lines of credit, net (7,230) (13,091) 8,076
Repayments of convertible notes payable to a related party (8) 0 (29,572)
Proceeds from a related party 0 0 1,000
Repayments of loan payable to a related party 0 (1,538) (368)
Repayment of loan payable 0 (1,121) (1,120)
Proceeds from sale of a subsidiary's preferred shares 0 0 80,000
Transaction costs 0 0 (6,054)
Decrease in bank overdrafts 0 (738) (107)
Net cash provided by (used in) financing activities (7,238) (16,488) 51,855
EFFECT OF CHANGES IN FOREIGN CURRENCY EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH (1,350) 1,594 (482)
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 42,378 6,229 38,928
CASH, CASH EQUIVALENTS AND RESTRICTED CASH BEGINNING OF YEAR 61,074 54,845 15,917
CASH, CASH EQUIVALENTS AND RESTRICTED CASH END OF YEAR 103,452 61,074 54,845
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Stock issuance as reduction against convertible notes payable to related party 0 800 6,698
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES      
Cash paid during the year for: Interest 152 613 1,963
Cash paid during the year for: Income taxes $ 2,175 $ 1,329 $ 3,129