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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOW FROM OPERATING ACTIVITIES:      
Net income (loss) $ (3,901) $ 10,571 $ (5,234)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 2,371 2,679 2,454
Loss (gain) from sale of investment 0 (715) 14
Bad debt expense 808 544 409
Deferred income taxes 352 (57) (120)
Equity loss from investment in affiliates 0 0 226
Stock-based compensation 858 911 513
Changes in assets and liabilities:      
Accounts receivable (961) (15,682) (1,229)
Prepaid expenses and other current assets (705) 2,929 5,316
Deposits with customers 988 2,126 (4,545)
Other assets (25) 0 550
Accounts payable 332 (2,256) 3,019
Accrued expenses and other current liabilities 277 8,287 3,554
VAT payable (1,050) 2,802 2,668
Income and other taxes payable (1,836) 386 16
Operating lease accounts, net 17 (93) (468)
Other liabilities (6,997) (8,043) (9,254)
Net cash provided by (used in) operating activities (9,472) 4,389 (2,111)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (1,948) (1,551) (1,746)
Capitalization of software costs (49) (86) (1,355)
Proceeds from sale of property and equipment 0 0 4
Proceeds from sale of investments 0 785 0
Purchase of investments (20) 0 (45)
Deposits (withdraws) regarding employees severance (95) 229 454
Net cash used in investing activities (2,112) (623) (2,688)
CASH FLOW FROM FINANCING ACTIVITIES:      
Loans received 8,869 2,853 0
Loans repaid (7,793) (2,853) 0
Withdraws under factoring agreements 18,244 2,284 1,974
Repayments under factoring agreements (16,231) (2,201) (2,039)
Dividend paid to AU10TIX shareholders (3,248) 0 0
Withdraws (repayments) of convertible notes payable to a related party 0 110 (87)
Net cash provided by (used in) financing activities (159) 193 (152)
EFFECT OF CHANGES IN FOREIGN CURRENCY EXCHANGE RATES ON CASH, CASH EQUIVALENTS, RESTRICTED CASH AND BANK DEPOSITS (1,880) 1,106 (2,539)
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, RESTRICTED CASH AND DEPOSITS (13,623) 5,065 (7,490)
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND BANK DEPOSITS BEGINNING OF YEAR 101,027 95,962 103,452
CASH, CASH EQUIVALENTS, RESTRICTED CASH AND BANK DEPOSITS END OF YEAR 87,404 101,027 95,962
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Additional Payment For Shares Issued In Previous Years 0 1,214 0
Commitment to purchase shares from certain directors and officers 0 (1,518) 0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES      
Interest 1,088 1,063 80
Income taxes $ 5,196 $ 6,009 $ 1,895