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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net (loss) income $ (3,075) $ 31
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 437 587
Gain on sale of fixed assets   (5,672)
Stock-based compensation 1,097 1,356
Interest on note receivable (93) (70)
Bad debt provision   221
Non-cash lease expense 218  
Change in fair value of contingent acquisition payment (812)  
Changes in assets and liabilities:    
Accounts receivable (3,432) (122)
Unbilled receivables 1,387 (669)
Prepaid expenses and other current assets (459) (776)
Tax receivable 1,355  
Accounts payable (408) 706
Accrued expenses 363 (220)
Deferred revenue 2,180 67
Net cash used in operating activities (1,242) (4,561)
Cash flows from investing activities:    
Purchases of property and equipment (16) (144)
Proceeds from sale of fixed assets   8,547
Purchase of marketable securities (9,128) (18,556)
Sale of marketable securities 4,750  
Investment in note receivable   (2,500)
Net cash used in investing activities (4,394) (12,653)
Cash flows from financing activities:    
Proceeds from issuance of common stock 52 96
Payments made for taxes of employees who surrendered shares related to unrestricted stock (15) (24)
Repurchase of common stock (467) (164)
Net cash used in financing activities (430) (92)
Decrease in cash and cash equivalents (6,066) (17,306)
Cash and cash equivalents, beginning of period 11,749 29,963
Cash and cash equivalents, end of period 5,683 $ 12,657
Supplemental disclosure: Cash paid for income taxes $ 136