Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net loss	$ (8,204)	$ (4,826)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	466	483
Stock-based compensation	620	1,350
Changes in operating assets and liabilities:
Accounts receivable, net	4,890	4,219
Contract assets	(244)	389
Prepaid expenses and other assets	(112)	(84)
Third-party software fees payable	(2,665)	(6,869)
Accounts payable and accrued expenses	(442)	427
Deferred revenue	(854)	(1,149)
Deferred rent	(253)	(238)
Net cash used in operating activities	(6,798)	(6,298)
Cash flows from investing activities:
Purchases of equipment and furniture	(709)	(344)
Proceeds from maturities of short-term investments	14,125	25,702
Purchases of short-term investments	(8,092)	(20,440)
Net cash provided by investing activities	5,324	4,918
Cash flows from financing activities
Proceeds from exercise of stock options	9	174
Effect of exchange rate changes on cash and cash equivalents	(2)	25
Net decrease in cash and cash equivalents	(1,467)	(1,181)
Cash and cash equivalents, beginning of period	12,859	14,312
Cash and cash equivalents, end of period	$ 11,392	$ 13,131

Increase decrease in deferred rent.

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