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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 4,225 $ 3,681
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 383 478
Stock-based compensation 95 396
Deferred income tax (15) (68)
Net foreign currency effect 3 3
Net recoveries of accounts receivable and refund reserves (33) (712)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (235) 372
Prepaid income taxes 63 407
Prepaid expenses and other 582 160
Accounts payable 1,008 (1,321)
Merchant payables (2,678) (4,591)
Accrued expenses and other (239) 13
Deferred revenue 1,211 898
Income tax payable 54 0
Other liabilities, net 197 819
Net cash provided by operating activities 4,621 535
Cash flows from investing activities:    
Proceeds from repayment of note receivable 0 39
Purchases of property and equipment (35) (111)
Net cash used in investing activities (35) (72)
Cash flows from financing activities:    
Repurchase of common stock (3,872) (186)
Net cash used in financing activities (3,872) (186)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (238) 171
Net increase in cash, cash equivalents and restricted cash 476 448
Cash, cash equivalents and restricted cash at beginning of period 16,389 19,378
Cash, cash equivalents and restricted cash at end of period 16,865 19,826
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 548 74
Right-of-use assets obtained in exchange for lease obligations—operating leases 235 0
Cash paid for amounts included in the measurement of lease liabilities 857 860
Non-cash investing and financing activities:    
Accrued excise tax for share repurchases 36 0
Accrued tax withholding related to option exercise $ 249 $ 0