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CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:        
Net loss $ (4,995) $ (3,952) $ (9,078) $ (13,368)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Depreciation of premises and equipment 100 100 236 198
Amortization of developed software 1,800 3,300 4,332 9,250
Amortization of other intangible assets 100 100 240 240
Impairment of software assets 0 0 50 0
Provision for bad debt     440 350
Share-based compensation expense     (135) 1,534
Gain on fair value of private warrant liability (54) (433) 0 (2,449)
Changes in operating assets and liabilities:        
Accounts receivable     3,797 (601)
Prepaid expenses and other current assets     2,834 2,988
Other assets     0 72
Accounts payable and accrued liabilities     (282) (537)
Deferred revenue     (590) (3,207)
Net Cash provided by (used in) Operating Activities     1,844 (5,530)
Cash Flows from Investing Activities:        
Development of internal use software     (4,546) (4,114)
Purchases of premises and equipment     (131) (224)
Net Cash used in Investing Activities     (4,677) (4,338)
Cash Flows from Financing Activities:        
Payments related to net settlement of share-based compensation awards     (231) (2,438)
Net Cash used in Financing Activities     (231) (2,438)
Net Decrease in Cash and Cash Equivalents     (3,064) (12,306)
Cash and Cash Equivalents – Beginning     14,288 21,108
Cash and Cash Equivalents – Ending $ 11,224 $ 8,802 11,224 8,802
Supplementary Cash Flow Information:        
Income taxes refunded, net     (2,380) (4,323)
Noncash Operating, Investing, and Financing Activities:        
Conversion of private warrants to public warrants     0 20
Impairment of software assets     480 0
Impairment of software assets     $ 0 $ 480