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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net (loss) income $ (779) $ 17,043
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation of premises and equipment 298 193
Loss on disposal of premises and equipment 38 0
Amortization of developed software 11,445 11,444
Amortization of other intangible assets 320 321
Amortization of leased assets 326 820
Provision for bad debt 226 79
Impairment of software assets 0 215
Share-based compensation expense 11,356 11,343
Gain on fair value of private warrant liability (8,066) (17,225)
Changes in operating assets and liabilities:    
Accounts receivable 708 760
Prepaid expenses and other current assets (6,976) 249
Other assets 0 (365)
Accounts payable and accrued liabilities 5,737 (1,314)
Taxes payable (1,807) 1,807
Operating lease liabilities (416) (715)
Deferred revenue (8,930) 2,888
Net Cash provided by Operating Activities 3,480 27,543
Cash Flows from Investing Activities:    
Development of internal use software (5,176) (595)
Purchases of premises and equipment (499) (138)
Net Cash used in Investing Activities (5,675) (733)
Cash Flows from Financing Activities:    
Repayments of borrowings 0 (21,000)
Proceeds from recapitalization transaction 0 16,888
Repurchase of private warrants 1 17
Repurchase of private warrants (1,977) 0
Payments related to net settlement of share-based compensation awards (425) 0
Net Cash used in Financing Activities (2,401) (4,095)
Net (Decrease) Increase in Cash and Cash Equivalents (4,596) 22,715
Cash and Cash Equivalents – Beginning 25,704 2,989
Cash and Cash Equivalents – Ending 21,108 25,704
Supplementary Cash Flow Information:    
Income taxes paid, net of refunds 8,123 4,224
Interest paid 0 178
Noncash Operating, Investing and Financing Activities:    
Shares issued to settle Megalith accounts payable in connection with recapitalization transaction $ 0 $ 740