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Statements of Cash Flows (FY)
$ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Operating activities:      
Net loss $ (17,027) $ (22,803) $ (18,231)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 5,624 5,881 6,040
Provision for bad debts 61 114 61
Amortization of debt discount 278 94 92
Stock-based compensation expense 3,063 2,114 1,796
Change in fair value of contingent consideration liability (406) 0 0
Change in fair value of warrants liability 926 12 54
Deferred income taxes 196 192 52
Changes in operating assets and liabilities:      
Accounts receivable (3,413) (4,783) (2,623)
Prepaid expenses 407 (1,321) (336)
Other assets (current and non-current) (4,028) (333) (27)
Accounts payable (1,656) 1,765 632
Accrued expenses 11,962 6,868 741
Deferred revenue 4,688 6,005 4,399
Deferred implementation, commissions and other costs (756) (1,464) (872)
Other liabilities (current and non-current) (136) 384 1,933
Net cash used in operating activities (217) (7,275) (6,289)
Investing activities:      
Purchase of businesses 0 (6,335) (16,278)
Capitalized Software Development (578) (899) (1,124)
Purchases of property and equipment (1,178) (3,418) (6,812)
Net cash provided by (used in) investing activities (1,756) (10,652) (24,214)
Financing activities:      
Issuance of long-term debt 45,000 0 (25)
Financing costs paid upon issuance of long-term debt (1,446) 0 0
Proceeds from line of credit 6,000 24,750 1,000
Repayments of line of credit (6,000) (3,000) 0
Payments on long-term debt (28,921) (3,333) (833)
Payments on capital lease obligations (261) (276) (536)
Proceeds from exercise of stock options 1,308 1,127 126
Payments of deferred purchase consideration (524) 0 (650)
Change in customer funds payable (202) 3,505 2,854
Settlement of contingent consideration liabilities 0 0 (225)
Net cash provided by (used in) financing activities 14,954 22,773 1,711
Net increase (decrease) in cash and cash equivalents and restricted cash 12,981 4,846 (28,792)
Cash, cash equivalents, and restricted cash, beginning of period 25,862 21,016 49,808
Cash, cash equivalents, and restricted cash, end of period 38,843 25,862 21,016
Reconciliation of cash, cash equivalents, and restricted cash to the balance sheets      
Cash and cash equivalents 14,642 4,736 3,395
Customer funds 20,924 21,126 17,621
Restricted cash 3,277 0 0
Cash, cash equivalents, and restricted cash, end of period 38,843 25,862 21,016
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 4,238 1,266 646
Cash paid for income taxes (41) 3 9
Noncash Investing & Financing Activities:      
Fixed assets purchased under capital lease obligation 6 210 130
Leasehold improvement incentive recorded as property and equipment and other long-term liability 0 0 5,792
Contingent consideration for purchase of business 0 1,066 0
Deferred purchase consideration $ 0 $ 1,131 $ 0