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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,792 $ 2,709
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 1,515 424
Depreciation expense 95 66
Amortization of intangibles 6,181 7,484
Amortization of debt issuance costs and debt discount 202 944
Income from unconsolidated subsidiaries (326) (220)
Deferred tax expense 2,304 117
Remeasurement of Contingent Consideration 127
Post close purchase price adjustment 11
Change in operating assets and liabilities:    
Accounts receivable (515) (511)
Due from related parties (5,747) 192
Prepaid expenses and other assets 634 703
Right-of-use assets 596 400
Accounts payable 341 (252)
Accrued expenses (14,226) (278)
Due to related parties (1,853) (2,200)
Other liabilities 11,919 189
Deferred revenues (1,024) 134
Lease liabilities (404) (453)
Net cash provided by operating activities 7,622 9,476
CASH FLOWS FROM INVESTING ACTIVITIES    
Notes receivable (231)
Proceeds from note receivable 7
Investments in unconsolidated subsidiaries (2,087)
Proceeds from investments in unconsolidated subsidiaries 98 2,133
Software capitalization (35) 0
Post-closing payments for Enhanced working capital (1,207)
Purchases of property and equipment (263) (22)
Net cash used in investing activities (424) (1,183)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments on debt obligations (25,000) (7,258)
Payments of contingent consideration (414)
Debt issuance costs (8) (27)
Net cash used in financing activities (25,008) (7,699)
Net change in cash, cash equivalents and restricted cash (17,810) 594
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 43,482 12,783
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 25,672 13,377
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 398 4,624
Net cash (received)/paid for income taxes 236 407
NON-CASH OPERATING, INVESTING AND FINANCING ACTIVITIES    
Additions to right-of-use assets 1,823
Additions to lease liabilities 1,823
Accrual for settlement of stock options 12,466
Additions to contingent consideration 127
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents 23,655 12,179
Restricted Cash 2,017 1,198
Total cash, cash equivalents and restricted cash $ 25,672 $ 13,377