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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES:    
Net income $ 1,047 $ 2,072
Adjustments to reconcile net income from continuing operations to net cash used for operating activities:    
Depreciation and amortization 302 180
Stock-based compensation expense 62 25
Non-cash investment expense 1,009
Non-cash interest income (32) (30)
Equity in loss of affiliate company 41
Changes in operating assets and liabilities:    
Accounts receivable 676 42
Other current assets (74) 110
Other long-term assets (6) (37)
Accounts payable (31)
Accrued payroll (1,091) 140
Deferred revenue, current portion 3,422 124
Accrued expenses 140 56
Other current liabilities 236 1,061
Deferred revenue, net of current portion (8) (37)
Net cash provided by operating activities 5,693 3,706
INVESTING ACTIVITIES:    
Purchases of property and equipment (539) (112)
Advances of notes receivable (1,000) (500)
Net cash used for investing activities (1,539) (612)
FINANCING ACTIVITIES:    
Sale of capital stock pursuant to exercise of option 59
Net cash provided by financing activities 59
Effects of exchange rate changes on cash (31) (1)
Net increase in cash 4,123 3,152
Cash at beginning of period 26,415 18,919
Cash at end of period $ 30,538 $ 22,071