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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES:    
Net income $ 6,042 $ 7,272
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,460 730
Stock-based compensation expense 330 129
Non-cash investment expense 1,009
Non-cash interest income (93) (23)
Equity in loss of affiliate company 268 104
Changes in operating assets and liabilities:    
Accounts receivable 4,714 (2,328)
Other current assets (312) 163
Other long-term assets 185 (65)
Accounts payable 62 8
Accrued payroll (487) 904
Deferred revenue, current portion 2,786 (339)
Accrued expenses (46) 27
Other current liabilities (993) 1,167
Deferred revenue, net of current portion 259 (70)
Net cash provided by operating activities 15,184 7,679
INVESTING ACTIVITIES:    
Purchases of property and equipment (6,173) (1,553)
Advances of notes receivable (1,000) (1,500)
Net cash used for investing activities (7,173) (3,053)
FINANCING ACTIVITIES:    
Sale of capital stock pursuant to exercise of option 163
Net cash provided by financing activities 163
Effects of exchange rate changes on cash (35) (32)
Net increase in cash 7,976 4,757
Cash at beginning of period 26,415 18,919
Cash at end of period 34,391 23,676
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for income taxes $ 1,826 $ 875