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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES:    
Net income $ 8,161 $ 10,969
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,138 1,012
Stock-based compensation expense 386 191
Gain on sale of investment (125) (34)
Provision for deferred income taxes 543 555
Non-cash investment loss 1,009
Non-cash interest income (131) (49)
Equity in loss of affiliate company 400 332
Changes in operating assets and liabilities:    
Accounts receivable, net 5,489 (5,028)
Other current assets (358) 224
Other long-term assets 22 61
Accounts payable 311 131
Accrued payroll (602) 1,358
Deferred revenue, current portion 633 (92)
Accrued expenses 168 82
Other current liabilities 2,945 961
Deferred revenue, net of current portion (23) (88)
Net cash provided by operating activities 20,966 10,585
INVESTING ACTIVITIES:    
Purchases of property and equipment (6,875) (1,676)
Advances on note and interest receivable (1,000) (2,000)
Proceeds from sale of investments 135 379
Net cash used in investing activities (7,740) (3,297)
FINANCING ACTIVITIES:    
Sale of capital stock pursuant to exercise of option 210
Repurchases of common stock (1,639)
Net cash (used in) provided by financing activities (1,639) 210
Effects of exchange rate changes on cash (46) (2)
Net increase in cash 11,541 7,496
Cash at beginning of year 26,415 18,919
Cash at end of year 37,956 26,415
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 1,826 $ 1,159