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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES:    
Net income $ 1,326,000 $ 3,131,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,927,000 3,655,000
Stock-based compensation expense 585,000 150,000
Deferred income taxes (159,000) 22,000
Equity in loss of affiliate company 438,000 686,000
Changes in operating assets and liabilities:    
Accounts receivable, net 439,000 7,110,000
Other current assets (933,000) (449,000)
Other long-term assets 210,000 362,000
Accounts payable (104,000) (489,000)
Accrued payroll (22,000) 115,000
Deferred revenue, current portion (738,000) 630,000
Accrued expenses 20,000 352,000
Other current liabilities (588,000) (44,000)
Deferred revenue, net of current portion (60,000) (110,000)
Net cash provided by operating activities 2,341,000 15,121,000
INVESTING ACTIVITIES:    
Purchases of property and equipment (2,753,000) (4,013,000)
Proceeds from payments on notes receivable 100,000 110,000
Advances on notes receivable (200,000) 0
Purchase of marketable securities 1,089,000 852,000
Maturities of marketable securities 1,023,000 726,000
Net cash used for investing activities (2,919,000) (4,029,000)
FINANCING ACTIVITIES:    
Repurchases of common stock 3,701,000 439,000
Net cash used for financing activities (3,701,000) (439,000)
Effects of exchange rate changes on cash (50,000) (47,000)
Net (decrease) increase in cash (4,329,000) 10,606,000
Cash at beginning of period 26,918,000 20,399,000
Cash at end of period 22,589,000 31,005,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for income taxes 1,086,000 920,000
Purchases of property and equipment, accrued but not paid $ 162,000 $ 110,000