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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net income $ (10,793) $ 766
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Net income from discontinued operations, net of tax (2,488) (4,207)
Impairment loss on intangible assets 14,150 0
Provision for credit losses 1,083 538
Depreciation and amortization 2,928 2,788
Deferred income taxes (3,933) (433)
Stock-based compensation expense - employees and directors 684 1,365
Stock-based compensation expense - consultants 44 0
Change in fair value of interest rate swap (81) 21
Amortization of debt issuance costs 17 13
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (1,462) (1,150)
Decrease (increase) in other assets 391 152
Increase (decrease) in accounts payable 245 (60)
Increase (decrease) in deferred revenue 44 267
Increase (decrease) in accrued expenses and other liabilities (429) (801)
Net cash provided by (used in) operating activities of continuing operations 400 (741)
Net cash provided by operating activities of discontinued operations 2,760 3,801
Net cash provided by operating activities 3,160 3,060
Cash flows from investing activities    
Purchase of fixed assets (19) (25)
Capitalized software (597) (478)
Purchase of acquired business, net of cash received (See note 4) 0 350
Net cash used in investing activities (616) (153)
Cash flows from financing activities    
Payment of note payable (see Note 6) (4,000) (22,000)
Proceeds from issuance of term loan (see Note 6) 0 19,988
Payment for capitalized debt issuance costs 0 (88)
Proceeds from exercise of stock options, net of income taxes 0 19
Net cash used in financing activities (4,000) (2,081)
Net change in cash and cash equivalents (1,456) 826
Cash and cash equivalents - beginning 5,714 4,832
Currency translation adjustment (155) 56
Cash and cash equivalents - ending 4,103 5,714
Supplemental disclosures:    
Cash paid for income taxes 342 1,314
Cash paid for interest $ 1,387 $ 1,394