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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net (loss) income $ (132) $ 1,219
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,540 1,472
Provision for credit losses 595 260
Deferred income taxes (72) (299)
Change in fair value of interest rate swaps (219) (214)
Stock-based compensation expense 200 691
Non-cash interest adjustment on note payable 8 4
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (928) (1,587)
Decrease (increase) in other assets 52 (256)
Increase (decrease) in accounts payable (230) (89)
Increase (decrease) in accrued expenses (110) 488
Increase (decrease) in deferred revenue 92 314
Net cash provided by operating activities 796 2,003
Cash flows from investing activities:    
Capitalized software (400) (167)
Purchase of fixed assets (16) (11)
Purchase of acquired business, net of cash received 0 350
Net cash provided by (used in) investing activities (416) 172
Cash flows from financing activities:    
Payment of note payable (2,000) (22,000)
Issuance of secured promissory note 0 19,988
Payment for capitalized debt issuance costs 0 (88)
Net cash used in financing activities (2,000) (2,100)
Net change in cash and cash equivalents (1,620) 75
Cash and cash equivalents - beginning 5,714 4,832
Currency translation adjustment (74) 54
Cash and cash equivalents - ending 4,020 4,961
Supplemental disclosures:    
Cash paid for income taxes 101 158
Cash paid for interest $ 754 $ 887