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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net (loss) income $ (598) $ 1,492
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,317 2,217
Provision for credit losses 906 373
Deferred income taxes (99) (506)
Change in fair value of interest rate swaps 124 (379)
Stock-based compensation expense 468 1,050
Measurement period adjustments 0 571
Non-cash interest adjustment on note payable 13 8
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable (951) (1,669)
Decrease (increase) in other assets 78 (92)
Increase (decrease) in accounts payable 113 (49)
Increase (decrease) in accrued expenses 19 (491)
Increase (decrease) in deferred revenue (96) (235)
Net cash provided by operating activities 2,294 2,290
Cash flows from investing activities:    
Capitalized software (537) (319)
Purchase of fixed assets (19) (26)
Purchase of acquired business, net of cash received 0 350
Net cash provided by (used in) investing activities (556) 5
Cash flows from financing activities:    
Exercise of stock options 0 19
Payment of note payable (3,333) (22,000)
Issuance of secured promissory note 0 19,988
Payment for capitalized debt issuance costs 0 (88)
Net cash used in financing activities (3,333) (2,081)
Net change in cash and cash equivalents (1,595) 214
Cash and cash equivalents - beginning 5,714 4,832
Currency translation adjustment (33) 4
Cash and cash equivalents - ending 4,086 5,050
Supplemental disclosures:    
Cash paid for income taxes 170 993
Cash paid for interest $ 1,093 $ 1,208