XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows (used in) provided by operating activities:    
Net income $ 3,223 $ 1,619
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Amortization of deferred issuance costs and fees 111 31
Earnings of equity method investments (4,254) (1)
Noncash lease expense 251 286
Depreciation and amortization 266 189
Deferred taxes 496 (531)
Stock-based compensation expense 214 211
Changes in operating assets and liabilities:    
Accounts receivable 820 (1,018)
Inventory – equipment (701) 74
Other assets 274 (89)
Accounts payable and accrued liabilities 967 (554)
Payables to sellers (309) (4,220)
Lease liabilities (239) (287)
Net cash provided by (used in) operating activities 1,119 (4,290)
Cash flows provided by (used in) investing activities:    
Investment in notes receivable 0 (4,765)
Payments received on notes receivable 1,522 2,548
Cash received on transfer of notes receivable to partners 0 1,961
Investment in equity method investments (6,107) (491)
Return of investment in equity method investments 2,048 0
Cash distributions from equity method investments 4,753 0
Purchase of property and equipment (39) (33)
Net cash provided by (used in) investing activities 2,177 (780)
Cash flows used in financing activities:    
Repayment of debt payable to third parties (739) 0
Proceeds from issuance of common stock from stock option awards 34 131
Payments of tax withholdings related to cashless exercises of stock option awards (32) (921)
Repurchase of common stock (105) 0
Net cash used in financing activities (842) (790)
Net increase (decrease) in cash and cash equivalents 2,454 (5,860)
Cash and cash equivalents as of beginning of period 13,622 23,385
Cash and cash equivalents as of end of period 16,076 17,525
Supplemental cash flow information:    
Cash paid for taxes 273 97
Cash paid for interest 65 0
Noncash change in Right-of-use assets 251 2,263
Noncash change in Lease liabilities $ 239 $ 2,263