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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows provided by operating activities:    
Net income $ 4,296 $ 5,608
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of deferred issuance costs and fees (47) 40
Earnings of equity method investments (2,522) (683)
Noncash credit loss expense (184) 90
Noncash lease expense 325 326
Depreciation and amortization 288 241
Deferred taxes 956 448
Stock-based compensation expense 518 407
Changes in operating assets and liabilities:    
Accounts receivable 860 (1,937)
Inventory – equipment 789 (430)
Other current assets (502) 119
Accounts payable and accrued liabilities (2,129) (2,147)
Payables to sellers 5,406 4,897
Lease liabilities (324) (316)
Net cash provided by operating activities 7,730 6,663
Cash flows from investing activities:    
Investment in notes receivable (4,516) (18,698)
Payments received on notes receivable 6,132 3,381
Cash received on transfer of notes receivable to partners 0 8,851
Investment in equity method investments (343) (4,249)
Return of investment in equity method investments 1,811 2,260
Cash distributions from equity method investments 2,522 683
Purchase of property and equipment (99) (220)
Net cash provided by (used in) investing activities 5,507 (7,992)
Cash flows from financing activities:    
Proceeds from debt payable to third parties 0 11,400
Repayment of debt payable to third parties (852) (7,619)
Proceeds from issuance of common stock from stock option awards 0 33
Payments of tax withholdings related to issuance of restricted common stock and stock option awards (81) (117)
Net cash (used in) provided by financing activities (933) 3,697
Net increase in cash and cash equivalents 12,304 2,368
Cash and cash equivalents as of beginning of period 12,279 12,667
Cash and cash equivalents as of end of period 24,583 15,035
Supplemental cash flow information:    
Cash paid for taxes 727 519
Cash paid for interest 200 244
Noncash transfer of notes receivable to equity method investments $ 2,487 $ 0