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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income for the period $ 2,834 $ 2,799 [1]
Items not involving cash:    
Depreciation of property and equipment 2,990 1,925 [1]
Loss on write off of property and equipment 22 [1]
Amortization of debt discount and issuance costs 67 78 [1]
Amortization of intangible assets 3,301 2,040 [1]
Net amortization contract costs 29 19 [1]
Accretion of contingent consideration 87
Deferred income taxes (recovery) (190) 462 [1]
Excess tax benefits on share-based compensation expense (180) (356) [1]
Net Right of use operating assets/Operating lease liability (179) (30) [1]
Loss on disposal of domain names 13 4 [1]
Loss (gain) on change in the fair value of forward contracts 348 (118) [1]
Stock-based compensation 801 525 [1]
Change in non-cash operating working capital:    
Accounts receivable 2,151 (1,188) [1]
Inventory 904 408 [1]
Prepaid expenses and deposits 25 (390) [1]
Prepaid domain name registry and ancillary services fees (2,853) (1,716) [1]
Income taxes recoverable 500 (1,236) [1]
Accounts payable 1,771 786 [1]
Accrued liabilities (1,831) 1,321 [1]
Customer deposits 58 287 [1]
Deferred revenue 3,342 3,269 [1]
Accreditation fees payable 85 80 [1]
Net cash provided by operating activities 14,073 8,991 [1]
Financing activities:    
Proceeds received on exercise of stock options 17 71 [1]
Payment of tax obligations resulting from net exercise of stock options (182) (340) [1]
Repurchase of common stock (3,117) [1]
Proceeds received on loan payable 32,940 [1]
Repayment of loan payable (4,600) [1]
Payment of loan payable costs (25) (205) [1]
Net cash (used in) provided by financing activities (3,307) 27,866 [1]
Investing activities:    
Additions to property and equipment (9,943) (10,435) [1]
Net cash used in investing activities (18,713) (38,459) [1]
Increase (decrease) in cash and cash equivalents (7,947) (1,602) [1]
Cash and cash equivalents, beginning of period 20,393 12,637 [1]
Cash and cash equivalents, end of period 12,446 11,035 [1]
Supplemental cash flow information:    
Interest paid 1,154 976 [1]
Income taxes paid, net 956 2,118 [1]
Supplementary disclosure of non-cash investing and financing activities:    
Property and equipment acquired during the period not yet paid for 1,102 392 [1]
Fair value of shares issued for acquisition of Cedar Holdings Group 2,000
Fair value of contingent consideration for acquisition of Cedar Holdings Group 3,065
Cedar Holdings Group, Incorporated [Member]    
Investing activities:    
Acquisition of business, net of cash (8,770)
Ascio Technologies, Inc. [Member]    
Investing activities:    
Acquisition of business, net of cash $ (28,024) [1]
[1] The Company has initially applied ASC 2014-09 (Topic 606) on January 1, 2018 and ASC 2016-02 (Topic 842) on January 1, 2019. Both accounting standards were adopted using the modified retrospective method, under this method the comparative periods were not restated.