XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Consolidated net income (loss) $ 990 $ (2,113)
Adjustments to reconcile consolidated net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,266 1,091
Stock-based compensation 1,034 962
Deferred income taxes (54) (94)
Pension cost 309 253
Changes in operating assets and liabilities:    
Accounts receivable 137 1,149
Prepaid expenses and other current assets 86 158
Other assets 426 21
Accounts payable and accrued expenses (307) (431)
Deferred revenues 3,145 (177)
Accrued salaries, wages and related benefits (490) 627
Income and other taxes 225 338
Net cash provided by operating activities 6,767 1,784
Cash flows from investing activities:    
Capital expenditures (1,339) (1,702)
Purchase of short term investments - others 0 (5)
Net cash used in investing activities (1,339) (1,707)
Cash flows from financing activities:    
Proceeds from exercise of stock options 0 321
Payment of long-term obligations (291) (70)
Net cash provided by (used in) financing activities (291) 251
Effect of exchange rate changes on cash and cash equivalents 32 210
Net increase (decrease) in cash and cash equivalents 5,169 538
Cash and cash equivalents, beginning of year 13,806 9,792
Cash and cash equivalents, end of year 18,975 10,330
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 155 24
Cash paid for operating leases 361 404
Cash paid for interest $ 68 $ 92