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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income (loss) $ 4,769 $ (2,928)
Adjustments to reconcile net income (loss) to cash (used in) provided by operating activities:    
Non-controlling interest (3) 1
Gain on bargain purchase (7,234)
Inventory reserve 2 53
Stock based compensation expense 832 457
Depreciation and amortization 2,233 2,089
Right-of-use assets, non-cash lease expense 658 658
Bad debt expense 228 252
Deferred income taxes 377 (703)
Other non-cash items 46 556
Changes in:    
Accounts receivable 815 (533)
Inventory (237) (1,929)
Prepaid expenses and other assets 189 (1,337)
Deferred costs 239 372
Deferred revenue (91) 689
Accounts payable and accrued expenses (374) 809
Lease liabilities (694) (631)
Net cash (used in) provided by operating activities 1,755 (2,125)
Acquisitions, net of cash assumed 8,722
Purchase of investments (100)
Capitalized software development costs (680)
Capital expenditures (1,100) (610)
Net cash (used in) provided by investing activities 6,842 (610)
Cash flows from financing activities:    
Repayment of long-term debt (1,329) (1,497)
Short-term bank debt, net (1)
Purchase of treasury stock upon vesting of restricted stock (44) (181)
Net cash used in financing activities (1,374) (1,678)
Effect of foreign exchange rate changes on cash and cash equivalents (123) (1,480)
Net (decrease) increase in cash, cash equivalents and restricted cash 7,100 (5,893)
Cash, cash equivalents, and restricted cash, beginning of period 17,989 26,760
Cash, cash equivalents, and restricted cash, end of period 25,089 20,867
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period    
Cash and cash equivalents 17,680 [1] 26,452
Restricted cash 309 [1] 308
Reconciliation of cash, cash equivalents, and restricted cash, end of period    
Cash and cash equivalents 24,780 20,559
Restricted cash 309 308
Cash paid for:    
Taxes 5 3
Interest 383 326
Noncash investing and financing activities:    
Value of warrant issued in connection with Movingdots acquisition $ 1,347
[1] Derived from audited balance sheet as of December 31, 2022.