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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (11,773) $ (9,214)
Adjustments to reconcile loss to net cash provided by operations:    
Depreciation and amortization 22,142 19,135
Amortization of operating lease assets 1,386 1,481
Amortization of debt financing costs and discount 726 820
Non-cash interest expense 298 1,471
Net accretion of discounts and amortization of premiums on available-for-sale securities (377) (119)
Provision for expected losses 46 2,047
Provision for deferred income taxes 884 225
Loss on extinguishment of debt 0 990
Net realized gains on sales of available-for-sale securities (2,609) (2,257)
Share-based compensation 6,444 5,430
Loss on disposals of long-term assets 0 132
Change in fair value of contingent purchase consideration 0 175
Changes in operating assets and liabilities:    
Accounts receivable (3,998) (4,126)
Inventory (41) 97
Prepaid expenses and other assets (1,886) 5,101
Operating lease right-of-use assets 0 546
Accounts payable (1,206) 376
Accrued expenses and other long-term obligations (1,103) 87
Operating lease liabilities (1,555) (1,118)
Deferred revenue 2,010 (2,379)
Net cash provided by operating activities 9,388 18,900
Cash flows from investing activities:    
Acquisition of intangible assets (13,256) (7,651)
Purchases of property and equipment (692) (1,585)
Software capitalization costs (10,187) (7,027)
Purchases of available-for-sale securities (15,643) (27,647)
Proceeds from sales and maturities of available-for-sale securities 20,522 14,385
Net cash used in investing activities (19,256) (29,525)
Cash flows from financing activities:    
Proceeds from notes payable, net of issuance costs 4,995 0
Payments of notes payable (420) (35,627)
Debt extinguishment costs 0 (250)
Net proceeds from issuance of common stock 1,370 46,800
Capital raise fees (132) (338)
Payments made on amounts due for the acquisition of intangibles (1,513) (311)
Net change in client fund obligations (26,342) 13,931
Net cash provided by (used in) financing activities (22,042) 24,205
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents (31,910) 13,580
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period 177,622 164,042
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period 145,712 177,622
Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the Consolidated Balance Sheets    
Cash and cash equivalents 21,425 30,317
Restricted cash and restricted cash equivalents included in funds held for clients 124,287 147,305
Total cash, cash equivalents, restricted cash, and restricted cash equivalents 145,712 177,622
Supplemental information:    
Cash paid for interest 0 3,140
Cash paid for income taxes 18 432
Non-cash investing and financing activities:    
Acquisition of intangible assets 5,338 357
Notes payable issued for acquisitions 3,107 1,209
Shares issued for acquisitions $ 9,125 $ 2,543