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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Net income for the period $ 3,364 $ 5,775 $ 15,398
Items not involving cash:      
Depreciation of property and equipment 17,986 12,632 8,961
Loss on write off of property and equipment 201 1,638 142
Amortization of debt discount and issuance costs 300 269 297
Amortization of intangible assets 10,007 11,420 10,333
Net amortization contract costs (717) 106 (10)
Accretion of contingent liability 383 344 0
Other 0 223 0
Impairment of definite life intangible asset 0 1,431 0
Deferred income taxes (recovery) (1,328) (3,939) 1,285
Excess tax benefits on share-based compensation expense (1,554) (861) (634)
Net Right of use operating assets/Operating lease liability (2,204) 205 (32)
Loss on disposal of domain names 1 17 114
Loss (gain) on change in the fair value of forward contracts 606 (500) (313)
Write-down on disposal of Ting Mobile customer assets 0 3,513 0
Stock-based compensation 4,592 3,718 2,876
Change in non-cash operating working capital:      
Accounts receivable 1,586 (281) (3,015)
Contract asset (778) 0 0
Inventory (787) 945 318
Prepaid expenses and deposits (3,974) (3,459) 2,904
Deferred costs of fulfillment (1,645) (1,899) 7,678
Income taxes recoverable (1,394) 908 (89)
Accounts payable 4,068 (902) (1,221)
Accrued liabilities 4,857 376 2,329
Customer deposits 645 1,493 27
Deferred revenue (4,495) 2,942 (6,900)
Accreditation fees payable (83) (33) (67)
Net cash provided by operating activities 29,637 36,081 40,381
Financing activities:      
Proceeds received on exercise of stock options 4,818 985 395
Payment of tax obligations resulting from net exercise of stock options (387) (556) (548)
Repurchase of common stock 0 (3,281) (4,986)
Proceeds received on loan payable 69,000 8,000 57,371
Repayment of loan payable 0 0 (8,130)
Payment of loan payable costs (296) (32) (641)
Net cash (used in) provided by financing activities 73,135 5,116 43,461
Investing activities:      
Additions to property and equipment (73,175) (44,437) (44,070)
Proceeds on disposal of property and equipment 510 0 0
Acquisition of other intangible assets (774) (72) (3,566)
Investment in securities (2,012) 0 0
Net cash used in investing activities (101,978) (53,279) (76,086)
Increase (decrease) in cash and cash equivalents 794 (12,082) 7,756
Cash and cash equivalents, beginning of period 8,311 20,393 12,637
Cash and cash equivalents, end of period 9,105 8,311 20,393
Supplemental cash flow information:      
Interest paid 4,485 3,573 4,785
Income taxes paid, net 8,828 8,926 7,941
Supplementary disclosure of non-cash investing and financing activities:      
Property and equipment acquired during the period not yet paid for 99 1,129 548
Fair value of shares issued for acquisition of Cedar Holdings Group 0 2,000 0
Fair value of contingent consideration for acquisition of Cedar Holdings Group 0 3,072 0
Uniregistry [Member]      
Investing activities:      
Acquisition of Uniregistry, (note 3(c)) (2,499) 0 0
Ascio Technologies, Inc. [Member]      
Investing activities:      
Acquisition of business 0 0 (28,450)
Cedar Holdings Group, Incorporated [Member]      
Investing activities:      
Acquisition of business 0 (8,770) 0
Simply Bits LLC [Member]      
Investing activities:      
Acquisition of business $ (24,028) $ 0 $ 0