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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income (loss) for the period $ (27,571) $ 3,364 $ 5,775
Items not involving cash:      
Depreciation of property and equipment 28,187 17,986 12,632
Impairment of property and equipment 92 201 1,638
Amortization of debt discount and issuance costs 685 300 269
Amortization of intangible assets 11,394 10,007 11,420
Net amortization contract costs (748) (717) 106
Accretion of contingent consideration 248 383 344
Other 0 0 223
Impairment of definite life intangible asset 0 0 1,431
Deferred income taxes (recovery) (6,981) (1,328) (3,939)
Excess tax benefits on share-based compensation expense (193) (1,554) (861)
Net Right of use operating assets/Operating lease liability (897) (2,204) 205
Loss on disposal of domain names 7 1 17
Accretion of redeemable preferred shares 3,896 0 0
Loss (gain) on change in the fair value of forward contracts 281 606 (500)
Amortization of discontinued cash flow hedge from Accumulated other income (761) 0 0
Write-down on disposal of Ting Mobile customer assets and contract costs 0 0 3,513
Stock-based compensation 7,599 4,592 3,718
Remeasurement of contingent consideration (400) 0 0
Change in non-cash operating working capital:      
Accounts receivable (3,825) 1,586 (281)
Contract assets (6,709) (778) 0
Inventory (4,007) (787) 945
Prepaid expenses and deposits 3,981 (3,974) (3,459)
Deferred costs of fulfillment 2,037 (1,645) (1,899)
Income taxes recoverable 3,355 (1,394) 908
Accounts payable 6,754 4,068 (902)
Accrued liabilities 7,411 4,857 376
Customer deposits (1,191) 645 1,493
Deferred revenue (2,667) (4,495) 2,942
Accreditation fees payable (101) (83) (33)
Net cash provided by (used in) operating activities 19,876 29,637 36,081
Financing activities:      
Proceeds received on exercise of stock options 1,096 4,818 985
Proceeds from redeemable preferred shares 87,500 0 0
Deferred Preferred Financing Costs (1,016) 0 0
Payment of tax obligations resulting from net exercise of stock options 0 (387) (556)
Repurchase of common stock 0 0 (3,281)
Proceeds received on loan payable 48,300 69,000 8,000
Payment of loan payable costs (748) (296) (32)
Contingent consideration for acquisitions (3,125) 0 0
Net cash (used in) provided by financing activities 132,007 73,135 5,116
Investing activities:      
Additions to property and equipment (136,710) (73,175) (44,437)
Proceeds on disposal of property and equipment 0 510 0
Acquisition of other intangible assets (782) (774) (72)
Investment in securities 0 (2,012) 0
Net cash used in investing activities (137,492) (101,978) (53,279)
Increase (decrease) in cash and cash equivalents 14,391 794 (12,082)
Cash and cash equivalents, beginning of period 9,105 8,311 20,393
Cash and cash equivalents, end of period 23,496 9,105 8,311
Supplemental cash flow information:      
Interest paid 10,289 4,485 3,573
Income taxes paid, net 3,883 8,828 8,926
Supplementary disclosure of non-cash investing and financing activities:      
Property and equipment acquired during the period not yet paid for 501 99 1,129
Fair value of shares issued for acquisition of Cedar Holdings Group 0 0 2,000
Fair value of contingent consideration for acquisition of Cedar Holdings Group 0 0 3,072
Cedar Holdings Group, Incorporated [Member]      
Investing activities:      
Acquisition of business 0 0 (8,770)
Uniregistry [Member]      
Investing activities:      
Acquisition of business 0 (2,499) 0
Simply Bits LLC [Member]      
Investing activities:      
Acquisition of business $ 0 $ (24,028) $ 0