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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 4,454 $ 2,553
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 1,371 1,240
Amortization of deferred loan costs 52 51
Share-based compensation 1,445 902
Provision for inventory obsolescence (35) 316
Deferred income tax expense 1 5
Gain on sale of property and equipment (36) (172)
Provision for credit losses 42 0
Net foreign currency unrealized loss (gain) (849) 373
Proceeds from note receivable 0 61
Changes in operating assets and liabilities:    
Accounts receivable—trade (6,978) (10,282)
Inventories, net 200 1,521
Prepaid expenses and other assets 890 29
Accounts payable—trade 3,742 2,355
Accrued expenses (3,003) 130
Other liabilities (3,273) (1,339)
Income taxes receivable/payable 332 377
Net cash used in operating activities (1,645) (1,880)
Cash flows from investing activities    
Purchases of property and equipment (464) (299)
Purchase and development of software and technology 0 (13)
Proceeds from sales of property and equipment 13 176
Net cash used in investing activities (451) (136)
Cash flows from financing activities    
Payments on finance leases (522) (449)
Line of credit borrowings 1,963 1,158
Payments of line of credit borrowings (1,963) (602)
Treasury shares withheld (268) (237)
Distribution to noncontrolling interest 0 (500)
Net cash used in financing activities (790) (630)
Effect of exchange rate changes on cash and cash equivalents 3 (70)
Net change in cash and cash equivalents (2,883) (2,716)
Cash and cash equivalents beginning of period 25,880 16,720
Cash and cash equivalents end of period 22,997 14,004
Noncash investing and financing activities    
Assets obtained in exchange for new finance lease liabilities 0 696
Assets obtained in exchange for new operating lease liabilities $ 244 $ 0